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Pillar of the Community
United States
1126 Posts |
Quote:
So if silver is higher everywhere else then won't those countries just buy all the silver they can get from this country where it's cheaper. Causing an even bigger problem for all the short positions. Better yet why don' t the big banksters, that supposedly have ALL this silver in reserves backing up their paper contracts, just load up a plane with a million ounces and fly it to China for a bi profit?  Because the truth is they don't even hold enough silver to even cover their paper positions, let alone get there hands on any to flip to China.. All those paper contracts the bank holds aren't backed by anything. Hence why they're trying to crush silver and keep suppressing it like they've been doing for decades. Every time silver goes up a $1 they hemorrhage hundreds of millions of dollars. Are you starting to see the picture.  The over leveraged banks have 2 potential scenarios that would save them. And ! that will bankrupt them. first the 2 favorable scenarios. 1) They crash the price and make it drop back to "break even" levels for them. or 2) They suppress the price and keep it chopping around at these levels for months, just buying time, in the hopes of dropping back down. And the doomsday scenario that would crush the banks completely: the price blows past $100 and keeps going up. If this happens I think we will see some pretty drastic measures being put in place, particularly by the Government. Anything from settling all those paper in cash at a much, much lower level, to imposing restrictions on owning, buying or trading silver. just look at history and gold. |
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Pillar of the Community
United States
1126 Posts |
If anyone is interested in reading the story I referenced earlier just search for "Big Banks Enjoy Stealth Bailouts - A DCReport Exclusive By David Cay Johnston" December 29, 2025, about a 10 minute read but he also talks about in an interview on YouTube.
He writes about which "bank(s) sold contracts for silver it didn't own, expecting the price would fall. Then it planned to buy the contracts back for less, making a profit by selling high and buying low. Known as short selling". except the price tripled and now they're on the hook to either come up with the money or deliver the silver that they don't actually have.
You'll see the graph showing how the NYFed started injecting cash, in billions of dollars, from July to Dec 2025 in an effort to keep the afloat. Worrisome indeed.
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Bedrock of the Community
United States
11898 Posts |
Looks like we just captured the Venezuelan leader Maduro and his wife and are flying them to the U.S. Likely positive for oil and metal prices. Maduro was indicted earlier in New York on drugs and weapon charges.
Looks like something akin to what happened with Noriega in Panama in the elder Bush administration, where we went into Panama and kidnapped him in a special forces operation on drug charges.
One difference is that President Trump said: "We are going to run the country until such time as we can do a safe, proper and judicious transition." I suppose the U.S. is governing Venezuela for now.
Trump turns to oil. He claims the oil business in Venezuela has been a "bust", and that large US companies are going to go into the country to fix the infrastructure and "start making money for the country". He adds the US is "ready" to stage a second "and much larger" attack on the country if needed.
Seems like boots on the ground will be needed to protect American commercial interests in Venezuela.
Trump is now taking questions. He's asked if the US running Venezuela means US troops will be on the ground.
He says "we're not afraid of boots on the ground" and the US military had "boots on the ground last night at a very high level".
"We're going to make sure that country is run properly," he adds.
Trump is also asked what exact mechanism he will be using to run the country. He says "we're designating people right now" and "we're going to let you know who those people are".
He is then asked who will run Venezuela. He gestures his hand towards himself and US Secretary of State Marco Rubio, as he says "it's largely going to be for a period time the people that are standing right behind me".
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
01/03/2026 12:49 pm
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Bedrock of the Community
United States
11898 Posts |
Fielding a question from a reporter who said he was from Cuba, Trump told him "Cuba is going to be something we'll end up talking about".
"We want to help the people in Cuba, we want to also help the people that were forced out of Cuba.
Secretary of State Marco Rubio interjected that "when the President speaks, you should take him seriously", adding many of the guards who helped protect Maduro were Cuban.
"If I lived in Havana and I was in the government I'd be concerned at least," Rubio added.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Bedrock of the Community
United States
11898 Posts |
I think the immediate takeaways from these developments are:
1. Venezuela stops selling oil to China. China is the primary buyer of Venezuelan oil, taking the vast majority (around 76-80%) of its exports, with Russia and Cuba also significant importers, while the U.S. previously a main customer, now imports much less due to sanctions, though some specialized refineries still need its heavy crude. Venezuela holds the world's largest proven oil reserves, estimated at around 303 billion barrels, making up roughly 17% of global reserves.
2. We are now in the nation-building business, basically governing other countries.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
 United States
5862 Posts |
And away we go! Back up to $75 in overnight trading...
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Pillar of the Community
United States
2479 Posts |
I've had my eye on it since 6pm.
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Pillar of the Community
United States
5862 Posts |
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Pillar of the Community
United States
1126 Posts |
Yup, here it goes, Sunday night "gap up" around $4 bucks from Friday's close.  Monday wait and watch, see if it back fills and holds. Consolidation? Base building? Support level for the next leg up? We'll see. Looking at gold, other metals and even bitcoin futures, they are all gapping up tonight as well. I think there's a correlation somewhere that we can find.  |
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Pillar of the Community
United States
5862 Posts |
*bump*
The US markets are open and silver is back up to $77 now.
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Moderator
 United States
189340 Posts |
After all that, it appears that $70 is the floor. Ready to see $80 again. |
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Bedrock of the Community
United States
25505 Posts |
Quote:
The US markets are open and silver is back up to $77 now. Cha cha cha!  Inordinately fascinated by bits of metal with strange markings and figures
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Moderator
United States
189340 Posts |
Kinda lingering around $77. |
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Pillar of the Community
United States
5862 Posts |
Quote:
Kinda lingering around $77 And then, right after you wrote that, it went above $78... |
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Moderator
United States
189340 Posts |
Yeah, I was trying to goose it.  Back down just under $77 though.  |
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Posted 01/02/2026 11:02 pm
