…you are more ignorant about silver than Keith Neumeyer, the world’s dumbest mining boss. Keif knows more about tequila and hot yoga than the metal his company sells, the mere knowledge that they have decided they can win based on his totally disproven theories about the silver market is enough to know these fools are on Fail Street. These people don’t understand what they are up against, all they are doing is allowing a bunch of virtually limitless pockets to re-set their shorts higher and make better near-term returns.
This isn’t a “short squeeze”, it’s a plain vanilla pump and will collapse like they always do, when the momentum runs out and the instigators cannot fund any new money to prop the price of the silver they already own.
There is a reason why so many people without a single clue as to how money and finances work gather around silver; it’s an easy story, it allows people to complain against “the system” using a unit of currency they think they understand, it appeals to the Freedom Lovin’ Murica narrative. And as fools and their money are soon parted, the scamsters are lined up to tell these people what they want to hear. Now, in early 2021, you try and explain to a silverbug some of their evidence-free assumptions are financial stupidity and they think you are the fool…the sheep…the sheeple who hasn’t “worked it out” yet. But it’s also why the Reddit guys will move on and find a better target, if they have analytical smarts in the group and not just “find the legacy short position” as their directive, they’ll soon see that the silver market isn’t like that of the Hunts back in the late 70s, today it’s a small cog in a larger machine that is oiled with infinite money, it’s totally unlike a single stock with retail gaming outlets in The USA that has had the naked shorters on its back. Bottom line: once the people with brains realize the Neumeyer narrative is bunkum, the people with brains leave you silverbugs alone again.
P.S. For a proxy on the whole thing, watch this:
Oh shut up already.
Oh shut up already
Bringing on more evidence of brain death around this pump. Oh do comment more at this same intellectual level, please.
Look at you begging for attention.
Ah right. I suddenly need an audience. This blog is 13 years old (your mental age?) and we can safely say its audience is established without causing too much controversy. Run along now.
LOL
Greg, I’m bored to tears with you. You think leaving passive aggressive troll comments that add zero to the debate on every other post is funny. You are no longer welcome in my living room or my life, goodbye forever.
Brady caught a lot of grief too for his Redditors are nutty for thinking they can cause the silver futures trading market to be forced to take delivery, etc
From what I’ve read these wallstreetbets people are clever, they are not stupid. And there are enough of them to make the squeeze work as has for GameStop. Once word spreads that holding USD makes you a creditor to the Fed. (Reminder the USD notes and bank accounts are on the liability side of the Central Bank Balance Sheet). They could call a coin dealer, spend $5,000 each and that would probably be more than enough to corner the silver market.
Ok Frank, im interested in seeing where this might go. Please correct me if I get the nuance wrong, but you say that X people buying X amount of physical silver “…would probably be more than enough to corner the silver market.”
And I don’t think so. Not even a very slightly small bit, in fact.
Otto Yep that is what I am saying, and there are still unsettled law suits concerning the gold and silver markets! Bullion banks have had to pay record fines for manipulating these markets! Even the London silver market where price is determined by the trading of bullion bank credit in unallocated account would be at risk due to the leverage envolved, should investors/users go from unallocated to allocated to secure it. Too many claims & not enough physical.
I wrote if before. Otto will be proven wrong here IMO. Ive traded silver at times very well. ..and took my biggest option position ever yday on the July 30 calls ( 700 contracts ). What the author does not understand is the feaar of being caught short at the moment can do. Nobody knows how short the silver market is but I will say this: Buying silver calls, forces mm to buy SLV which forces buys in futures, which pushes silver higher along with silver miners. Its happening.
The mechanism is that easy? Really? The collapse of some massive illegal market bending short position via obligatory option purchases in SLV?
I’m not here for you or anyone else who has enthusiastically embraced their brand new religion. I’m here for the sane people, the ones who don’t willingly hand over their net worth to the market on some super new failsafe plan.
with all due respect, and I do respect what you do ( although dont understand the aggression) I think something is brewing. If Im wrong Ill eat my humble pie. Ypu make great micro calls, but this is macro and IMO its big and happening. GL
And I respectfully agree. WallStreetBets has found a cleavage point in the market and the consequences of what has happened will be far-reaching. Just not in the silver market, it’s not a good target for a model requiring short positions that are largely free-standing.
You may be (probably are) correct about them not breaking the shorts, however many there are.
But many people are probably like me and don’t care if they break the shorts or the manipulation or how smart Keith is. All I care about is whether they create momentum to drive silver up 20 bucks or more over a few weeks, lol. I don’t care if it’s rational or cray cray. Just pop my calls up a few hundred percent.
Top comment, total agreement, hope you nail a good one.
I’m stupid, and I even realize the stupidity of trying to scam the silver market scam.
Looks like Robin Hood not allowing purchases of more than 1 share in AG, SLV and MUX on the precious metals side starting on Monday. Are we headed for a market crash on Monday? Do gold/silver get massacred? Who the fuk knows! Next week could be historic.
Why use bad language? It is not necessary.
Mx. Libertads are priced at 635 pesos in TJ. $=19.3 pesos it was 25 pesos for $ in 2020.In 2007 when I moved here it was 11 pesos per $.Hugo Salenis Price wanted to monetize the Libertad to protect against inflation [and the FED.my thoughts] A side note-I have studied the regulators CFTC-SEC and they are BANK owned. Gensler was past president of the CFTC and found nothing wrong with JPM and the boys cheating and stealing in the metals markets.Now he is the head of the SEC
Otto is conflicted in the sense he wants equality for miners and talks about racism.All good points.Then he turns around and appears to support the system and bangs silver.Yes!He is correct that the boy’s control the market and they will kick your butt until NOW.You can’t have it both ways.Let’s do what is right “Take Delivery”and free the markets and stop the suppression.
Another moment ruined by an idiot. Conflicted? What are you talking about, are you drunk? Apparently I need to check off a long list of laundry items in order to be approved as a human being:
“Oh, you liked Otto’s views on silver? Wait a moment, I’ll find you something you won’t like about him, c’mon boys let’s cancel him together!”
And of course, if you don’t get to do it in my own living room it doesn’t count. However, as your views are of zero importance you can keep wasting them here if you want.
LOL!Otto you have a great sense oh humor.
I think the comment section is to lure people in so Otto has someone to argue with and for contrarian trade ideas.
https://twitter.com/EricBalchunas/status/1355543760575352833
tweet has the graph of SLV inflows
“$SLV took in almost a BILLION dollars Friday, nearly double the old record for this 15-yr old ETF, after being targeted by WSB as way to go after the banks..”
And just read. SLV got a long way to go
https://twitter.com/GlobalProTrader/status/1355536770981572613
JP Morgan now owns around 1 billion ounces of “physical” Silver, equivalent to ~$28 billion, and that is just one Bullion Bank. This enables them to short the futures market at will knowing that any losses they incur are covered by their physical holdings. They control the market
I don’t think JPM owns that much silver, they’re just the custodian for the SLV ETF.
The irony…. Blackrock wil get a 0.5% sponsor fee. Even more money ending up in Wallstreet pockets.
this silver horde is doubtfully theirs IMO. Likely some large country in Asia with quite a large population owns it.
Big candle just made in Silver … https://i0.wp.com/nftrh.com/wp-content/uploads/2021/01/sgr2-2.png
your humble commentator
Personal attacks and “Keif” etc. He steal your girlfriend in high school or something? Who knows more about silver, the angry blogger people read just for a laugh, the one who JUST before the run up called silver a daft investment or the guy who runs a successful, multi billion dollar silver mining company that also has a thriving bullion business. tough call. stay in your lane, jack.
Dumb, arrogant newbie.
I have been sitting on a loss on ASM.To for multi years and I just got to sell it for a 50% profit. Bailed out by redditters. I have no idea whether their scheme can work, but Im happy to have sold that dog.
Word.