The “silver shortage is near” fear (FOMO) mongering rears its head again. I’ve been in the markets since 1975 and seen this time and time again. People pushing their book promote this.
Give data showing the London silver stocks are not being drawn-down and the high lease rates for silver in London are not real. Otherwise, it's just chat.
David, if the metal is maintained in the Comex warehouses, isn’t it still available to meet any demand? Only if end users and investors take actual physical delivery and remove it from Comex warehouses will we know what is left, right? Of course London could default in the interim. Interesting days for sure.
Do the LBMA numbers have integrity? No government or corporate numbers can really be trusted anywhere today and i would assume the LBMA information could also be misleading and not factual.
It keeps surprising me... that the price stays around $32... with all these (looming) shortages.
Is that all paper silver thrown into the market that keeps the price surpressed ? And "almost" nobody comes to collect the silver in these paper contracts, the silver that gets shipped in recent months only seems to "stabelise" the price . And it just settles around the $32 price..... as if no shortage looming and as if there are truckloads of new silver is heading to these warehouses.
Somehow it looks like this can go on forever and ever... but my silver experience only goes back to 2010....
Also need to do due diligence on which miners you invest in. Lots of risks with management, exploration, even geopolitics (i.e. concern that unfriendly government might nationalize the mine)
On the 3rd anniversary of the nickel fiasco, isn’t it appropriate to be concerned that the contracts will simply be annulled given the legal precedent subsequently established?
(heavy) gold.
LOL, I do appreciate a sense of humor !
;)
Actually I think he meant by "heavy" the 400 oz bars in the LBMA - not the 100 oz form favored in the U.S.
Yeah - the 28lb. gold bars at the BoE are 'heavy'.
But no problem moving 128M oz. of 70 lb. (1,000 oz.) silver bars.
David - have a look at that piece of news
https://t.co/MB9vXAVKa9
HSBC’s head of precious metals Paul Voller has retired from the bank, one of the leading players in the global gold market, sources say
The pieces topple.
“heavy”, ha!
All that weight is really hard to manage and transport… must require WEEKS to deliver!
Except 120M oz of silver got delivered during the same period.
So heavy.
Smokescreen… nothing to see here!
Stacking!
" . . . a market price excursion".
Are we going on a picnic?
I like a nice day out.
Picnic is set when price break-out happens.
There will be a bull in the field but it will be on our side. Call him Zeus or Dionysus, whatever you prefer . . . It is time for his day in the sun.
How much heavy could a BoE chuck if a BoE could chuck promises?
The “silver shortage is near” fear (FOMO) mongering rears its head again. I’ve been in the markets since 1975 and seen this time and time again. People pushing their book promote this.
Give data showing the London silver stocks are not being drawn-down and the high lease rates for silver in London are not real. Otherwise, it's just chat.
David, if the metal is maintained in the Comex warehouses, isn’t it still available to meet any demand? Only if end users and investors take actual physical delivery and remove it from Comex warehouses will we know what is left, right? Of course London could default in the interim. Interesting days for sure.
‘Registered’ COMEX inventory is available to market.
‘Eligible’ COMEX inventory is not available to market.
Do the LBMA numbers have integrity? No government or corporate numbers can really be trusted anywhere today and i would assume the LBMA information could also be misleading and not factual.
It's what we got.
"Heavy" gold, love it :)
Is the LBMA ever audited?
It keeps surprising me... that the price stays around $32... with all these (looming) shortages.
Is that all paper silver thrown into the market that keeps the price surpressed ? And "almost" nobody comes to collect the silver in these paper contracts, the silver that gets shipped in recent months only seems to "stabelise" the price . And it just settles around the $32 price..... as if no shortage looming and as if there are truckloads of new silver is heading to these warehouses.
Somehow it looks like this can go on forever and ever... but my silver experience only goes back to 2010....
Physical delivery ends the scam.
Isnt it a good play to buy the miners if silver jumps in price? No storage fees and pissing around with metal?
Also need to do due diligence on which miners you invest in. Lots of risks with management, exploration, even geopolitics (i.e. concern that unfriendly government might nationalize the mine)
Well…yes. An EFT sorts that out ro some degree
Fully agree with you
You gave to commit to buying miners prior to any jump in price.
On the 3rd anniversary of the nickel fiasco, isn’t it appropriate to be concerned that the contracts will simply be annulled given the legal precedent subsequently established?
The London contracts are private party-to-party contracts. They can't be annulled within the law.