In the financial markets, volatility is defined as the tendency of the price of an asset to move up OR down, relative to its price, over a given time period.
Jobs growth in the U S has been readjusted DOWN a million
The Government has NOT reported cancer deaths in the U S since 2022, why ? ( vaccine )
Epstein and his disgusting horror story gets more light shone upon it daily
We live ON a farm and WE are the livestock , take this pill buy this stock ,we know best
We love you ,especially your children ( boiled or fried )
What I am trying to say in a post filled with irony is that they lie to you, from the TOP all the time and these lies go down from the top through the bureaucracy and the bought and paid for media into the peoples consciousness as the truth and a direction from a loving leadership it is like thinking that the workers in the abattoir have your best interests at heart if you were a cow
Resist Resist become as self sufficient as possible , get real stuff do not listen to their criminal B/S , try and form pockets of like minded people , you will be considered a bit of a nutcase but folks will come round . I followed QANON when it was active and now 10 years later Pizza and cream cheese and jerky are back in the lexicon BIG TIME no one is going to save you and yours except YOU
The recent ABSURD price swings, IMO, denote a market that is broken... or nearly so. Silver does NOT go down 30%+ in one day... that's insane. Ditto the lesser but still despicable rigging...
Irritating, yes, but reassuring, as I expect the entire western silver market, including the totally corrupt Comex... to crater and soon. Supply/Demand has not changed despite the crooks playing their silly games.
When the smoke finally clears... the stackers will be still standing... tall.
China is in a race to buy silver and they have sold our Treasury bonds to raise money to outbid us. So they are working against us in every way possible. For 50 yrs the bullion banks have used paper trading to steal from us. And they are still getting away with it even tho they have been caught massively short. So WHO should be investigating this? Is it the CTFE? Go to their @ctfe….their only 2 (apparently) attorneys have quit. There seems to be one woman left who posts photos of herself with this or that “important” person, for months now. In the meantime, after a raid on the SHFE, China has investigated and sanctioned or barred 24 trading groups. We have a problem and no one seems to be interested in how much money the bullion banks are stealing. Or how broken our trading system (COMEX) is. I would love for someone to tell me I’m wrong about this.
It is estimated that the BRICS countries now have more than 100,000 tons of gold between them, while some say that all Fort Knox contains are cobwebs and an echo!
Wow what a read ,not quite a Yale man USA but pretty close ,Yale controlled Yale in China and also interesting the East coast names like Coffin ect there are weeks of research in that article ,nothing will surprise me anymore if a fairy God mother pops out of my rear end I will probably say Hi what took you so long or tsomething like it ,crazy world
Tragically for us all, you're not wrong. The problem is compounded because what the so-called "regulators" really do is run cover for the criminals they're supposed to be regulating. It's the same in other industries, eg, pharma :(
Is/was Gensler the Father of SB Frieds girlfriend? There was another “overlooked” fraud! If I’m right, Gensler shouldn’t be in any office. But SBF’s parents were raising boatloads of money for the Dems.
Those stories about Ms Gensler are unconfirmed. I'm sure it wouldn't surprise anybody if they were in fact true! At the SEC, Gary was quite tough on cryptos other than BTC. At MIT, he used to teach courses on BTC.
Yes, although Gensler is just one in a long line. There was one CFTC Commissioner - Bart Chilton (2007-14) - who tried to draw attention to the crime and corruption at the CFTC. He continued after leaving the CFTC but died of cancer in 2019, aged only 58. RIP Mr Chilton.
I think the fundamental point is that COMEX is not a market. It's a "market." Fake. Rigged to suit The Fed. Nonsense - and increasingly irrelevant. The sooner it fails the better. Unfortunately, the same can be said for other "markets" also.
From my vantage, industry will always be looking for legitimate ways to hedge future input costs and/or output values. No matter how I contemplate, I've been unable to figure out how they will do it when all future exchanges break down for any extended periods.
My oldest friend, who for years resisted every encouragement i gave that he may want to buy a little silver, today asked me on the phone where he could buy some silver. Over the last three months he had asked repeatedly if I was selling because the price kept going up. Told him no which seemed to have frustrated him. He was afraid I was missing a good chance to profit. He's a stock guy and is sincere. Ive alway explained it was my way of holding wealth, not a trading item for me. He's sitting on a large chunk of cash I keep pointing out it is loosing him value every day.
For 'Older people', cash may not be the worst "Investment", so long as the position is kept under 50%?? Older people generally need Security more than Growth...
Many "Baskets" means :Less likelihood of missing meals....
Silver and gold are falling on the Comex ,as expected , China is on holiday , the crooks have a real good opportunity to get out of trouble and into cheap physical , you should do the same as an honest citizen ,the 27th of Febuary is 9/10 days away that is when reporting for the delivery of physical metal for March can be done . I do not have a contract but if I did I would be knocking on the door at 9 am on the 27th to get my instruction in asap, 1 million and three ounces are available and there are a possible 4.5 million claims on that 1 million and three ounces for delivery in March its a no brainer to me. Also Clive Thomson said the other day that available silver had gone down to 920 000 ounces if I am not mistaken ,even worse or better, he did not say where the balance between the two figures had gone to, insiders probably ,before the doors get kicked in at 9 am 27th of February in the year of Our Lord 2026 , if OUR LORD exists I feel I will meet him at 9am on the 27th just in front of me in the queue ,paper in hand
We should also remember that from the inception of the Futures "markets", it is known from declassified cables at the time, that volatility was a tool to be employed to scare away average investors from buying physical metal such that the Futures could "manage" the price.
Like, for instance, the recent price moves. Except that with a supply shortage, the buyer of Silver in quantity is NOT the average investor but large industrials who must have physical Silver to continue production. These buyers are, of course, interested in buying at the lowest possible price so may to some extent contribute to lower prices by holding back on purchases, but that only goes so far without risking production delays and contract defaults.
I'm receiving replies to my post in Chinese characters obviously not from you but using your name. These replies either appear transiently on the Substack or don't appear at all. Has your Substack been hacked?
I think China plans to offer a trade to the west. The wests gets debt relief if the agree to belong to Brics and use the new global currency rolled out soon.
I hope you can keep your heads on straight cuz we already know the wizard running this machine behind the curtain of oz isn't all that powerful; so dont be afraid and sell your physical. Use these opportunities to get more physical before its unavailable but don't chase price and get caught up in their pump and dump. Don't count on them losing control until the machine reveals itself as inoperative. Remember to follow the YELLOW brick road! Knowing when to trade up has proven to be a wise decision.
David; You have long expected Silver availability to increase in tandem with an increase in price. I can imagine this might not happen in the case of Silver or other "Physical" scarce assets. Unlike 'Paper' equities which have no intrinsic value and no debt burden (edit--and have) counterparty risk, Those entities which hold large amounts of silver, likely do so as a means of avoiding intangible assets. Why would they now trade their silver for paper subject to the whims of foreign powers?
I wonder about the notion that paper equities have no counterparty risks. This occurance was one I lived through and felt like a whole lot of counterparty risk was projected that day: "The XIV "blowup" refers to the February 5, 2018, collapse of the VelocityShares Daily Inverse VIX Short-Term ETN (XIV), which lost over 80-90% of its value in a single, extended trading session. The product, designed to bet against market volatility, became worthless due to a massive spike in the Cboe Volatility Index (VIX), triggering a redemption clause that led to its liquidation."
Use of The Depository Trust & Clearing Corporation and Cede & Co involve counterparty risk. They also raise the question of how many parties might believe they have a claim on each share of common stock. If there are hundreds of paper claims on each ounce of physical bullion, why wouldn't the criminals in charge of our "markets" do the same with bonds and equities? How would we know?
Tirion, they do have multiple claims against every share unless you hold the certs. In your name. Even then im suspect of these having value in any crisis.
Jobs growth in the U S has been readjusted DOWN a million
The Government has NOT reported cancer deaths in the U S since 2022, why ? ( vaccine )
Epstein and his disgusting horror story gets more light shone upon it daily
We live ON a farm and WE are the livestock , take this pill buy this stock ,we know best
We love you ,especially your children ( boiled or fried )
What I am trying to say in a post filled with irony is that they lie to you, from the TOP all the time and these lies go down from the top through the bureaucracy and the bought and paid for media into the peoples consciousness as the truth and a direction from a loving leadership it is like thinking that the workers in the abattoir have your best interests at heart if you were a cow
Resist Resist become as self sufficient as possible , get real stuff do not listen to their criminal B/S , try and form pockets of like minded people , you will be considered a bit of a nutcase but folks will come round . I followed QANON when it was active and now 10 years later Pizza and cream cheese and jerky are back in the lexicon BIG TIME no one is going to save you and yours except YOU
Racketeering for us vs management by the parasites
How did we all miss that magic hidden billion ounces of silver that has now come out and been sold in a fever?😉
So easy to miss something that does not exist.
Yes! We need the magic glasses so we don't get fooled again.
Thanks! Mine's a whiskey!
The recent ABSURD price swings, IMO, denote a market that is broken... or nearly so. Silver does NOT go down 30%+ in one day... that's insane. Ditto the lesser but still despicable rigging...
Irritating, yes, but reassuring, as I expect the entire western silver market, including the totally corrupt Comex... to crater and soon. Supply/Demand has not changed despite the crooks playing their silly games.
When the smoke finally clears... the stackers will be still standing... tall.
China is in a race to buy silver and they have sold our Treasury bonds to raise money to outbid us. So they are working against us in every way possible. For 50 yrs the bullion banks have used paper trading to steal from us. And they are still getting away with it even tho they have been caught massively short. So WHO should be investigating this? Is it the CTFE? Go to their @ctfe….their only 2 (apparently) attorneys have quit. There seems to be one woman left who posts photos of herself with this or that “important” person, for months now. In the meantime, after a raid on the SHFE, China has investigated and sanctioned or barred 24 trading groups. We have a problem and no one seems to be interested in how much money the bullion banks are stealing. Or how broken our trading system (COMEX) is. I would love for someone to tell me I’m wrong about this.
China, IMO, is not an enemy, just a competitor... we have been sticking a thumb into their eye for a LONG time... sanctions, tariffs, etc.
China did not force our greedy corporations to send our jobs over there... and we are not the rulers of the world, although many think so.
When it is found they have 20,000-50,000 tonnes of gold and we have NONE... the S will HTF.
Yes, let's not forget that Mao was a Yale man!
It is estimated that the BRICS countries now have more than 100,000 tons of gold between them, while some say that all Fort Knox contains are cobwebs and an echo!
Really MAO was a Yale man ??
That is a knockout to me
Skull & Bones!
https://www.mygen.com/users/ufo/Mao_was_a_Yale_Man.html
Wow what a read ,not quite a Yale man USA but pretty close ,Yale controlled Yale in China and also interesting the East coast names like Coffin ect there are weeks of research in that article ,nothing will surprise me anymore if a fairy God mother pops out of my rear end I will probably say Hi what took you so long or tsomething like it ,crazy world
1984 need to have the warning factions and keep everyone dumb
Tragically for us all, you're not wrong. The problem is compounded because what the so-called "regulators" really do is run cover for the criminals they're supposed to be regulating. It's the same in other industries, eg, pharma :(
It's all fake, pretense, fraud.
Is/was Gensler the Father of SB Frieds girlfriend? There was another “overlooked” fraud! If I’m right, Gensler shouldn’t be in any office. But SBF’s parents were raising boatloads of money for the Dems.
Those stories about Ms Gensler are unconfirmed. I'm sure it wouldn't surprise anybody if they were in fact true! At the SEC, Gary was quite tough on cryptos other than BTC. At MIT, he used to teach courses on BTC.
Guy named Gensler, especially. A real cockroach and he looks like one.
Yes, although Gensler is just one in a long line. There was one CFTC Commissioner - Bart Chilton (2007-14) - who tried to draw attention to the crime and corruption at the CFTC. He continued after leaving the CFTC but died of cancer in 2019, aged only 58. RIP Mr Chilton.
Maybe it will be the Commies who straighten out a rigged Capitalistic system using a real market. Ironic.
I think the fundamental point is that COMEX is not a market. It's a "market." Fake. Rigged to suit The Fed. Nonsense - and increasingly irrelevant. The sooner it fails the better. Unfortunately, the same can be said for other "markets" also.
From my vantage, industry will always be looking for legitimate ways to hedge future input costs and/or output values. No matter how I contemplate, I've been unable to figure out how they will do it when all future exchanges break down for any extended periods.
True... perhaps the China PM markets will open up (do they have futures?), if Trump stops demonizing everything they do.
maybe using put or call options on silver etfs like PSLV? (SLV is a con-game)
My oldest friend, who for years resisted every encouragement i gave that he may want to buy a little silver, today asked me on the phone where he could buy some silver. Over the last three months he had asked repeatedly if I was selling because the price kept going up. Told him no which seemed to have frustrated him. He was afraid I was missing a good chance to profit. He's a stock guy and is sincere. Ive alway explained it was my way of holding wealth, not a trading item for me. He's sitting on a large chunk of cash I keep pointing out it is loosing him value every day.
Maybe he gets it.
For 'Older people', cash may not be the worst "Investment", so long as the position is kept under 50%?? Older people generally need Security more than Growth...
Many "Baskets" means :Less likelihood of missing meals....
btw: "Cash" should be kept secure, but that means 'not in banks or institutions'.
Silver and gold are falling on the Comex ,as expected , China is on holiday , the crooks have a real good opportunity to get out of trouble and into cheap physical , you should do the same as an honest citizen ,the 27th of Febuary is 9/10 days away that is when reporting for the delivery of physical metal for March can be done . I do not have a contract but if I did I would be knocking on the door at 9 am on the 27th to get my instruction in asap, 1 million and three ounces are available and there are a possible 4.5 million claims on that 1 million and three ounces for delivery in March its a no brainer to me. Also Clive Thomson said the other day that available silver had gone down to 920 000 ounces if I am not mistaken ,even worse or better, he did not say where the balance between the two figures had gone to, insiders probably ,before the doors get kicked in at 9 am 27th of February in the year of Our Lord 2026 , if OUR LORD exists I feel I will meet him at 9am on the 27th just in front of me in the queue ,paper in hand
The chart shows registered was much lower in 2023 and 2024. Why so excited now?
Draw a line.
Also look at global supply deficit.
We should also remember that from the inception of the Futures "markets", it is known from declassified cables at the time, that volatility was a tool to be employed to scare away average investors from buying physical metal such that the Futures could "manage" the price.
Like, for instance, the recent price moves. Except that with a supply shortage, the buyer of Silver in quantity is NOT the average investor but large industrials who must have physical Silver to continue production. These buyers are, of course, interested in buying at the lowest possible price so may to some extent contribute to lower prices by holding back on purchases, but that only goes so far without risking production delays and contract defaults.
I'm receiving replies to my post in Chinese characters obviously not from you but using your name. These replies either appear transiently on the Substack or don't appear at all. Has your Substack been hacked?
I think China plans to offer a trade to the west. The wests gets debt relief if the agree to belong to Brics and use the new global currency rolled out soon.
That would be nice. But, 'Entitled' bullies would die, rather than Demotion....
I hope you can keep your heads on straight cuz we already know the wizard running this machine behind the curtain of oz isn't all that powerful; so dont be afraid and sell your physical. Use these opportunities to get more physical before its unavailable but don't chase price and get caught up in their pump and dump. Don't count on them losing control until the machine reveals itself as inoperative. Remember to follow the YELLOW brick road! Knowing when to trade up has proven to be a wise decision.
Could we be wrong about precious metals?
Our his-story is mostly fake
The sources we use as information as mostly fake
What is real is very very difficult
Thank you David.
Thanks for explaining the Index David. Appreciate it.
Great post and information, David. Thank you.
David; You have long expected Silver availability to increase in tandem with an increase in price. I can imagine this might not happen in the case of Silver or other "Physical" scarce assets. Unlike 'Paper' equities which have no intrinsic value and no debt burden (edit--and have) counterparty risk, Those entities which hold large amounts of silver, likely do so as a means of avoiding intangible assets. Why would they now trade their silver for paper subject to the whims of foreign powers?
I wonder about the notion that paper equities have no counterparty risks. This occurance was one I lived through and felt like a whole lot of counterparty risk was projected that day: "The XIV "blowup" refers to the February 5, 2018, collapse of the VelocityShares Daily Inverse VIX Short-Term ETN (XIV), which lost over 80-90% of its value in a single, extended trading session. The product, designed to bet against market volatility, became worthless due to a massive spike in the Cboe Volatility Index (VIX), triggering a redemption clause that led to its liquidation."
Use of The Depository Trust & Clearing Corporation and Cede & Co involve counterparty risk. They also raise the question of how many parties might believe they have a claim on each share of common stock. If there are hundreds of paper claims on each ounce of physical bullion, why wouldn't the criminals in charge of our "markets" do the same with bonds and equities? How would we know?
https://capitalistexploits.at/systemic-risk-pffft-friends-systemic-risk/
Tirion, they do have multiple claims against every share unless you hold the certs. In your name. Even then im suspect of these having value in any crisis.
Yes to everyone above. My mind wandered as I was typing.
🙌🏻
Any statistical record of precious metals flowing to Asia with this latest massive takedown of PM prices?
Mushrooms