/biz/ - Business & Finance

>>56460143
The only silver that's not dumb is real paper silver SLV. Retards here hate it though they love paying 40% to 365% premiums

Imagine thinking you'll ever get a blowjob for a mercury dime when people won't even take 10 ounces of silver instead of a chocolate bar.

https://youtu.be/bYhTFz_SGw0[Embed]

SLV is real silver.

You'd be better off stacking Palmers "chocolate" than FAKE (physical) silver.

>yall
>folx
>paper silver
>SLV shilling
wow the shill is as desperate as it is retarded

Paper silver is great too SLV, if yall retards thought silver was a good investment you would buy real paper silver SLV. No premiums on SLV so it's possible to make a profit. Haha you instantly lose 40% when you buy shit from coin merchants

>>56416621
That 20-25 SLV range has made me a lot of shekels this year, but I'm talking about physical.
Buy some, forget about it, and pray you never need it.

>>56408138
Knew I should have bought calls of slv and gld when gold hit 1840 and silver 22s.
>in4b muh stack physical. I have a massive stack of physical but I also play the market and buy calls. Helps me add to my physical stack.

>>56408921
Or you could just buy real paper silver SLV and not pay a 40% premium or have to worry about burying your garbage rocks in 7 locations to prevent theft. Lmao the amount of work you morons put in to go broke is impressive

>>56392757
Hes both right and wrong. Yes, people who have no intel or dont wanna learn (the majority) should stick to ETF. Hes a retard for telling people to buy GLD/SLV.

>>56393628
BIG, BLLG, IRV, GSVR and IGO should be huge winner. Only BLLG and IGO has to prove their deposit (lot ot smoke). IRV has the goods, way too much smoke to have dust. If BIG had nothing, major wouldn't be looking at it from the rumor we're hearing. GSVR is a leveraged producer, they need to clean their balancesheet and spot can do that, beta play.

CGD/BNKR, dont know about them so cant say.

If I had to tip you one position, its Copaur. Look at some recent interview on YT, dont wanna be a shill and will let you make your own opinion.

>>56393909
memeline king said we're still good
https://twitter.com/Tradingchannels/status/1714584104648278024

>>56393147
Nobody is realistically expecting a /pmg/ wet dream where the comex defaults and silver goes to $10,000. SLV is effectively fine to trade, it's not going to break at $500 silver.

>>56393163
The good miners will, that is very few of them. Look at how many companies are down 10-20% while GDX is up 15%. The rising tide will probably lift even the shitty miners eventually, but Juniors move last, which we all knew since day 1, yet for some reason decided to hodl them throughout the entire commodity cycle.

I might buy some of the individual picks towards the end, but for now it's ETFs exclusively as Gary Saystm

>>56392914
I think the abrupt tamping last week was their accumulation stage, but I haven't looked at any slv or metals ETFs etc...contracts. If they're mostly all long, I guess that was it. If they're more shorts, then we'll probably see another nice dip before PMs spike like in 2009 again. I don't care too much but, I'd probably at least splurge on a bit more during another dip if I were certain it was going be the last one for a while.

>>56392890
I can't believe he's telling people SLV

>>56363963
Pic is my attempt at day trading. Started in 2020 and basically stopped in 2021. RH is shit but I liked it for day trading.
The first major dip was not selling slv calls soon enough. Could have 4x my money but held to long and lost. The uptick was me doing a hail merry into gme at 125 a share on a Friday. Monday around open or a little after I sold for 330 a share. After that I got better and started slowly building. The major uptick was from a biotech company where I tripled my money KDMN was the ticker. After that I realized I didn't know shit and was lucky so I got out of day trading. I have etfs and other boring shit with another broker. Moral of my story, I got lucky. I've always been the kind of person that can fall into a barrel of dicks and find the only pussy. The best teacher is just doing it and the success is a great bit of luck and a little experience.

>>56260150
Shitload of ppl went long on silver prices via SLV futures, with calls maturing from september to January 2024. And close to no one on the other side of the trade. JPM positioned themselves short, and now are dumping the price to liquidate all those long positions and bank billions USD in the process. Literally free monies.

Your portfolio needs a silver lining. Buy into the SLV blood bath.

Oilmen, trim now and buy 2025 SLV LEAPS. Bottom of the barrel prices in silver.

>>56257216
Bullish for metals. Buy SLV today/tomorrow if you know what's good.

Uranium bull here. ROTATE NON-CORE OIL & URANIUM INTO PRECIOUS METALS. Do it next few days and thank me in a month when you can then rotate your precious metals gains back into oil and uranium. Buy some SLV LEAPS for 2025 for the long haul, trade them a year from now. Oil and uranium need to consolidate here, they aren't going any higher for a month or two.

Look at the SLV premarket, we're getting follow through to the low side. This is so the bullion banks can exit their short positions, which is why some key players orchestrated the mass slam down on Friday. Absolute low might be around $19.50, but anywhere between $19.50 and $20.00 is good buying territory. From a technical standpoint, precious metals are set to run hard after this bloodbath. Everything is lining up.

>>56198254
"In today's headlines JPM executives were involved in a tragic boating accident. No lives were lost, but, sadly, twenty thousand tons of silver that 'belong to' SLV ETF and other pension sche . . um . . . plans were lost to the depths."

>>56195228
>JPM, discretly accumulated the largest silver stack in the history of mankind by a very wide margin?
Where? According to COMEX reports they have like 12Moz left that doesn't belong to things like SLV ETF or other boomer pension schemes. Do they have other vaults and how much is in there?

>>56165425
>SLV
Premiums on physical silver have plummeted. Less than 2 months ago they were sitting at ~23%, now they're around 11%. Not sure what that means, though...

>>56165411
SLV actually seems to have bottomed and is recovering. Who knows what the fuck that means though.

BROS I just got off a 2 week ban for calling someone a gynofag on /fit/. I sold my GDXU for a hot profit and am in SLV as per Gary instructions. I feel like I am gonna regret not jumping into GDXU again. Is everyone here also unleveraged or anyone in it with a 2 or 3× ETF? I feel like the idea of the time is here and we are headed to 5k has happened at least twice a year for a while now so maybe I might not miss much but damn if this is the one.

>>56049594
Depends how much silver Blackrock wants to slurp. They are crashing silver to buy physical on the cheap from PSLV to replenish their own vaults.
Isn't it interesting the biggest holder of PSLV shares is the issuer of SLV btw? :3

>>56027156
>Comex were audited the dollar would be finished overnight
How so? Comex is nothing more than a delivery mechanism for a non-collateralized ETF. If you read the Blackrock's SLV prospectus it's written black on white : "SLV is a financial instrument simulating the price fluctuation of following commodity : silver", nothing more.

>Digital silver is like 25 digital ounces to 1 physical ounce right now
Missing a zero bud, quite literally. Was at 243:1 last year. About half this figure for digital gold. SLV and GLD are huge liquidity sponges (just like the whole stock market really), and they aren't the only trackers availible, just the largest ones!
There is so much cash trapped out there in countless digitalized nothingburgers... But it's not like all this money could go anywhere else anyway.. there is only so much tangible goods to buy on earth, while the options are limitless with digiscams.

Those digital sponges are in fact the last dam preserving a micro semblance of economic "fairness" between the poorfags and the ultra elites.
And i'm sure the ultra wealthies understand very well this "Pax Poorfaggota" is vital for their survival. The 5 richest ppl on earth virtually own as much as the bottom 4 billions people. This is beyond insane. But in tangible goods, they don't really own much.. a bunch of villas, few dozens of sport cars, yatchs and such. If they used their capital to own half of what truly exist on this planet, currencies would immediately implode and revolts would ensue. So they are stuck into this loop of transforming their ever-growing wealth into always more digital fakeness, and when they feel like it, they use 0.0001% of this capital and transform it onto a castle in Sevilla or a Bugatti. But they can't really do much more, at the risk of destroying the virtual scarcity of the very "assets" they own.

We, on the contrary, are poor enough to transform our digital trash into real goods, something the richs can't afford to do.