/biz/ - Business & Finance

FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM FUCK YOU JPM

SLV WILL RISE AGAIN. DON'T GIVE IN TO A SINGLE BAD RED DAY. 30 EoW

i hope all you faggot schizos die for recommending this worthless fucking ROCK

I just bought the silj and GDJX dip. How fucked am I

Holding what I have, buying the miners dip, not selling. I want to see JPM and COMEX burn when people decide to take the delivery.

I wanted silver to drop yesterday so I could load up on calls. Sorry boys

Are the bullionbanks just trying to fucking kill eachother right now or what? First smash the shorts, then someone tries to short again, SMASH THE SHORTS. "okay guys, we are going long now right?"
Yeah.... SMASH THE LONGS

I'm financially ruined......all of those other times
I posted this I was joking. I'm serious this time

>>21270533
Guess I was wrong about 25 50 being the bottom.

BTFD

WTF BROS YOU SAID SILVER WOULD BE $30/OZ BY END OF WEEK YOU LIED TO ME!

>>21270533

How low is it going lads?

Fuck paper, never selling physical.

>>21270685
NOT VERY GR8 MAN, NOT GR8 AT ALL

Now you have your dip!
Go do something loud mouths.

>>21270660
Ruined from 1 down day? Wew lad. L2MoneyManage

>>21270685
Terrible send halp

>>21270658
If I knew exactly what jews are doing I would be rich like them

>>21270533
AAAAAAAAA
i should have sold, last week was unironically the top. now im stuck holding these bags for another decade

Thread just got archived, so couldn't reply. Here it is:

Regulators aren't needed here. These are people just like you and I. They aren't Gods in any sense of the word. They can influence public affairs but cannot command it without revolt. HSBC and Scotiabank already dropped out willingly last few months. JPM is the last game in town and from inventory we saw last month's ~28mil ounce xfer from eligible to registered. We know they only have ~122mil oz left on a 650mil oz exchange to physical month. They are done.

sinking like a stone

>>21270580
>FUCK YOU JPM

This is a gift - use the dip to buy more fren.

>>21270685
Just checked my stack, still the same amount of coin. Just checked physical prices, lost like $1 per coin.
>>21270703
Simply this

Premiums are still fucking high, I hope it goes under 25€ per oz, then I will start buying like crazy again

damn, we're going below 1900 this session, aren't we?

>>21270703
....is that a golden penis cap?

I cant wait to see the CME position report this evening. If positions went up, look out

>>21270735
Down $38k today

I see the paper tanking but when I go to buy physical it is still almost $40 an ounce for silver eagles. The premiums have barely changed. Wtf is going on

>>21270755
i'm fucking seething man, its hard to think straight

>>21270660
Stop being dramatic.

I bought near the highs knowing full well this might happen. Steady hands, fren.

>>21270716
Ya I am sure the dip wishers are buying and not pissing their pants in fear. They only want to buy when things look good, but also convince themselves they cant buy without a dip. Then a dip comes and they are paralyzed with fear.

Why didn't I think of this yesterday.

how do you retards sell your pmg? or do you just eternally hold it
sounds like an absolutely useless asset desu and that's not even considering the extra you have to pay for physical metal

>>21270803
Jews. Buy the dio

Should i buy this dip? Obviously it'll bounce straight back.

>>21270667
Looks like I bought too soon today.

Here silver goes again, 25 and dropping

>>21270820
serves you right for buying paper

Fucking based, I hope it keeps dropping. I have $20k in credit cards in the mail coming to buy the dip with.

>used the last 7k savings to buy 250 oz
>-15% the day after
>almost 1k savings down the drain

>>21270660
Do you need that money right now? If not, wait a bit. This collapse is only about to begin. We have so many economical sectors DEAD and not returning for a while.

>Take Delivery
>Sell to literally anyone
>Profit
3 steps to kill COMEX and make a killing

>>21270749
I mean... Not that I want them. My tinfoil just turned on. The timing seems about right.
https://finance.yahoo.com/news/jpmorgan-likely-face-lawsuit-precious-131801520.html

>>21270785
>He doesn't have a golden penis cap

>DOWN 200$ IN A DAY
DOWN 200$ IN A DAY
>DOWN 200$ IN A DAY
DOWN 200$ IN A DAY
>DOWN 200$ IN A DAY
DOWN 200$ IN A DAY
>DOWN 200$ IN A DAY
DOWN 200$ IN A DAY

Silver will reign

its fucking over. we are having a bigger selloff than fucking march and on just a small rise in yields. its over, 29 was the top wasnt it

down 600 dollars today

>>21270808
Just start REEEEing

>>21270822
Find a local dealer. Sell Bullion. My dealer pays a buck over

Use a site like this for your price estimations going-forward. Pass it along.

https://findbullionprices.com/closest-to-spot/

COMEX spot prices will continue to fall as their institution fails and bows out. At some point it will reach $0 for paper holders. The evidence of COMEX falling apart is the lowering of spot price, evidenced by people exiting paper positions and JPM gaming whatever system they think they have left. Don't worry about it anymore, as September 1 approaches, expect dramatic dips.

You can, however, use this to your advantage if buying physical locally and the dealer is still relying on that price as their starting point. Supply is short though, so don't wait too long.

>metal shills pretending there aren no sub 30$ coins

>>21270785
You aren't a true stacker until you have at least one golden penis cap.

>>21270533
I went in at the top margined.

Dubs decides how I kill myself, gotta make it look natural so my wife and kids get my life insurance. I live in a house on a river of that helps.

It was nice knowing you all.

i dont feel so good bros

How low do we have to go for all the paper traders to leave? I hope it drops to that point.

>>21270882
What's the smallest delivery demand you can take? Wasn't it like super high so the normies are priced out?

time to never buy anything ever again. I lost massively on cryptos in the past, now precious metals is thrashing me. Maybe I wasn't meant to make it after all

>>21270817
Personally I am waiting for it to go lower. and I want to see gold get dragged down.

>>21270817
I bought $2k today. Feel like I bought a little early. May buy more.

;^)

SLV will rise again.SLV bros, we will make it.

>down 23%
At this point I'm just laughing at the absurdity

>>21270909
>>21270923
Down like $6000 today.

Still in the green.

L. M. A. O.

>>21270882
Except you'll never take delivery, which is the key to your plan. Stay away and just put your money into physical at this point... hedge the current spot price at your local dealer and you will win.

>>21270972
>Imagine holding this HSBC trash
Dont blame you for feeling sick

>>21270959
>VAT
>Delivery
That 24 quickly becomes over 30.

AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHWHY THE FUCK DID I LISTEN TO YOU PANAMANIAN BASKET WEAVING ENTHUSIAST FAGGOTS AND BUY SILVER AT THE TOP I AM FINANCIALLY RUINED

Here's your dip bro

>>21270909
How fucking small are your holdings that $200 is a big deal to you?

>>21270987
Hold for longer than 3 months, works for me.

>>21270880
premiums are filling the gap, fucking gold is still over 2k on sites

Dubs chooses how I kill myself.

d-do i buy more PSLV?

>>21271041
oof dat margin doe

What do September silver deliveries look like right now? Whats with this price, wouldnt it blowing up? There is like 670 million ounces for September

>>21270890
Thanks for the link anon. Yep, I'm sure there's a lot of "pending" litigation that's stalling just beyond the next election. They are losing power day by day, but still fight with whatever they have left. Eventually they will run out of steam, it's inevitable.

Why's everyone so upset? If you didn't panic buy over the past week, you're still ahead.

>>21271078
not where i am, bought at 6k9, its now 6k4

realistically, where the fuck does this stop?

It's scoopin time

>>21271041
I'm surprised it's not out of stock. That little piece will be $100 in December on eBay.

>>21271003
If they were trying to beat it down prior to September, why do it now of all times? Why not keep it crabbing at 29, wait until the last minute and dump paper on the markets to push it sub 25 so you don't get murdered on your shorts? What are they scared of this week?

>>21270985
I don't mean me. I mean anyone with the means. There's no reason arbitrageurs shouldn't be cleaning out the COMEX with premiums what they are and the shortage of physical right now.

If you're calm today then you know you've been doing it right. If you are panicking at all today then learn from this. This drop is nothing.

>>21271080
Accept Christ, unironically

>>21271096
People who bought last friday are the ones seething right now. I managed to get out from SLV at break even. Thank god for home office.

>>21270785
>golden penis cap master race

>>21271096
They did, lots of newfags who bought SLV and GLD, just like Reddit did last week. My dollar average per ounce is still around $20, physical.

>>21270946
>COMEX spot prices will continue to fall as their institution fails and bows out. At some point it will reach $0 for paper holders
That implies that the market suddenly noticed what's going. That's something you couldn't see AT ALL the last few weeks given that surge in the chart(could have been short covering but still). Without some official news/happening I don't see how the paper scam fact could make such a sudden drop. Pls explain.

>>21270890
More attention on this link.

>>21271129
I scooped, kindly do the needful sirs and make it go up

Yamana Gold and First Majestic are strong BUYS.

>>21271080
Hold patiently -_-

>>21270599
this, but EOM.
it's a red week anon.

>>21271146
It's Jews, man. Some days they get spooked by their own shadow.

>>21271164
I have, but I made this huge mistake and my family will be better without me.

We bounce at $24.5. If it continues to fall, then who knows.

>>21271129
>>21271233
do i buy more pslv lads?

>>21271243
One more day like this and I will get called and I will eat this loss. My family will need my insurance money.

>>21271205
So your point is that this number we are all freaking out about is the price for PAPER not physical? For physical look at something like this: https://findbullionprices.com/closest-to-spot/

Have I got that right?

>>21271260
Buy buy buy make it go up please

>>21271129
sub $10 please!!!!

>>21271080
Please don't anon.

I don't know what your portfolio looks like, but if you are physically holding then go celebrate by having a drink or night out on the town. You are weeks away from realizing truths that most do not know today. You are ahead of the way. The prices they are showing you (spiraling downward) is the shift away from THEIR institutions. It's GREAT for you, not the other way around.

I wish I could drop a single picture of my mind's knowledge of economics and markets that made sense to everyone. Trust me when I say asset classes are limited and everyone is backed into a corner with only one way out. That way out is physical, there is literally NO OTHER WAY. I can't think of a single time in my life that everything was so evident and clear. I'd say 100% certainty at this point that the world as we know it is about to change, especially for physical holders. Future generations will thank you for your decisions today.

Have 2 ounces of gold, should I just get more? what's the usual ratio you fags have with silver?

>>21271297
don't worry it will stabilize ._.

>>21271312
Are you retarded?

>>21271085
I have. All I have left is margin and I'm 1700 long at 9.91. Just gotta wait bro. Average down if you can and eat Raman.

>>21271093
That investigation has been open since at least 2018. I think positioning for all anons is going to be very time sensitive and they might benefit from being sober. Of course we could just dump to 10 cents.

>>21271129
This is seriously probably the biggest opportunity we will ever have in this bull market

>>21270880
Don't you get it? Spot price doesn't influence your resale price. You have not lost anything. The great disassociation is here.

>>21271253
No mistake is without a means to correct it. Your life is more important than any of the material pursuits of this world. Pray. I'll pray for you.

is that anime avatarfagging FAGGOT still here?

Im going to make it. Stay strong and HOLD

>>21271080
I'm down over double that

I mean sure its dropping significantly for the time being but we are still significantly up on the month. Theres nothing preventing the same growth from happening again.

I did buy 10 oz. silver at the peak of the bubble but considering most of my silver both possesses numismatic value and was purchased in 2003, I dont really give a fuck.

In the end we can HOLD for a month or HOLD for a year but we will win if we are patient.

>>21271212
Bloomberg has a better one
https://www.bloomberg.com/news/articles/2020-02-05/jpmorgan-s-role-in-metals-spoofing-is-under-u-s-criminal-probe

>>21271369
>>21270880
this. even when corona was PEAK hype, with paper silver trading like $10-13 an ounce or some shit, my local store wouldn't sell any physical below $18/oz.
the gap between paper and physical will continue to widen in the coming socioeconomic turmoil that is inevitable after the election.

>>21271253

>>21271398
I hope it goes to down to 20, can't wait to buy at that price

>>21271205
I am waiting for negative price silver.

>>21271080
Dont :)

>>21271329
I'm currently 29.38:1 -> au:ag

>>21271362
>from being sober
You always benefit from being sober. I'm phone posting and that should be sooner!

My only regret is that I do not have more cash to scoop.

>>21271253
Dont say that anon, also dont give into idolatry put your faith in Creator only

>>21270863
good luck fren, are you disregarding the extra 3.5% you pay knowing the rocks will go up in the long run?

>>21270890
Wait what? How did that escaped me? That's fucking amazing, did Trump pushed for that?

>>21271329
1:100 G:S by weight is the aggressive but still safe ratio.

>>21270620
>Stop buying up our shekels!!!

>>21271479
Oops (i wish)
Reverse that. 29.38:1 Ag:Au

>>21271549
jews are the one dumping this making real money you KIKE

>>21271510
No idea, I just knew it was in the works. I lurked /pmg/ quietly at the time. I thought the threads knew, kek

Sorry metal man, time for your nap.

>>21271205
The market has noticed, what are you implying? That there isn't a shortage of physical?

The COMEX spot price is exactly that. The price people are willing to pay for a COMEX contract ounce. When people lose faith in COMEX, that price lowers as people sell, in the hopes that buyers come along and take it from them. It's basic free market dynamics in play here. Everyone, and I mean everyone in the markets, which implies everyone with more than $1b in holdings is aware of the COMEX default. They are selling, prices are lowering because nobody is buying. As more and more institutions sell, the price will continue to go down. It's just like any company stock about to go belly up. It doesn't RISE. It lowers.

There's a paradigm shift that's about to happen involving the pricing model. Today it relies on COMEX, in the near-term future it will not.

When JM Bullion is (or at least was last week) buying metals at ABOVE the COMEX spot price, that should speak volumes about the JP Morgan/COMEX market. Why wouldn't JPM just sell directly to JM and arbitrage the $1 difference? Because they don't have the inventory and can't.

>>21271497
I don’t dare because it keeps going down

SILJ has dropped farther than this before. From 1 June to 18 June it crashed 18%, before soaring. As it stands, we're only down 13.5% from the latest peak. SILJ is also lower than it was when silver was $18. I think that we are hitting a bottom in SILJ. Physical silver isn't dropping right now either. People who are really getting wiped out at the moment are the people who bought SLV, or options on SLV. I am sorry to say that they have no comfort, because they must know that the stock is getting delisted and going to zero next month. We tried to warn them, and, unfortunately, they didn't heed our warnings.

>>21271571
>paper money is real money
Jewish hands typed this. Oh, and kys.

>>21271357
The lower it falls the higher the ultimate high.

>>21271613
Just wait until it hits bottom

>>21271666
enjoy poverty GOYIM idiot

>>21271630
you keep posting SLV is going to 0 and getting delisted but based on what? stop being autistic and give facts. you're embarassing yourself, anon.

>>21271306
You got it anon

>>21271394
I’m poor, this is my entire life savings.

Anybody seeing really good deals like the ATB coins last week?

heading to $20 boys

´They´ don´t want us to buy more. Don´t sell iron hands, this drop is uniranically a good sign. They are getting desperate, keep buying. Don´t leave any physical PM´s left for them

>>21270785
>stacker doesn't have 3 oz gold penis cap

>>21271370
Thank you.

>>21270785
>>21270903
>>21270964
>>21271187


It's called a condom, you virgins, it's so hoes don't come asking for bullshit child support. Making them out of gold is not only stylish, but prudent and ecologically friendly. Truly this man buried here was ahead of his time.

>>21271668
If it falls that low then their shorts succeeded. You're not going to see it rise high again unless they let it.

>>21271630

>>21271306
>So your point is that this number we are all freaking out about is the price for PAPER not physical?
Comex price is the price for a delivery contract which is obviously not the same as physical metal as you have an additional layer in between(with additional risk and so on). Yes, I'd say that but that's not my argument here.
If I understand you right you're claiming that the drop today is mostly caused by dwindling trust into comex( and the backing of the contracts).
If that were true I'd have to assume that the paper market got briefed today on this issue because there wasn't any sign of mistrust the last few weeks( green, green and more green). Why today? Why so suddenly after such a surge? There is no official statement about a default or anything like that.
I would have expected this issue to reflect itself only gradually in the spot price chart.
>>21271603

>>21271725
Wait... you're poor and you went all in on an obvious top that didn't had a dip yet? I lack words... it's like buying LINK at $13. Do you faggots ever zoom out your graphs?

>>21271205
That's how bank runs/economic crashes always happen. Everyone realizes what's going on at the same time and runs for the exit. Not saying that's what happening, but if comex does fail this is what you'd see

Why did silver crash?

>>21271603
>When people lose faith in COMEX, that price lowers as people sell, in the hopes that buyers come along and take it from them.
Who the fuck IS buying these contracts right now? Anybody with awareness should be staying away.

>>21271109
taking about physical, jmbullion for example

having steady hands through this dip will pay off lads.

>>21271840
Bog's last stand

>>21271840
muh vaccine

>>21271681
How am I supposed to know what that is

>>21271839
If the price falls enought the risk is negated by the discount to physical. What that price is is up to debate.

>people losing their mind with prices dropping
>picked up 3 ounces of gold this morning

thank fuck. i thought prices were going to rocket before i could load up. i'm ready with more funds.

SMASH THAT GOLD. DOWN. MORE DOWN.

>>21271725
The Lord blessed you with it. He can do so again.

Not about the why did it crash, but how? What could happen to make this possible, and based on those parameters, how low can this possibly be made to go?

>worst silver drop since lehman brothers bankruptcy
wow sure feels like a bull market, thanks Peter.

>>21271860
Do I buy more. I'm down heavy today bro.

>>21271790
Volume keeps ticking over but no one is closing out... yet. Lots of self trading.

Thinking about it, but... down 600 bucks today and if it keeps crashing I'm really going down hard. Not sure what to do.

>>21271362
Agreed. It's tough to see where JPM is going to come up with 528,000,000 ounces of silver to cover on September 1. I have gamed out many scenarios and came to the conclusion that I believe JPM is going to be left holding the bag as a scapegoat for the next big financial bombshell/affect on global markets. They are an easy scapegoat because they are the last of the big 3 metal custodians to fall. HSBC last month, Scotiabank in April, which leaves JP Morgan. Another confirmation is when I heard the inside scoop about Morgan Stanley holding upwards of 500-600 million ounces of silver in a private stash not for sale. Then on the last call they anounced a long position for both gold and silver. I can't recall exactly but I feel like it was $2350 and $100. So who's going to loan JPM the silver? Certainly not them. Who's left? There aren't many? Where does JPM as the supposed "seller" end up BUYING when they need to cover their sales? The math never works out, which is why they are done for. I wouldn't be surprised if we see many radical exits as the contract price plummets to $0. They will short off any remaining contracts and take whatever profits they have left.

I'm guessing this will all happen SOONER rather than later, because don't forget they still have about 122,000,000 ounces of silver in "eligible" inventory. The sooner they get "too big" of a delivery (which has already occurred) the sooner they default to Force Majeure and pay contract holders in USD instead. That'll leave them sitting on an unregistered but eligible private stash of 122,000,000 ounces that will rocket in value. The alternative is they continue to short down the price, but at some point those profits will not be as much upside as just defaulting sooner. It's going to happen, guaranteed!

Tell it to me straight anons, am I losing all of my money? I put $2000 in calls for SLV yesterday. Strike price was $27.50 and expires on 8/21. Am I gonna make it?

I still live with my family and I'm not in debt, but it'd suck to lose this much.

>>21272025
Your problem is I started buying this month. When I buy, it's usually at the ATH of a bubble.

>>21272009
Buy half that amount, then buy the other half later. Dollar cost average

>>21271603
>Why wouldn't JPM just sell directly to JM and arbitrage the $1 difference? Because they don't have the inventory and can't.
because they are obligated to hold it in comex to maintain a fractional reserve limit to trade above the traditional contract-size limit.
are you even paying attention? JPM can't just pull all its physical from comex even if it wanted to. they trade far above the normal contract limit BECAUSE they have physical locked up, and they can say "hey we're not manipulating the market we're JuSt HeDgInG".
comex has the physical. the difference is now JPM is obligated to deliver now. they couldn't arb to JM no matter what they were paying.

>>21271907
JPM Intern clicked on Market Sell. RH kids did the same, Boomers did the same when Putin announced he crated -what basically is- a SARS vaccine in a few months. Laughable, really. We'll be at $30 before October.

why didn't you give me $1920 price before going up?

greedy jews

>>21272025
Options are a double bladed sword anon. Never invest more than you're willing to lose with them.

>>21272075
Holy shit, can we end this reddit joke already

AND I'M FREEEEEEEEEE

Remember the 3 feet from gold story if you know it.

>>21272113
What joke? I'm speaking the truth.

>>21272089
How much more can the sell tho? How much did they have, how much did they sell, and how much more can they sell?

>>21272108
Yeah, I know. Its not gonna devastate me but it'll still suck. :/

>>21271363
Correction, in the history of the known world. At least for common men (and women). I have studied a lot on the subject, and never has there been a more obvious time that a transfer of global wealth is occurring and by what means. Generally you know it's happening but aren't in a position to reap the upside. This time is different. This will make lots of people infinitely richer as other country fiats are destroyed in time. Think of the US Debt Calculator which last I saw had ~$4100 in circulation for every 1 oz of silver. That'll be the first jump in value, the next one will be whatever country falls next. However much they pumped into their fiat vs. metals will correct back into the metals. And so on, and so forth, for the foreseeable future, infinitely through practically every country on Earth. You are on the verge of never being a wage slave again.

>>21272025
i really hope this is a joke. we could be red for 2 more weeks easily. there is a substantial risk this call will not end up in the money.
cut your losses. you should've opted for less contracts but expiry nov 20th.
i fear for you.

I'm so glad I sold all my miners yesterday.
Going to buy back in a few days lmao

>>21271891
Man I guess if you can jump out fast enough. I am just reminded of that 'Owning 100% of nothing is still nothing', logic.

>>21270966
strap meat to yourself and allow woodland predators to devour you

>>21272016
Based post, also physical shortages. Miners and Mints already conceding on silver to focus on gold in 2021.

I still have hope. Russian vaccine is a fucking sham and the market will realize that soon enough.

>>21271080
death by peepee poopoo

>>21271080
drink a two liter of Coke and eat an entire pack of mentos

>>21271757
>>21271255

no ragrets i will buy more, picrel. will be making monthly purchases until fedcoin rolls out.

>>21271080
don't do it anon. do you have physical, yet? buy some small stack of physical. When the LCD numbers get you down, go pick up a heavy silver coin and roll it around in your hand. Feel the weight, of the highly refined, industrially useful, jewelry grade, antimicrobial metal. Feel it pull the warmth from your skin.

the LCD numbers won't bother you so much. even the coin may go from $30 to $10 (but it won't). But its always there, and always real.

>>21272199
Not all of the contracts will default with 100% probability, no?
If there's a 50% chance that they default but you can get a 60% discount to physical silver the expected return should still be positive.
The probability of the default is up to debate and everybody has his own guestimation. That's why you will see people buying at mostly all price levels.

>>21272016
Not trying to be a source check asshole because I am onboard with your thesis, but where are you getting JPM's obligations from?

>>21271080
By hedonism, at the age of 110, surrounded by the extravagant wealth and loyal concubines you aquired by holding your silver.

Whats the lowest physical price ?

>>21272167
I think they can crash the market for a day if they want to, who knows, they might to do just that in spite. I'd buy so many ounces for $6, Jesus. After that there would be a price discovery that would stabilize around $130.
$24 for now is a safe bet, the entire world is printing more Fiat and is more in debt than ever. Don't worry about today, the bull run hasn't even begun.
Silver will rise from the ashes. It took almost 80 years...

>>21271840
because retards think that Putin's vodka-injections are actually a vaccine and think "welp guess the world will be back to normal in two weeks, better stop buying"

So happy I sold everything at the open today.

When should I buy back in?
I can't wait to buy cheap miners lmao

>>21272186
Not a joke, sadly. Oh well :(

What an interesting day.

>>21270785
You don’t have one? This is why we get circumcised. Anon, I...

>>21271245
I fucking hope so. Paid in a few days, would love to see an utter crater of 20-23.

>>21272363
It was already going down before this russia thing.

i want one of these

Inverse head and shoulders on silver please.. let it end..

>>21272016
When do we buy a physical, I feel a need to do math

R E M I N D E R

>>21272419
>mfw i have over half a kilo of GOOOLLLLDD

also i'm just larping. i have no gold.

>>21271549
>sign on the left

SLV $24.50 EoD, $26, tomorrow, $28 Thursday.

>>21271814
A lot of factors contributed to recent performance into the green. One being that most boomers still believe the hype about GLD and SLV. When they see gold or silver rising on TV, they call their brokers and execute a trade. They aren't going down the street to buy physical.

The sudden institutional dropout from COMEX is because they were waiting to see how the public reacted to the impending September news. Don't forget, there's money to be made (for them) even in a crash. I don't play that game but they squeeze whatever they can, whenever they can. There has been a phenomenal shift in awareness in just one week about the COMEX September troubles. (They) figured that out and are now repositioning as they should.

Then in the background, picture whoever is responsible for metals at JPM having a literal freakout and realizing they will be left holding the bag as their calls go unanswered by the powers that be who could ultimately "lend" metals to them to cover delivery positions. Their trading desk likely doesn't have a concise strategy anymore amidst all the chaos, so day by day they are floundering their strategy to see which approach will net them the most positive return... all the while knowing the collapse is here.

>>21270785
uncutfags will never know the joy of owning AND wearing a golden cock-cap

>>21271760
The sell off is based on a strengthened dollar due to the Russian vaccine news

>>21272533
Real silver $500 EOY

AAHHHHHH WHY DID I BUY DECORATIVE PAPERWEIGHTS

>>21270817
Ya boi DCA-ing silver til friday

>>21270673
its tuesday

>>21272537
They can put a cap on and have the foreskin go around it you know.

>>21272533
i'm holding you to this

Not what I hoped for but still cool.

WHEN DO I BUY BACK IN FAGGOTS?

>>21272578
For some reason this made me laugh.

>PANIC!
>It's tuesday.

>>21272564
More like 1k/oz plus

>>21270796
maybe don't be a fucking retard and have all your eggs in one basket? have you never heard of diversifying your portfolio? you NEVER go all-in on one thing. Yes PM's are great but also own stuff like guns and paintings and stocks and property

Bidding on Yamana @ 5.82

>>21270533
I'm not complaining, but why Boris for the picture? Is he into PM's or what?

>tfw you bought the exact bottom of First Majestic Silver
>tfw already in the green
I'm fucking begging you, do not drop!

Add Yamana to the portfolio. Yay!

Bid/Ask spread on allocated gold and silver bullion is straight retarded right now

>>21272567
lmao if you bought into PM's to make money you're a fucking idiot. you buy metal to treat it like a physical savings account, you buy metal not because its doing well, but because fiat is doing bad.
you buy silver and HOLD IT for 40 years so when you retire you can cash-in on your savings or pass it down to your adult children so they can continue the stack after you die

>>21272728
?

>>21272678
When Aurcana drops further, I'm buying a bunch more shares.

>>21272678
>had 150oz silver
>price crashed due to fakeflu
>wanted to load up another 50z at least maybe even double my stack
>couldn't buy any fucking silver any where at spot price
>price rockets

THANK YOU VISHNU. MORE DIPPING PLEASE. BACK UNDER $15 PLEASE. I WILL LITERALLY TRIPLE MY FUCKING STACK AT THAT PRICE.

>>21272771
https://abx.com/markets/pricing/
or look on Kinesis.

>>21272767
Or you buy miners that will go 40x

I-is it over?

>>21272844
never is

Jesus Christ, VIX too!

>>21272844
Not until the market closes

>>21272844

>>21272327
I see what you are laying down, thanks anon!

>>21272085
I know this anon. I was using it as a market analysis common-sense analogy. I realize they can't sell directly to JM. But the point is, if JM is buying at a higher price than what COMEX says it's worth, then something is off. I doubt it's on the buyer side.

You do realize there is only one player left in the COMEX game right? COMEX is literally JPM and only JPM. So to correct your point, COMEX does not have the physical. London might be able to lend to them, but again... why would they when it puts London at greater risk of default? This is a big game of hot potato, just be glad you're not in it. Keep in mind, if you are at all into currencies, central banks worldwide are quite literally collapsing as I type this. We like to focus on the Fed, but almost every country has at least one of their biggest banks in crisis. Haven't you noticed there are no more home equity loans? Everyone is contracting to mitigate risk.

US10Y just BTFO'd precious metals and cryptos

Reminder to never sell your silver... USD collapse imminent. The prices are manipulated like everything else... won't be for much longer

I'm going to have a beer tonight, lads.

This makes me so hard (no fappers not allowed)
https://youtu.be/ACL2iNSI_kY

What do you guys think about the more trustworthy physical ETFs. Let's say I believe they really have the metals from the end of the last contract and only the current difference is in contracts. What will happen to them if COMEX really goes belly up? Is this basically in the hands of the ETF managers on how exactly to handle this?

Also can somebody please recommend me the best miner ETFs? Would be super nice if they have currency hedges available. EUR is fine, but would prefer CHF.

>>21272985
My silver just took the biggest hit since Lehman Bros crashed

>>21272221
If I had to guess, as a big F.U. Morgan Stanley will swoop in and buy JPM assets at pennies on the dollar when this is all said and done. :)

>>21270966
>>21271080

Please don't harm yourself. If you took out options on SLV then you made a grave mistake, but the miners are still going to soar. You can still make your money back with them. You haven't lost everything. $40,000 in SILJ will become $400,000 if we are correct about this silver bull market.

>>21273000
I need something stronger

>>21272982
extremely temporary rally

>>21272439
Now

>>21273064
Cocaine?

>But the point is, if JM is buying at a higher price than what COMEX says it's worth, then something is off. I doubt it's on the buyer side.
agreed
>COMEX is literally JPM and only JPM.
but this is retarded, see pic related. goldman and SG issuing far above JPM.
i think you are missing a few more pieces than you think, although it is clear you understand enough to profit from the situation, so in the end DOES IT MATTER?

>>21273042
One last attempt to keep it repressed.. It will reign have faith.

>>21272439
it's always/never the best time to buy physical. i got mine in 2015-6 at about $22cad per oz. i've had it since then and i don't get triggered over fluctuations bc JEW. MONEY. ISN'T. REAL.

don't hold physical if you are cucked to the stupid fucking monopoly money horseshit. you won't make it.

This is really the cheapest physical right now? Really?

On the bright side, stocks are down too. Retards really think the fed is gonna let rates keep moving

>>21273149
This means nothing without data. Where are the numbers that show this?

>>21273145
also i know it says copper futures at the bottom but this was a result of poor cropping. pictured is the gold futures. you can see similar trends in silver. in any case, i just wanted to point out that comex is not "literally JPM and only JPM"

>>21270880
>almost 1k savings down the drain
>almost 1k
>So not even 1k out of 7k spent

Not going to lie bro, but that is a more than manageable loss, especially considering that there is a high probability that the price of gold/silver will recover in the coming weeks. Just hold and do not despair.

>>21273185
Crypto is taking a hit too

>>21273185
YCC is on the way if not already here. September it will be announced officially.

>10 year treasury yields
Jesus that kinda explains it

>>21272982
Disproportionate movements in metals. We might have a bigger fish on the hook.

>>21273033
AFAIK Shares in physically backed ETFs aren't locked to COMEX prices by any strict requirement - they are simply traded on the open market and it is up to market forces to keep them in line with COMEX based on the notional value of the holdings. The only difference is when the ETFs are expanding and buying more metal to sell more shares - that has traditionally been done approximately based on exchange pricing because that is the price at which the ETF can add more metal to its holdings and therefore the price it can sell new shares at.

If the COMEX actually implodes, those ETFs are going to go through a wild ride of price finding just like other bullion markets.

>>21272025
>>21272385
then you need start unwinding on green morning pops until you can get some capital back. i would bet you dollars to donuts that 8/21 27.50 expires worthless. the following 10 days are to be used to flush out norm

>>21273185
Weird day, huh? Where is all that cash going then?

>>21273135
Something that numbs the pain

>>21273240
cash i guess

Lots of new positions today and proof that the miner portfolio is extremely resilient. This is a bullish sign. No paper tiger portfolio.

>>21273158
Spot seems to be getting dragged around with paper horse shit. Timing this right is probably worth 15% even with increasing premiums. I'm suspecting that SLV might actually have broke!

>>21273209
yeah i know bro, I should be glad i've those oz with me unlike most sheep right now believing the governement, but still, its 25 more oz I couldve bought ! The greed is real

>>21270533
Anyone here think about copper at all? It was the money the lowest social classes used in Ancient Rome. I wonder if it'll see any price action if this metals market really kicks into overdrive over the coming months. Will plebs be priced out of Silver and forced into Copper?

>>21273238
How about 8/21 26?

>>21273240
>Where is all that cash going then?
Good question

>>21273304
Yes, but not as money. I like copx.

>>21273145
Not retarded, just dig a little deeper anon. Who are the custodians?

>>21273240
unironically treasury bonds

>>21273304
I buy a little copper with every silver purchase.

>>21270533
RIP

>>21273197
>pic related

>>21270622
I loaded up on long exp calls too fren

>>21273221
The 10 year yield is going down again from it's high. We might see silver contracts pump AH.

>>21273385
That would make the yield go down anon...

Money is moving into 4-13 week tbills

long-squeeze detected

>>21273197

https://www.youtube.com/watch?v=9EOPKizJ_Y4

>>21273407
source?

i hate this stupid game

>>21269397
I certainly was calling for a pullback, dont know who the fuck you were listening too, but tons of people were saying that a pullback was inevitable after such a climb.


I got to finally buy the dip!

LCS got ~1000 oz of silver in this morning.

All sold within 5 minutes of announcing they had it.
They like me and saved me 4 ashai bars though, 3 of which are sequential. My first cybers, kind like the design more in person then online pics, and bars over rounds with these.

Lumber is still up. Lumber will back the new currency

>>21273443
Already watched this. That doesn't explain what I am asking for. This manipulation can only happen with a limited number of x. I want to know how much x there is before and after today.

>>21273158
This dude gets it.

>>21273459
It's on marketwatch.com.

>>21273407
We're potentially seeing something break, anon. PM probably should have looked like btc today. Someone is really moving something and I think we need to figure out when to buy/double down

MY PAPERWEIGHTS!!!!!!!! AAAAAAAAAAA

>>21273385
They're all doomed then.

In case anybody doubts that this is manipulation.

>>21273443
Can I get a TL:DW on the video? Is SLV gonna pump in the next week or so?

>>21273292
not really dude, Kitco is selling rounds at $33-$35... I see rounds going on ebay for much more... are you in paper or what? if you're in paper silver, you are part of the problem and you deserve to lose bigly.

>>21273520
thank you dear

>>21273487
Long termites and mother nature it is then.

>>21273507
There is an estimated 14.6 million (((x)))

>>21272527

It figures it’d be something like this. I placed an order for 21 2oz Mercury Dime Ultra High Relief Rounds last night at 29.09. I was sadly mistaken that these were not struck by the US Mint, but Intaglio Mint. Said fuck it, I’ll cancel in the morning. Then this. I don’t want to call and cancel and look like a moron - they’d think I’m trying to pull out due to the dip. When in reality, I’m pissed because it wasn’t clear where these were minted and thought they were struck in West Point or Philly. Wat do. I can eat the difference, pay the market loss calculation and cancellation fee.
t. bought a 2020 SE Monster Box on March 16, and a 2020 BatBox in April

>>21273507

They have 500 paper ounces for every real ounce in SLV, so they can dump the spot price to whatever they want. See >>21273556 for the kind of absurd volumes we are dealing with here. The point is that the silver COMEX deliveries are happening next month, and that they will have to deliver hundreds of thousands of real ounces. We don't even mine 100,000 ounces for investment per annum, and there are no stockpiles for them to get them from. They are finished.

>>21273600
If it's a good deal per toz (when you ordered) than who cares?

>>21273562

I suggest you actually watch the video. It's the most important thing that you could watch if you are a silver-investor. There is nobody who knows more about this industry, or who is more well-respected in it, than Craig Hamke, and he has never said anything more important. Once you finish it you will realize why you should not own any SLV, only PHYS, PSLV, or mining shares.

>>21273566
>are you in paper or what?
I'm about 70% physical 30% paper. Looking like it's about high time to go 85% 15%. I have a weird feeling that before Friday is a really opportune time to buy. It really seems like something broke and anyone paying attention might win big league.

>>21273589
How much of that x was spent today and how much more do they have left after today to play with?

>>21273661
That's fair, I'll give it a watch. Doesn't really help that I'm already locked in on SLV right now, though.

>>21273665
Paper meaning miners. exclusively miners.

>>21273341
I see, JPM is the ONLY gold custodian for cme. interesting.
how does this change JPM's _obligation_ to deliver their physical? I mean, we watched it happen in June, right? they were forced to deliver millions of silver.
are you saying they will just up and decide no we don't do that anymore? i'm under the impression that JPM's choices are as follows:
1) do nothing as delivery demand increases, watch as stack is obligated to be delivered, price goes up while holdings go down - NET LOSS FOR JPM
2) try and sell off the rally and further control the market. this could happen, but i am leaning against this possibility as there are open probes into JPM metal manipulation, and we're already breaking out.
3) flip long on silver. cut the bs shorting, hold/acquire physical, and pump it. each $1 rise = million+ of profit for them. they can buy physical at the same rate they are obligated to deliver it.
this is a very simplified view, this is true. but wouldn't it stand that 3 is the path of least resistance with most profit potential while simultaneously avoiding bad-boy manipulation behavior?
good discussion either way anon I sincerely hope we make it :)

>>21273304
Just get boxes of pennies and cull out the copper.

I was averaging about 5 fv bucks worth of copper so like, 12 dollars worth out of every $25 box.

This was a few years ago when I was doing that. At the time every penny was worth x2.5

>>21273566
>if you're in paper silver, you are part of the problem and you deserve to lose bigly
Hahahahahahahahahahahahaha

>>21273665
What do you mean "broke"? Time to buy more physical?

>>21273676
Ask Tel Aviv

>>21273665
seriously, sell the paper and move it into allocated silver somewhere

>>21273591
corona bro

Should I sell all of my SILJ and PSLV?
>Should I sell all of my SILJ and PSLV?
Should I sell all of my SILJ and PSLV?
>Should I sell all of my SILJ and PSLV?
Should I sell all of my SILJ and PSLV?
>Should I sell all of my SILJ and PSLV?
Should I sell all of my SILJ and PSLV?
>Should I sell all of my SILJ and PSLV?
Should I sell all of my SILJ and PSLV?
>Should I sell all of my SILJ and PSLV?
Should I sell all of my SILJ and PSLV?
>Should I sell all of my SILJ and PSLV?

>>21273661
there is literally nowhere in that video where he says or even remotely implies that SLV is going tits-up. SLV is a backed ETF.

>>21273185
Does the Fed have any tools to get the yields
to move down again without officially lowering rates?

>>21273754
buy more

>>21273487
>When you print Money literally

>>21273721
I think that spot might get dragged around by traders/investors peering into COMEX and realizing that each contract is actually only 1/Xoz of what's written down. This swing was so big that Im going to go digging tonight. Miners might end up eating shit all the way until the first because spot won't reflect the understood value of silver. It will be reflecting the fractional amount of the contracts, just like we've been saying for... Years now.

>>21273591
jelly. i have 625 grams of goooldddd.

also i'm larping. i have no gold.

i would like to pretend-own a full kilo one day.

perhaps soon if the prices keeps dumping.

>>21273754
BIGGEST DAILY DIP IN YEARS AND YOU FUCKBOI THINK OF SELLING?

>>21273802
What is the actual, reasonable likelihood of it going back up, though?

>>21273793
We are past lowering overnight rates. The next step is yield curve control. Look into it. Fed will be announcing it in September very likely. Bloomberg had a piece on it a few weeks ago. Powell said they had a presentation on it at the last FOMC meeting. The St. Louis Fed site has a piece about it online. This will cause steep negative real interest rates.

>>21273665
ok, 70:30... not bad.......
yes, its the opportunity of a lifetime, but it's not going to be easy street... it's going to require developing new skill sets, networking and ultimately fixing the problems dumped into our laps by ~2500 years of shenanigans (pic related).

I made this diagram a few weeks ago, did I leave anything out? I was trying to convey the idea that jewish christianity made us money worshippers.

>>21273754
should you be taking advice from a mediaeval origami board that unironically asks whether >>21270785 is a golden penis cap?

>>21271080

hire a hooker and pay her to sit on your face

WHY DID I BUY PAPERWEIGHTS FUCKKKKKK

>>21271812
Maloney mentioned the 200 MA yesterday, saying silver has to touch that before the big Moon Mission

>>21273867
100%

>>21273591
Remove the plastic, faggot

>>21273877
That’s really solid pic attached what did you use to make it?

>>21273877
>should you be taking advice from a mediaeval origami board
I honestly think the advice on /biz/ is worth real money. Wouldn't be surprised if there are funds tracking what we talk about on here

>>21273903
Why? In all seriousness

>>21273866
Yeah literally the day after I bought and used up all my money

>>21273880
>technicals
this shit is going to whipsaw in such a broken fucking way its just going to become confusing and irrelevant

>>21273566
>if you're in paper silver, you are part of the problem and you deserve to lose bigly.
This desu

>>21273709
You are correct, #3 is my guess too. They are in a bit of a squeeze on gold as well, last I heard somewhere in the neighborhood of 3.2 million ounces are due to be delivered, which equates to a potential $6 billion liability for them - assuming they deliver any physical whatsoever.

I'm guessing the most profitable to them will be default, since in that scenario they will be able to spend their existing soon-to-be-worthless USD reserves... which is something they would have had to do at some point in the future anyhow. This is a way to kill two birds with one stone and still hold valuable metals they can ride the wave with.

>>21273788

J. P. Morgan is the custodian of SLV; if you understand that they have been manipulating the silver-market for ten years, and that the delivery-system on the COMEX is a fraud built on sand, their credibility should be gone for you. The video mostly concerns the COMEX shorting, but he alludes to the spoofing and manipulation tactics they use on SLV, along with Chris Marcus's interview with Bart Chilton before Chilton died, who confirmed this. About SLV more specifically, Chris Marcus interviewed dozens of insiders for his book "The Big Silver Short" and he never got an answer lower than 500 for the paper ounce:real ounce ratio in SLV. The inflows are simply impossible. https://www.youtube.com/watch?v=egD6yjimNno

>>21273788
The respected guys generally don't get into SLV conspiracies other than saying "it's possible that a decent portion of their bars are owned by other people and leased to JPM/whoever they "bought" them from". No one believes that SLV is 50% backed by paper or anything, but even the german central bank didn't get the same bars back from NY that they originally deposited there

>>21273957
KEK
E
K

>>21273867
If the "it" you mention is COMEX spot, I'd say slim to none. Each day we approach September the squeeze will get tighter as institutions adjust their positions.

If the "it" you mention is physical, its value has maintained and/or increased.

>>21273992
i can understand the manipulation, what i do not understand is why SLV would "crash and burn" or "go to zero" if this manipulation stopped.
surely it would undergo price discovery resulting in upward movement closer to the true value of silver, no?

>>21273237
Ok thanks for the explanation. At least the the ones I'm interested in, are basically stating that they are dealing with the LBMA OTC marked and prices are calculated once a day by the LBMA price. They are also talking about counter party securities in OTC derivates deals in bonds and stonks. So I'm not really sure that this should worry me, but I supposed this is just for the time between orders and the actual delivery.

The price finding will certainly be a bad time, but the same would happen with physical as well. It's just pretty inconvenient to buy and sell physical with all the premiums and on silver I haven have to pay VAT of 7%. So I'm thinking of a mixed strategy.

>>21272533
checked

>>21273507
1.2 billion oz of silver traded on the COMEX today, is that what you mean?

Jews trying to short me on SLV. I'll withstand this. Going to stay strong my brothers.

>>21274096
>but even the german central bank didn't get the same bars back from NY that they originally deposited there
this isn't uncommon though, precious metals should be entirely fungible just like Monero. I don't need the exact asset I deposited because 1oz fine silver is 1oz fine silver any way you stamp it.

>>21274137

Once people realize that SLV doesn't have a 1:1 correspondence of real ounces to paper ounces, it has no value. It will go to zero for the same reason that COMEX futures will go to zero. A derivative only has value if people believe that it actually derives from something.

>>21273957
Because super-hyper inflation is just around the corner, USD becomes worthless and history repeats itself again as gold/silver and other PM's become the currency. Money printer can only brrrrrrr for so long

>>21273873
Yes which will cause a massive stock market crash in the next 3-6 months. Remember who the victims are, ordinary people (albeit even as high as C-levels of major corporations). But not bankers and institutions holding physical. They could care less about the lesser humans.

>>21274136
Okay then what about stuff like SILJ and PSLV?

>>21274208
>Once people realize that SLV doesn't have a 1:1 correspondence of real ounces to paper ounces, it has no value. It will go to zero for the same reason that COMEX futures will go to zero. A derivative only has value if people believe that it actually derives from something.
you are operating under the false binary that a derivative needs to track 1:1 without any slippage. in reality, it will undergo price discovery, not go to 0.

>>21274173
Yes. How much maximum can they trade? Can two parties make up numbers and trade 50 trillion between each other in a day or are there limits they can trade and what are they?

Now it's not just us dumping

new bread when?

>>21274260

If the insiders in the industry are right that SLV only has 1 ounce of real silver for every 500 paper contracts, then expect it to plummet by 99% once this is found out. And if we have a COMEX crisis, it _will_ be found out. Nobody will trust paper any more.

>>21274208
I unironically think this is what happened today. SLV is going to rest at a ratio to true spot. It might be a long haul, but silver will approach that value. We need to figure out the ratio for the contracts and estimated oz available for delivery. We're crashing this ticker

>>21273933
thank you dear. I use paintbrush on a mac. i made this >>21273158 one too. it's a pretty solid program, you can get a clear background and superimpose images like you can with photoshop.

that image in particular is really simple, you just pick a background colour and font that has good contrast. the key to memes is the ideas. i like to make cheap memes because the expert ones like >>21272537 come across as try-hard (no offence).

>>21273957
if you are smart enough to reverse engineer the shilling and sheer emotionalism, i agree. i made $10 000 between march and april and that's largely due to this board.

>>21274229
I would actually say the opposite. Negative interest rates means the dollar and Treasuries will be losing value. Dollar denominated assets will not only increase, but capital will flock to it to escape the inflation and it won't be able to find safe haven. Fixed income will get fucked. Pensions will get fucked. But stocks, real estate, and metals will moon. They will be where capital escapes too out of the dollar. I mean, whether their is another crash or not, I don't know, but with YCC and no inflation target, assets are going way up as the dollar goes down.

>>21274292
Its all made up numbers really, they traded 1/3 of the world's entire silver supply last thursday I believe. A few people suggested daily trading limits but (((no one))) really thought it was a good idea. So, as much as they want to?

>>21273145
What reports is this contained in?

For people who are looking for miner opportunities, today has proven which ones are going to be the best performers. That is the ones that have proven most resilient in holding their nominal value.

>>21274253

SILJ and PSLV are what you should be buying, although bullion in your hand is better than PSLV. But PSLV is the best bet there is for paper bullion. Mining stocks are safe. FMS, for example, is the second-largest stock in SILJ, and intends to pay its dividend in silver ounces.

>gold goes only up

>>21274298
OMG OMG OMG is this the grand dip we all have been waiting for? VIX is already up 10%. Can we expect a ton of marging calls from all these robin hood investors who are going to loose everything. I supposed they have been playing hard with Silver these days, because it moved so fast. This would be quite ironic if the precious metal market eventually brought the whole stonks market down.

>>21274137
ishares would probably redeem their shares for whatever they could squeeze out of JPM if that did happen. The credibility would be destroyed and someone (Sprott) would pounce on them. In this situation they suddenly have a decreased number of bars/share in the fund. Sure the bars left would be worth more (assuming they weren't locked up in court proceedings) but no one would recommend it to people. Just like how arthur anderson rebranded their consultancy after enron.
>>21274200
you miss the implication though. It means they treated your asset as their asset. Like a cashier taking money from the till even though they intend to pay it back. You no longer are a trusted custodian because you turned your customers into creditors

My miners account value jumped by 2% in the last 3 minutes of trading. The best is yet to come in spades.

>>21274461
So just hold my SILJ and PSLV until they're green again? Am I going to be staring at red numbers for a while?

>>21270803
>The premiums have barely changed. Wtf is going on
Demand for physical silver is radically outstripping supply. We’ve seen this sort of price decoupling in PMs for almost 6 months now.

>>21274545
>tfw deposited money in broker account but it takes 3 days for the deposit to clear
REEEEEEEEEEEEEEEEEE

>>21274253
To be fair, I don't speculate nor follow mining indexes much. Think of it this way, if the company you are investing in has (or has the means to have) physical metals acquired at below market value, then putting stock in that company (or those companies) will likely appreciate at a rate comparable to the metals by which they hold. But companies are complicated beasts and there is an element of trust you put into them by giving them your money. Corruption happens all the time, just do your research and play safe.

>>21274556
I expect we'll be at new highs by September. Can you wait that long?

>>21274593
OY VEY COOL IT WITH THE ANTISEMITISM

>>21274556

The answer to the first question is yes, the answer to the second is that we don't know. But SILJ is objectively undervalued to a ridiculous extent. It's now lower than it was when silver was $18.

PLEASE CAN WE GO SUB $25 AND STAY THERE UNTIL I GET MY NEETBUX PLEASE I WANT MORE SILVER

>>21274618
You can still buy...

https://www.stlouisfed.org/on-the-economy/2020/august/what-yield-curve-control

This isn't here as some kind of academic curiosity. This will be the policy come September. Despite today's bloodiness, the underlying fundamentals are the same. We are going to steep negative interest rates.

>>21274709
Get credit cards and max the out on SIlver