Member Info for bonker99

Just to underline the scale of the issue re JPM/$SLV (and other Silver ETFs - another one blinked the other day and amended its prospectus as JPM did on the 3rd February with a tacit admission that they can't create more "baskets"/shares because retail have bought all the Silver - so that's the narrative setting of "blame retail" for a situation entirely of their own making ...) - it is thought that the amount of paper Silver they've dumped to suppress the price on CRIMEX is of the order of 250-400x the amount of Silver that actually exists, now that's what you call a naked short squeeze .......

Again, Perth Mint is now dry, WTF knows what's actually at CRIMEX/London - not a lot I shouldn't wonder - March delivery contracts kick in at the end of next week - what if the money keeps pouring in and they can't deliver?

PS: Jamie Dimon, the JPM CEO, visited the White House last week - who wouldn't want to be a fly on the wall for that conversation eh?

And, no, you're not misreading that - Sprott's $PSLV added 1/3 of HOC's entire annual production of Silver to its vaults in just one day ...

This has been going on for a while - try finding Good Delivery 1,000oz Silver bars anywhere - they're all gone and this is why.

March delivery contracts kick in at the end of next week - a genuine popcorn moment.

You've gotta stop looking at $SLV as being meaningful of anything - if you've not been keeping up with events of the last month or so then perhaps you don't realise that a lot of money has been pulled from $SLV to go into Sprott's $PSLV which is actually backed by physical Silver, not the empty vaults that JPM allegedly are "custodians" of.

https://twitter.com/Sprott/status/1361817035240529921?s=20

For fun - 10oz Silver bars added at J M Bullion just now - they appear to be going at the rate of around one per minute.

https://www.jmbullion.com/silver/silver-bars/10-oz-silver-bars/

We won't know what this is for sure for a month or three IMO - yes, big paper smackdown today but Gold and Silver are both bouncing hard now - who knows ...

Afternoon - China sabre-rattling on restricting Rare Earth exports again.

BTC just breached $50k - I've got a huge pivot at $c52k - for all we know they've just dumped billions of BTC onto retail and dropped the PMs to funnel that cash into.

Keep an eye on that pair imo ...

This one caught my eye - Perth Mint shutting down for a couple of days right when the March deliveries of Silver have to be accounted for, they're thought to have bailed out CRIMEX this time last year when Silver started its $12 > $30 sprint ...

https://twitter.com/DesoGames/status/1361598321467531269

Morning.

Look like there's some pushing and shoving going on out there in the make believe world of Silver - half a buck spike in the early hours to c$28, back down and bouncing as I type - even the ultimate fantasy of $SLV is looking lively, that just put on 34c in an instant at 9am.

Another Silver ETF blinks in the face of massive Silver hoarding with the now standard narrative of "blame retail" ...

https://twitter.com/BullionStar/status/1361166307534770178?s=20

Morning.

117 Silver contracts delivered on Friday - 24% of all open interest ...

https://twitter.com/HiTicketBullion/status/1361172264536797185?s=20

Epic levels of Silver being traded in China in 2021:

https://twitter.com/TeminatorTrader/status/1360921315058847744?s=20

https://twitter.com/BullionStar/status/1360703958029905921?s=20

JPM (purposely) blinking/winking at Good Delivery inability/default possibility via an amended SLV prospectus IMO.

Fast spike up on Gold/Silver right now - presumably because of this?

*NY FED PURCHASES $12.801B IN TREASURY COUPONS

Filtering the noise is difficult as always but perhaps this is all you really need to know:

https://twitter.com/mike_maloney/status/1359965787394572294?s=20

Probably whales.

BTW - if you're in BTC then careful @ $52k IMO.

Here's JPM's "out" from $SLV BTW:

https://twitter.com/DriukasL/status/1359749041777741825?s=20

Here's JPM's "out" from $SLV BTW:

https://twitter.com/DriukasL/status/1359749041777741825?s=20

When they want to buy prices are "traded" down, same as PMs, period.