Member Info for bonker99

The largest inflow of money into Silver - EVER:

https://twitter.com/DrMePhD/status/1357650996718141440?s=20

TR1 - new 5% holding by RWC Asset Management LLP this week.

https://goldsilver.com/blog/the-two-largest-sources-of-industrial-demand-for-silver-are-about-to-explode-higher/

Nice!

Whoops! Big payroll miss:

https://twitter.com/zerohedge/status/1357682967708057601?s=20

Atkinsons not taking orders at all now ...

https://twitter.com/bonker_99/status/1357607898461962240?s=20

Morning.

Gold back at $1,809 as I type and Silver back at $26.7 - I guess this isn't over yet.

$26!

I'm expecting them to break $16 Silver but if they can't then the boom may be much closer than I thought it would be.

I'm going to assume that you're playing the not-really-dumb-just-dry-humour card :)

Pre-Basel III - Dollar up to increase purchasing power of physical Gold/Silver

Post-Basel III - Negative US rates, Dollar dumped, Gold/Silver through the roof

#Silver rationing ahoy

https://twitter.com/Scouting4Gold/status/1357326654549487616?s=20

Hey :)

That's all good but remember that deflation is the real killer for these guys, that really is the ballgame so the BoE's shout today of an (artificial ...) "inflation spike" is right on cue :)

When Silver inevitably (IMO) flies then that will make all the stuff you've mentioned below more expensive so that'll help boost inflation - it will also mean that the uber tons of physical Silver that JPM and co have hoarded whilst dumping the price with paper will be worth net tens, if not hundreds, of billions of Dollars of profit to them when they stop with the paper manipulation.

IIRC, Basel III means they have to own 85% of the physical to back any derivatives once that kicks in so there's your starting pistol - of course, everyone else knows this and will be lining up their dry powder for Gold/Silver for as long as these low prices persist. Again, IIRC, the date for Basel III requirements was supposed to be sometime this year (June?) but there's talk of that having been put out to January 2023 but that may well be a false flag to stop retail piling in of course as they know most PIs can't hold anything for more than five minutes and we've just cleared the brokers out of everything in just a week ...

So, one final pump for the Dollar so their physical Gold/Silver buying power is strengthened ahead of them also announcing -ve rates in the US for the triple-whammy and then it's going to be quite something ...

Recognise though that this will be the last pump of the Dollar IMO so a hit on PMs short-term.

We all know there's no "if" here, it's when.

Keep stacking that Silver ...

https://twitter.com/Daniel_March3/status/1356823041129422848?s=20

Morning.

The merest sniff of a physical delivery default and Silver could double in a week.

The US Mint announced they're now rationing supply of Silver coins - you have to think they're pulling the drawbridge up ...

"In total, SLV claims to have added 3415 tonnes of silver since last Thursday, which just happened to be lying around in the SLV sub-custodian vault of Brinks in Park Royal, London. This 3415 tonnes is 14% of annual mine supply and 10% of all the silver the LBMA says is in London"

I couldn't stop laughing - man oh man, when this goes off it's going to be special ...

:)

It's Silver - kerazy volatility is the norm :)

Yup - one of the 25x 2021 Silver Britannia stacks I picked up on Saturday morning is still +10% of what I paid at the current CRIMEX Silver "price" - nervous dealers I suspect ...