Member Info for CaptainSwag

Lemon - I don't think they are pushing the miners down

They are pushing down silver and don't give a xxxx who it hurts. The miners are down because until we get some sort of detail on the new figures the market is just using the current silver price as a barometer in reference to previous costs etc.

Interesting comment made earlier. If Elon musk paid $120 plus for a huge amounts of silver - that tells you where this is going.

The thing is that by raising margin calls on a whim and playing silly sods with silver paper price - why on earth would anyone still want to go long with comex? In which case it is only going to get more disconnected from physical price .

Eventually what will be the use of it?

Just a pity we can't stop trading before us opens.

Gutting to see all the gains made evaporate and be down a chunk.

That is kind of you ..but no.not always right.

However in this case I think I will be proved right..lets see

All the best

Lucky - was that a long drawn out post to basically say i was right?

anyone investing in miners is going to do well - as the accounts come to take in a basic increase in silver price..

i think we all suspect silver price is only just beginning to find its value - there is going to be a lot more as the likes of jp morgan realise there is no stopping it and they will switch to going long.

they will go where they can make money -

"In short, imo anyone that buys silver miners now, is betting on the silver price to make soon new hight, as silver price and shares prices are moving exactly at the same pace."

Nope. The miners are undervalued considering the price they will have realised on silver last year.

If say they had cost of 30$ for an oz. At $40 they make $10 and 50$ they double..etc etc etc.

Anyone investing in silver miners is waiting for the results to start showing in the accounts.

Now I suspect almost all on here expect silver price to go up considerably.

We all know the big picture .. Existing Supply and demand short fall...more silver going to be needed eg renewables / ai / War / holding whilst paper currencies weaken etc etc

The fact that there was a huge deliberate manipulated crash shows the big boys know what is coming .

This month will have dramas - there are two key periods to watch out for.

Next month will be the true reckoning. Just need patience

Almost 85$ as I type.

Is going ti be a case of Asian markets raise silver price and then us knocks it down later?

As they start to get income from silver at higher prices - they will be making a ton of cash. I saw an interview with CEO of first majestic and he said he wished he could tell people how much cash was coming in.

So the share price will get back to highs and beyond with time.

I still belive that the majority of analysts who predict big prices for silver will be right.

Saying that I have two points in my diary for Feb where I think silver will be potentially hammered again

Haha...yes oke.

Fond memories of thinking that odx would be a game changer...

Yanks bashing silver again

Would that be jp morgan who were fined almost a billion for manipulating silver oriceva few years ago?

Lol

I think they will keep using the mechanisms that they used on Friday to knock the price down when they want to again in the future - until they face consequences.

Or something goes bust

80$ v 123$ according to google.

This is criminal ..lets be honest.

Currently 86.65

Looking better for tomorrow..fingers crossed

I saw two contrasting videos from the same looking ai guy on twitter I think one was a copy of the guy with the opposite message to show s revrrsal to scare people . Neat trick to panic people.

Who is behind it and why is a good question...silver fanatic or someone trying to manipulate the market?

Personally I think there is s war going on with solver being used as a weapon. I would not be surprised if the Chinese are if not behind it certainly encouraging it. Silver action seems as much strategic as anything else.

The fundamentals haven't changed. Silver is in demand and not enough is produced . Renewables and ai and military demands as well as a supposedly safe haven for investors etc

A disconnect between paper and physical that us being exposed and manipulated . One gets the feeling that changes will occur that are going to make it so that silver is never the same.

I think paper is fighting for its life and will continual to try and put the brakes on . The rules will be changed as we go along to support it and the financial institutions. However I think physical will win. The danger is that paper loses complete credibility and this sends shock waves thoughout thr markets. The manipulation has been known about for years but now a lot of people who didn't know are seeing the evidence.

As for trillions being lost. Yes those dealing in paper lost if they had to or chose to sell. Eg margin calls etc

Pi in solver mines or holding physical haven't lost if they didn't sell.

I have listened to numerous silver experts and 90% say silver is going much much higher. I agree

I expect February to beach rough rough ride. Unfortunately timing is on the paper side with certain events. However March will be a different ball game. This will also coincide with fees trading update. Where hopefully we should see the effect of silver prices . Even the current 78p future price is a massive profit making

Just my rambling thoughts.

Good posts lemon and strike.

Fridays crash looks like a last ditch attempt to supress the silver price. Bring it down and scare people with the volatility so that they think twice about buying.

Thing is if shanghai opens on Monday and doesn't flinch and keeps the physical price as it was then things just got a whole lot worse for any positions that weren't closed in this manipulation.

There is no way silver should crash almost 32% in one session after a pasting the previous day as well.it shows where the real fear is.

They chose the Friday as shanghai was closed and so people have a weekend to sweat. Only if you believe in the big picture of a silver war / disconnect between paper and physical / not enough silver / loss of trust in paper / loss of trust in dollars / loss of trust in the markets.

Then there is nothing to worry about . Will all be corected

As the pocsster says.. People running out of places to buy physically yet they just discounted by a third?

"Did PortfolioPower and CaptainC0ckwash run out of credits at the internet cafe?"

No it was a Friday and some of us have a life and are not grounded in our mother's basement for acting like a keyboard warrior on the internet and getting a visit from pc plod over mean tweets to the other kids at school.

I am 100% sure face to face you wouldn't say boo to a goose...

I said the Perth mint was going to suspend selling last night.

That should have had a positive effect on the spot price - confirming what many of us have been saying on here regarding physical silver unable to meet paper silver.

They have hammered this down today. How can you have gold down 6% again in s day..it is supposed to be a stable safe haven ffs.

Thing is if they haven't killed it..it is going to come back with a vengeance.

Good to see fres behaving more in sync with hoc today..bodes well on any recovery.

I suspect it has given time for the big boys to enter the fun in silver and miners

Realistically fres will do very well at 94$ and will lift off towards March update

100$ broken. Ffs.

Lets see if it is indeed a support

So perth mint and metalor not taking any more new orders.

All adds to the silver price. They tried to hit it today and it is already bouncing back ..currently $116

Now wtf MMs doing with fres another matter. But again I think the silver price will eventually overcome their attempts . Not sure why fees in particular seems to be suffering compared to the other miners

Don't worry lemon - I suspect you will have more chances. They clearly want to hammer fres down.

Silver climbed up to -3.4 % and yet we are 7% down...hoc down only 2% and endeavour back to 0.

Realy dusgusting how they get away with it.

Market will close and even if silver rockets back up tmrw we will be massively down..ffs