Member Info for carvegyber

3q, so true. They are one big snake. Backed by the big slithery thing in the swamp called the white house.

So, it doesn't look like the silver squeeze has ended just yet. The banks may have tried to wield their monkey hammer to slap silver down but the cat is already out of the bag. The whole world has now caught onto the silver story. The awareness in the retail customer base has just increased 10x at least. This is people power. Just bought $1000 of PSLV to go with my SLV.

Whatever it is, be it silver squeeze round 2 or FY results in march, we only have 5-6 weeks to go to see. Meanwhile, I will be buying some PSLV.

fat profits, what potential pipeline success have they got?

Also his analysis of the physical silver market ties up with mine on the unallocated and also month consumption and supply.

I would love to verify what the people who use silver like samsung and PV panel makers are paying.

BTB, thanks very much for that. Seems plausible and I have to say, I will look at your recommendations of PSLV more closely. See how it works and possibly stick money into that.

I see he brings into question SLV. It is possible but even he has no direct conclusion to back it up. Just a possibility due to the custodian link. If JPM does have the practice of reallocating bars in SLV's possession, they could blow up big time but considering that they are now long silver and they have a good overview of the silver market, I doubt they would take this risk to be exposing themselves to a run that they cannot back. The bars in SLV have their serial numbers recorded and are audited twice a year. As to whether those same bars can be leased out and sold on, technically yes but when those contracts are called upon to be delivered, there would be an almighty lawsuit and liability case.

I have to say the scale of silver buying worldwide has been astounding and he is right. Who is going to sell at $27? Is the end game coming?

He is right. We will be reporting profit increase of 100%+ in march and so will dozens of other producers.....

There is strong support around $26. Beyond that next big point is $22. Resistance is at $28 and the big one at $30. Beyond that I think we are all clear to $45.

You guys know I am a bit of trader aside my core holding. Do you think the price can fall back to 1200 as in March when factories and people were locked in their homes? At this level, and looking at the potential upside, risk reward seems to make sense.

Here is the latest SLV holding in the US:
Ounces in Trust
as of Feb 02, 2021
677,347,137.80

Yesterday I posted that it was 620m Oz the day before. 110m oz has been added since Thur last week. There is a liquidity of 150m Oz in the Bullions bank world world wide. Monthly global production and consumption is balanced at around 80m Oz a month.

I will let you draw your own conclusions on the effects, but on my side, I will be quietly tucking them away at this price despite the threat of the monkey because I feel something is going to happen soon.

Bear, last week you were saying we were clueless in buying from the back of a neutral RNS and Fres dropped 13%. On the back of your advice I bought £30k worth of Fres and made £7k out of in a matter of a few days. Luckily I was clueless?

Looks like my prediction of $30 resistance being broken was wide of the mark. The reddit crew psy op put paid to that.

I am still very grateful for this little episode and I hope you chaps made money out of it. I certainly did. It also allowed me to trim my silver position to what it currently is and I am keeping my toes in. I honestly do hope that this episode has woken people up to the potential of silver and start buying some to hold in the face of debasement.

Right now, I am going back to watching and seeing how PM's story will play out in 2021 and of course Fres too. I am pretty confident that with full year results this will be 1300s if PMs dont cave.

3q spot on. They found it fun but now don't have an exit strategy. Hedge funds can now not lose because you can't pump it up forever.

With silver, it is totally a different scenario. Silver is money. More than money is money. Also the way the market work is different. In many ways, this is a much safer market to short squeeze because when you hold silver, you can't go bust. Just suck liquidity out. If you want to do that, don't just speculate but just pump a little money into SLV or buy some silver bullions. Couple of hundred quid would do.

Who cares about conspiracy theories and psy ops?! It is irrelevant to our mission and objectives. Bullion sellers up and down the world have run out of stock. The point is GME's episode and subsequent Reddit attention have caused a massive uptake of silver. The redditers are not the buying physical sort of crowd and not the ones that would buy bullions. Point is, they have woken the whole world up and silver is a small market when you consider how much liquidity has been sucked out by SLV alone! Other people have taken up the cause judging by Asia's response on sunday night.

The juggernaut is in motion. If it benefits Melvin, so what! Those people who bought bullions over the weekend, are they going to sell tomorrow? Is it over? Maybe and may be vulnerable to shorting but just in case, I am still long and strong at silver $27.60. My 2021 target is $35-45

Yes, that was a brilliant roll at lower rate. The capex that needed to be spent has mostly been spent so largely irrelevant now. This coming up report will be big. Our net profit jump could be 100% over 2019!

Yes this will effectively be debt free and we will be sitting on a large cash pile. The divi next year would be massive but I trust they will offset that by writing down profit with huge expenses to keep reported profits down.

A good divi would be attractive to new investors though. Many gold miners have reported special divis due to the high gold price.

Ken Yes, H2 is a very strong half. The Silver price recovered very strongly. It pretty much ties up with my estimation so yes, we are currently way undervalued. With that kind of numbers, we should be above 1350p SP. I just hope BTB's monkey hammer doesn't B slap the gold and silver price in the mean time.

I promised to update slv holding. It is now 620m oz. Another increase of 19m from Friday's 34m. 53m is 1/3 of bullion bank available holdings. This slack is needed for smooth exchange operations and if this slack is entirely taken up, then there would be zero liquidity and the market would be entirely dependent on the miners and recyclers. We are actually not far off tipping the scale. I am going to keep some bets on just in case

Btb, in case you haven't noticed, the silver bull run has already started. You keep mentioning currency debasemenr and that has well and truky started too. Is silver as a monetary hedge undervalued? A big yes at ratio of 70. Is gold undervalued? Big yes when you factor in inflation and that there is now 25% more usd. The mania might have calmed down but could it have woken up the whole world about silver and gold? I hope so. Let's wait and see

Round 2 for today. I think the silver bulls have bedded in now. I think we will be poised for clearing $30 by tomorrow.

Remember, silver bull runs are riddled with big head fakes and weak hands will fall off. It is how silver works throughout history. The touch paper has been lit and because this story has gone big, I believe we don't need the Reddit crew anymore. Thousands of investors are just buying a tiny bit just in case and that all adds up to enough to expose the naked trades. As they are being covered, it drives the price up more.

If you haven't watched the youtube video yet, watch it. LBMA has no liquidity silver and then they struggle to deliver physical bars, contracts will start to be settled in cash and that would just signal the next big leg up. If you haven't bought a few hundred dollars worth of SLV yet, I urge you to do so to push it along. I have done 3 buy in the last 2 days. It all adds up. I have 100 oz of silver to my name now.

iShares Silver Trust. World's biggest physical silver fund now holding 601m oz as of friday. I will see what this is end of today and report back.

Relax......Might be over for Fres today but far from being over for SLV. I expect $30 to be taken out convincingly if not by tonight, tomorrow or day after at the latest. Silver is a much bigger market than GME or AMC but there are also a lot more buyers worldwide.

This will take around 3 weeks to play out.

Make sure you buy silver miners that haven't hedge their sales like FRES.