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It’s difficult to provide useful opinion from ‘outside’ and I may be clutching at straws, but perhaps NANO should select and concentrate on an area it considers it can add unique value to, for example, sensors within military applications for FPV drones and missiles?

And the more COMEX raises margins, the more it looks like a metal exchange and the less it looks like a futures market. Looking forward to its new role as a metal exchange.

It seems entirely possible that the paper market will fail this year and settle in cash, and possibly as early as the March delivery?

This is market manipulation at major bank and governmental level. Would love to see them in jail but I’m not sure any of us has that level of influence. Best chance is hope for the paper market to blow up. If miners did refuse to sell to CRIMEX unless at $150 an oz or above that might be a good start.

Hard hats required today. Silver is down by up to 14% after hours. Why and on what news? Nothing fishy there 🤣. Stay long in my view but it will be a bumpy ride.

Pretty sure they want everyone in Retail to lose interest in Gold and Silver, so the Western Banks can buy and close the gap on BRIC countries reserves. Once again, we shall pay for the greed and incompetence of our Banks.

“the regulators will get right on it 😏“

lol: none of us should risk holding their breath of course. This has potential to destroy confidence in the markets entirely and not just PM. Perhaps China will offer an alternative that is more trustworthy?

@Lemontree. They probably fined the wrong people and concealed the story around the true criminals. It is not really a surprise that gold and silver are not by themselves treated as regulated financial instruments by the FCA. We really do move from one car crash to another in terms of (ineffective) UK regulation.

The huge Derivatives market is likely the source of the next round of carnage, which the public rather than Bankers will be asked to foot the bill for?

Yes. Manufacturers of products that include silver won’t stop production of their car, solar panel or whatever, as long as a market remains. They will keep buying and increase prices (by small margins) for as long as their products continue to sell.

I tend to agree with that sentiment Portfolio Power and I am not selling and physical or miner stock, at least for the moment. Nothing has changed in terms of supply and demand. Given that silver has risen from just $32 last Spring another pull back is to be expected.

One important indicator is that Asia values the metal far higher, so why believe the Western crooks who have manipulated both Gold and Silver for 50 years so as to protect their preferred FIAT fantasy.

Personally, I don’t see anything to prevent the upward march continuing in February, although as the likes of Clive Thompson, Maneco and Rule tell us, expect further drops along the way.

My guess is that Banks have the ability to determine the direction of each market move and so make money on the way up and the way down, clearing their shorts and losses in the process. Given that paper contracts exceed the physical by a factor of hundreds this could be with us for quite some time but it’s probably not clever to attempt to trade it?

I really did not expect Silver futures to be closing in on $120 this quickly and to be honest I would have preferred a slower but equally dramatic rise because it should be more sustainable. Having said that it is good to see price discovery emerging based on the real thing and not the paper contract litter that governments have for so long pushed to suppress its value in support of FIAT.

It really should be a fantastic day ahead for miners based on futures prices but as with current affairs we can’t be certain (even when all indicators are positive).

And, worth reminding ourselves it is the World’s largest Silver miner too. Well placed for further acquisitions.

It’s going up for different reasons to RR of course but it’s certainly setting the heather on fire ATM. However the growth in stock price of miners should be far ahead of the silver price but so far they are pretty much all well behind the value that additional profits will deliver. Worth holding and/or buying I would say.

Uurgh…😕

What a shame for everyone that has held on for so long. We were robbed there’s no doubt but successive management have also been inept and led us all on a merry dance.

There could be a niche market for NANO, who knows, but they have yet to commercialise anything other than CareWare, which I suspect has since gone by the wayside?

Precious metals for making money at the moment good people.

If it is of any consolation, I made a very similar mistake in selling Rolls Royce far too early😆

Win some lose some, although I would of course much prefer to win them all.

The UK stock market slow walks silver miner share prices in the face of record future prices. There is no sense in it other than that some parties must surely be exerting influence in a number of ways?

I have a feeling today’s dip will be rather short lived.

Bankers are finding ways to limit miner share growth so they can get in on it and reduce the upward pressure on the silver price (in the Western world that is). But when they are all in and shorts closed their influence will act in favour of all precious metals miners, instead of against.

Can’t beat some diversification, with substantial reserves and in a secure jurisdiction.

If it were postponed, I suspect it would be quite some time before being able to deliver similar value at relaunch?