Member Info for ducatiman996r

Pan climbing steadily overnight so had hoped with silver pushing towards $80 that Fres might have opened a bit more positively. It is getting left way behind of the PM price recovery, unlike many others out there so it needs to get a move on soon otherwise it will get overlooked in favour of those doing better.

Was this announced after the US markets closed? It hasn't changed the Pan SP much in either direction.

@strike123

Did you see what happened after a very good Q4 report? Everything good, increased profits, price went up about 10% but dropped back to end up below the average miners upside for the session.

On the other hand Hycroft announced an increase in resources and went up 30%, ending the session up 21%.

I have no idea what Fres might be able to offer that will give us a good leg up next month.

WOOOOOOHOOOOOOO

Involved whether or not the news is good. There is an online presentation this afternoon that I will tune in to see.

Good to see a bit of upward movement today in the silver and gold prices.

@Strike123 I know we aren't supposed to talk about other shares but in general I dread news updates as they invariably knock the SP of the company involv

As expected we are seeing quite big moves based on small levels of silver trading while the Chinese are on holiday. We'll that is likely to be part of it.

Looking deeper into the mountains of hype telling us that we are going to see massive upswing in price of silver and miners I'm not so sure that it is going to be just a couple of months before we see that.

The big story is that Comex has a fraction of the silver needed to cover current contracts if they all stand for delivery. No doubt there is a shortage which is not going away but it seems increasingly likely that industrial users will go direct to miners to buy, circumnavigating Comex. We see that the changes up and down in the Comex price is what influences the miners prices, somehow the miners need to get in step with the actual value of the metal rather than a manipulated price.

Whether you believe that the silver price is manipulated fraudulently or within the sketchy rules and regulations of the industry it is without doubt manipulation. Margin hikes are only put in place to suppress the market volatility and push prices down. Who was involved in making those decisions is pure conjecture but it is pretty apparent that some had a fairly good idea where to offload short positions 🤔

Getting back to the shortage it is down to a small percentage of the vault holdings being "deliverable", if the banks did make a deal with Comex that included them using some of the physical silver they have been accumulating to avoid the squeeze I wouldn't be surprised.

In the meantime they will want to keep the price down in case they have to settle some contracts in cash, some will probably roll over but what will be interesting is if, as has been the case in recent months, an unusually large number of contracts stand for delivery.

I'm cautiously optimistic that anyone with patience will be rewarded but don't believe we will see massive upside moves in the near term.

A few of the US miners in my PF have just had massive share dumps at the open of the market there at 2.30pm our time.

Silver looks set to break support again so where too next?

It seems a bit strange that companies would release their Q4 results during the Chinese New year market closure. I appreciate that the Q4 numbers are what they are but announcing them during a period when the silver price is getting knocked down by small trading volume can't surely be the best way to boost investor confidence?

The other thing I was mulling over recently is how long will Comex, working in collusion with big banks, to manipulate the silver price be allowed to continue?

The US government along with those in other countries have listed silver as a critical mineral so will they put something else in place to more rationally price the metal?

I think there will be an investigation into what has been going on as in effect many retail investors have been robbed by the margin hike led price crashes.

I dread these updates, the news on one of the UK miners that Blackrock is holding a good chunk of shares pushed it up a few %. That one was hardly affected by the silver price smashdown.

I've got a good bit in both Hecla and Pan, hope the news is good.

I've been going through a list of the various miners out there and this one is showing the best recovery from the silver price smash down that I can see.

News that Blackrock have a good amount suggests that it is going places.

Best of luck to all who have shares.

Trust no-one is one adage, another is trust in God.

I guess the main thing is to trust your own analysis of what is going on from all the conflicting information out there.

One thing to understand is that commodities such as silver are different to trading shares in a company. In the latter case there is at any given time a known number of shares in existence. That doesn't change in the blink of an eye without warning. For a buyer to purchase a share someone who holds shares first has to sell. In the case of commodities it is entirely different.

I've been looking at the IG Index weekend markets thing this evening and according to that the crypto has taken another bashing since Friday so goodness knows what is going to happen to the PM prices at open tonight.

@strike123

The comment was a reference to a well known one made by Dell Boy in an episode of Only Fools and Horses. My overall miners portfolio is only half the figure that you used in your calculation.

I've already commented on the likelihood of a drop in SP when the RNS is released. By then the price of precious metals will hopefully have risen.

I'm pretty sure that Comex will be working with certain banks to suppress the price but eventually supply shortages will be the driving factor.

Some out there still believe that the massive dip in January was normal selling and not a contrived forced liquidity cascade that cleared out the retail customers who couldn't afford the increased margins imposed by CME. I believe it was entirely contrived and unlikely to be the last twist in this story.

As JP Morgan dumped a lot of short positions at the bottom of the dip I wonder if the deal was that they would buy up shed loads of silver at the low price with an agreement to bail out Comex with metal when the squeeze comes shortly? They've worked together in past to manipulate the prices so wouldn't put it past them to do it again.

I've been wondering whether smashing the price down was a bit if a double edged sword? It knocked out those who couldn't absorb the additional leverage but presented a perfect opportunity for those who could to "back up the truck", thereby depleting reserves even faster?

We hear from people who are monitoring the daily and weekly delivery demands that the draw down on stocks is at an alarming and never before seen level.

Something has to give and over the next few weeks the volatility will be a scalpers paradise!

Whatever happens when we come out the other end they still won't be able to print silver, as they can paper contracts end the only place it will be coming from is the miners.

I have no silver, just a boat load of PM miners.

I heard an interesting comment regarding the selling of bullion. Apparently when silver hit 120 people were being offered well under spot by bullion dealers. You also have to store it and take it physically to the dealer. All I have to do is decide what price I want to sell my shares and press the sell button. I realise that there is a spread between the buy and sell price but you know what that is.

Hopefully the SP will rise on good news but people should be aware that often as not it knocks the SP in the short term.

One instance I well recall is when Desire Petroleum announced they had hit oil in the Falklands. There were a few new millionaires caused by the price rise after that! I 😊👍

This time next year we will be miwyonaires Rodney!! 😊👍

If you look on YouTube you can find videos that will tell you any number of theories on where we go next with the silver price. Some say it will drop like a stone, which some posters here, with no skin in the game, would be more than happy to see, others that it will reach crazy levels like $1,000.

I have set up my own position based on my belief that it will rise significantly from the current price, based on the information I have seen and considered.

Time will tell the full story.

Cracking day on the miners today! With this one, Pan American and Hycroft all making good rises.

@Strike123

Can't believe it! I'm ball deep in both of those but better still is one that starts hyc which is up over 13% !

All on a fairly tame rise in silver price.

Fantastic day and to top it off had a bit of fun scalping the gold on IG Index.

The worrying thing about the current PM prices is that when something such as interest rate changes or worrying data in general comes out people often as not shift from shares to gold as a safe haven.

What we are currently seeing is gold being pulled down with the rest of the markets. Is this just gong to be a few days of "correction" followed by a levelling off and return to positivity?

With the amount of toxic debt being quietly sold and repackaged we could be in for a real crash again. The banks aren't doing well

If that happens demand for raw materials decreases as companies sell less products.

As far as more expensive silver being a serious problem to the manufacturers of solar panels the tiny amount actually used per panel would not have a massive effect on the unit production cost so hopefully they won't find an alternative any time soon.