April - The Month of Dislocation5 Apr 2021 23:58
I'm very very excited this month to witness SLV avalanche and dislocate from the price of physical silver.
While retail investors make as much noise as possible the big silver whales are slowly buying larger stocks of physical silver and demanding delivery on pslv. They can keep dumping paper contracts on the market but nobody's buying them so expect the paper price to fall dramatically.
The bullion dealers are already buying silver off you for 25 bucks an ounce (daylight robbery) and selling for over 30 bucks an ounce. It doesn't take a genius to workout this spread is anticipating the next leg up.
On average at the moment the amount being requested for delivery is 4,200,000 ounces a day * 22 = 92,400,000 oz a month.
This implies April is a crisis month for the COMEX!
And with the Perth Mint defaulting , the COMEX is done.
Remember paper prices (SLV) can go to absolute zero. Then physical silver will be priced as per supply and demand.
Anyways thats my two ounce worth, happy to hear from fellow Alien Shareholders, the best junior miner and silver play on AIM imo