Member Info for riptonk

Gloria is Carlos - what a fing day when all the dregs came out the woodwork.

'We'?

does anybody need to say anything right now? You can go with the yacking hyenas or you can go with Biden signing off the biggest injection of money to halt this pandemic, and others, in history (nominally and real by a mind boggling distance). Wait.

Can't even buy a spread bet. Think we all know who has been robbed and by whom.

I was in at 8.5p but not remotely tempted to sell at this price. My target was 70p based on resource, demand and the stage that the business was thought to be at. The new information on how we are progressing and the interest we have here from different factions demonstrably alters the outlook. We are going to get to 70p, I'm more confident on that and we'll get there sooner. It looks more likely that we are building the capacity significantly bigger than I thought so 70p now would be a slice. Time to sit back and let some well qualified people do their thing for shareholders. There is no way I'm exiting mining shares this year - these are not normal times.

I bet you were feeling a bit nauseous this morning. Alka seltzer and close it buddy.

Hang tough people - this will have legs.

TWatcher - the attitude to the covid threat and the enthusiasm to take a vaccine depends on a range of factors. A test, less so.

Hang tough people - nice wedge forming here. One month and we should see moves.

Taking delivery of silver will have no effect? I think the guest was saying it was of little consequence in the grand scheme of things. I'm not sure anyone believes in the possibility of 'squeezing' but I and some others do believe that supply and demand will eventually do their thing. The guest dismissed arguments for rising silver prices saying people had been calling for it from the 80's. I would answer that by saying it is 2021. Green energy and it's demand did not exist in the 80's. Neither did the biggest spending since WW2. And I'll hand it back to the guest at 22.30 of the video as he explains how physical buying of silver has increased since 2019 with accompanying rise in price. It won't squeeze, it will rise.

Bonker - if you were referring to my 'out' then I was talking about their short position. This is definitely coming to a head. The market looks completely mad.

Well done Sot.
I think there are concerns here with prices because it is blatantly obvious to all just how broken this price system is. Silver prices do not reflect demand. The world ran out of supply at $27! How do we get to a free price which is the only sustainable policy when industrial demand remains high? The banks will have to find a way out so they will attempt to talk and walk the price down as they switch positions. To what level is anybody's guess but the cheaper it goes the better it will be for long holders. This will not necessarily bounce back hard because I can easily see the usual gangbang coming to the rescue by limiting retail buys and increasing margin requirements to control the rise. But rise it will because industry will pay. In time we will look at this and wonder how it was allowed that the resource we so badly need was neglected for so long because of financial manipulation removing incentives to find and mine. IMO the safest way to play this is long holdings of physical silver and miners. When I see clear signs that the banks are out I will attempt to buy etfs but I don't count on that remaining a possibility.

The world is very short of silver Sotolo.

The world is very short of silver. And my non delivery of physical last week has added to this feeling. Industrial demand can't be disguised or held back.

Spreadex were not allowing buys on a range of silver orientated ETF's at the start of the week. I don't know about today. This is just one aspect that flashes lights. I think the dam is feeling the strain. It would not surprise me if retail buys of physical were banned this year.

And if you can buy any Britannica's anywhere then buy them because it really is like getting something for nothing. It will take a while for people to realise/admit/accept their hard earned is nothing.

Right now a devaluating dollar is sending retail to silver. There are shortages now and I can't see how there could be a lift in demand that would enable delivery. Industrial demand will climb steeply and retail will stay high as crypto and other profits look for other obvious stores of wealth. I'm looking at this everyday and not coming up with any different answers. I just can't see how this price can continue. I see silver close to $100 certainly this year. Day to day SP changes are completely irrelevant here at the moment. Might be wrong but I really don't think so.

Makes no sense at 16.00.

Agree. Company needs to state AEs holding. Very simple stuff.

I see 50p here this year. I think there will be major macro issues playing out and an investment in potash might sound unsexy but will actually give great returns in a solid market.