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DN I was reading this morning an article about COVID19 and it was stated that the Indian Variant might be dodging vaccine protections, contributing to the country's explosive outbreak, the World Health Organization's chief scientist has said. If that is true the 3rd Lockdown will happen sooner than what we thing, especially if government will allow things to go back to normal.

Fres down ? The experts have been saying for long time that silver is one of the best hedge against inflation. Ounce again are we mining silver or are we producing vegetables here ?

a few weeks ago with gold at around 1700 and silver at around 25 Fres was at the same level as now... with gold over 1800 and silver over 27 draw your conclusion what should be a fair valuation of Fres ...

Perma.bear,

Thanks for your words. Like Carvegyber today I will buy my 100 ounces of silver so make it 99,998 to go. In the last two weeks we went with Fres from 965 to 820 this morning, on my book that is 15% loss in two weeks without a bad piece of news. This means we had more loss in Fres in the last two weeks that Nomura and Credit suisse following the archegos multibillions loss...

I feel I need to do something that stops this silver manipulation....

Carvegyber,
sorry for the naïve question. How do you buy the PLSV on line ? Do you buy through your stock broker ?
Cheers

This piece of news is not at the start of this interesting video stating the obvious for a lot of us here, but a few minutes from the start.

https://goldsilver.com/blog/cnbc-forget-gold-buy-silver-mike-maloney-reacts/

Perma.bear,

I started investing here around 1 month ago, so I did not experience before large drops of Fres following quarterly repots. I was very surprised as the current RNS is pretty neutral. A Couple of weeks if I recall correctly Fres got around 965 briefly today the MMs took it down to 848 that makes around 12% loss without a bad pice of news. By the way even when gold reached 1668 and silver around $24.00 Fres was higher than today.
Surely the current valuation of Fres is cacca as the say in my home country.

Left the house this morning, and I was please with what I read on the rns , surely this has turn around ?!?!

I am looking at the other gold / silver mining shares. Cey is down, POG is down, Hoc is up slightly for a hint of positive news that is affecting that particular share. This general lowering down of the gold silver mining stock could be due to the Feds shenanigan's the day before they share with us their view of the US economy. Fres is lowered a bit more simply
for the fear of Q1 report. If I am not mistaken is this not the usual trend of Fres before a report update lately ???

https://www.zerohedge.com/news/2021-04-25/cftc-silver-price-tamp-down-tactics-2021

Silverspoons thanks for the explanation.
Who knows in this time of changes, where almost everything is challenged at the same time, we might even get to the bottom on how much actual silver is left in Comex / LBMA.

Silverspoons,

"Ever considered the concept of Schrodinger's warehouse?" Are you referring to the Schrodinger's cat that apparently illustrates a paradox of quantum superposition in quantum mechanics ? if so, please enlighten me as unfortunately I have not studied that part of physics during my education.

Silverspoons, I take your point but a silver squeeze at this point of the game is very relevant.
Basel III will be in play on the 28th of June. See article below

https://www.investing.com/analysis/basel-iii-could-be-golds-best-friend-200562335

https://goldsilver.com/blog/silver-return-of-the-short-squeeze/

Buggerthebanks,

many thanks for the tip !

Carvegyber,

I will personally buy 100oz of silver coins, probably Britannia on Friday Afternoon . They would cost £3000 with VAT at current price, So yes I will make a loss of 20% on VAT straightaway and yes I will make additional loss to the Bullion by Post Margin. However, personally one of the things that annoys me the most in the world is the silver market manipulation as it has gone unpunished for decades and has affected my finance . I would be willing to chip in to see legalized criminal organizations such Crimex and LBMA to loose their grip on the blatant manipulation.

https://goldsilver.com/blog/silver-return-of-the-short-squeeze/

gold dropped from 1795 to 1778 and also silver dropped but Fres went up to 909. I have now confirmation that Fres is not a miner but a large farming corporation selling vegetables...

Both Gold and silver are trending upwards fast and Fres is barely moving. I thought that Fres is a miner of Gold and Silver, did I get this wrong ? Is Fres actually a producer of potatoes and tomatoes ?

No surprise today, that is so difficult to buy at this artificially lowered evaluation