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Carvegyber, many thanks for the link of MSCI that you posted a few days ago. It explains the insane trend of Fres vs PMs .
Especially second part of interview in my opinion.
Here is link to the first part of the interview
https://m.youtube.com/watch?v=wVa5YI81B1c
Not only there is a disconnect between Fres and Gold and Silver, Fres likely due to shorting of Fres,
but there is also the manipulation of Gold and silver
https://www.silverdoctors.com/gold/gold-news/bullion-bank-pump-n-dump/
Where would we be in a market without PM manipulation and Fres Shorting ?
Carvegyber, the problem is that there is a serious disconnect with the price of gold / silver and Fres. This is likely due to to a combination of low volume as you pointed out in the past and Fres being shorted. You can also see that when some clowns fill the board with messages the shorting operation is in full swing
in March price of Gold reached the lows of $1680 and silver $23.85 Fres around then reach the lowest point of 857
Today price of Gold $1825 and silver around $27 Fres is sitting at 868
Can anyone give any logical explanation ?
Is this share totally independent from PM ?
I am interested to hear your views on the reaction to the CPLie numbers (real inflation is much higher than the one show by those meaningless number). Apart from that:
Higher CPI = Higher inflation = Higher Treasury yields = Should be higher commodities but given the recent silly trend lower commodities or higher commodities as it should be ? = Fres down independently for what ever reason
Low or equal CPI numbers = not higher inflation = Treasury yields drop = Higher commodities = Fres down independently for what ever reason
At end of the day a company with the best hedge against inflation ended up loosing more ground than some of the overinflated stocks in the Nasdaq.
This comes after a previous 15% drop in share price that followed a neutral update and a subsequent partial recovery of the share price.
Eventually investing in here should be rewarding, but at times is incredibly frustrating
We are experiencing moments of madness, people are selling one of the few things that is store of value during high inflation. Just before a report of CPI tomorrow that it will likely show that there is high inflation. Surely this should be the time to dump the overly leveraged Fangs and other sh.t. but retaining the mining companies that dig out the ground real money...
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.