Silver Is On A Tear Today

Were you expecting some big-enough-to-make-the-news institutions to be caught short?

 

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I've never played currency options. I've got to figure (assume) premiums on long term puts are extremely steep. What time frame are you speaking of? Is there even a quoted market for that available to retail investors? I'm curious.

 

I haven't explored it but I will since I brought it up. I'm sure there are ways to play it.

You can always short DX, though I'm not a fan of shorting in general. Or just go long a stock or bond mutual fund (they even have currency ETFs and MFs) that invests in overseas assets and doesn't hedge.

 

Well, if you listen to some of the Gold & Silver Bugs who are into conspiracies, then what happened to these huge, "illegal" mega-short positions that they are always accusing the banks and others of having ?

Where are the bodies ?

I haven't seen or heard of any. My guess is...anybody long or short who saw the price move against them is either a SWF, a CB, a billionaire, or someone else who (without leverage involved) can withstand the losses, if they happened.

 

Excellent points, TC.

For starters, even if they are right, the time frame could render their "correct" analysis a waste. It took 30 years for the Socialist policies of Greece to wreck their currency and economy and that was a 3rd rate tourist-driven economy. It will take much longer to disjoin the planet's global reserve financial powerhouse.

I saw an analysis which said that if AI is as transformative as some thing it is (closer to electricity and not the Internet @ 2000)...you could add 1% to real and nominal GDP growth which over 20-30 years takes care of your deficits AND knocks down the debt, too.

 

We're not in normal times. While everyone's focused on buying physical (which I don't blame them) the mining stocks are still being overlooked. As PMs continue to climb rapidly, they don't realize the gains immediately. Once their new earnings reports are released in coming months, have a feeling jaws are going to drop. Like silver they've been flat for a long time but they're already spiking. Peter Schiff was telling people on his podcast how cheap Barrack gold was at $17/share a few months ago and it's at $51 today. AEM $60 a couple months ago now $214. Hecla was $4.45 last year. Now $31.81 and moving straight up. People love 2x gains on their PMs but are missing the 3x to 8x gains in the miners. First Majestic already up 5x. Some people are obviously aware but how many haven't even thought about these guys yet? If PMs stop climbing and just maintain within 20% either way of where they currently are, these places are going to be rolling in cash. Add to this their fuel expenses are relatively cheap.

I have no affiliations with them and am no expert myself but any of them could be launching to new highs we've never seen before. Invest at your own risk but I'm getting on board this train.

 

He's been touting mining stocks for DECADES....he's a perma-bull....which is OK, but not the right move for most investors who can't live with the volatility he can.

Mining stocks have destroyed so much value in the past. Let's see if they just pay dividends and buy back stock so that one's capital is returned in 10 years or so. They need to get religion like the energy stocks.

Grab a hand rail for when the train stops short and everybody gets thrown.

 

As of yesterday morning when I checked:

China/SGE/SFE ($111) > India/MCX(less 6% import tax $108) >> LBMA/spot ($103) > COMEX Jan26 ($102)

Until LBMA closes the gap on the China/India premium, I expect silver to continue flying.

 

Well, duh. They (the conspirators, you know, "Them") made the bodies disappear. Probably used HAARP to beam them into the stratosphere so the Greys could haul them away.

 

UDN is an ETF that is a non-leveraged inverse play on the dollar.

https://www.invesco.com/us-rest/contentdetail?contentId=36b8e01e98630410VgnVCM10000046f1bf0aRCRD

It's been a loser long-term, but I guess you have to be in it to win it.

 

A couple of conspiracy videos I've seen predicted the effickning wasn't on schedule until mid February, some sort of administrative banking regulations major witching hour is occurring then where the lack of ability to deliver physical silver was going to cause havoc and destruction. I'm not saying I believe in any of that, but that prediction is out there.

 

So they're now pushing it out several weeks. For a while there it was "this coming Friday!!! Okay, next coming Friday!!!1!"

 

If silver drops back to $50 they should still be nearly double as profitable as they were last year. I'd expect $200 this year before $50. Maybe we've already missed the boat on these. Or it's just getting started. I guess I gotta find out the hard way.

 

I watched a lot of videos. It was interesting. The first one I saw came out before New Years Eve. It predicted a price spike the following week, predicted 100 dollar silver in mid-January. Those two things have happened. The witching hour however was to occur mid February, saying prices could spike to several hundred dollars. That part was attributed to some banking regulation that got triggered when silver hit the mid 80's, something about having to be able to physically deliver. The video is somewhere in this subforum. Not saying it's true, just saying.

 

Well JP Morgan was one of them. They're obviously too big to fail but the news came out Dec. 11th that they sold their entire 200 million oz short position and flipped to long buying 750 million oz worth. I don't know how many other large banks are capable of these moves but they spoke with their money what they think the future holds. I'm not sure what point you're trying to make.

 

That sounds like exactly the same claim that was being posted here multiple times in December - except I think it was silver hitting the 60s then that was the magic trigger. It seems like the magic trigger is always something just around the corner.

 

You never heard of the "un-dead?"

 

Here is a similar video that echoes what I just posted. This video timestamp is late December. It reiterates February is a witching hour because, reporting last quarter is revealed. That's when things could hit the fan. "Could". So far everything in this video has come to fruition. Interesting watch.