Silver Spot $24, Supplies Down, What Gives?

Welp, I got my order through. I found a different link to the website that had inventory available, albeit 20 days delay on shipping...

 

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It's not "manipulation" because it's a rule change that can be implemented at any time.

It also PROTECTS small investors.

We saw this with GME.

 

That was clearly 1 buyer trying to corner the market, not a volatile market being bought by tens of thousands of investors.

 

Yeah but the Hedge funds do the same to the small investors. It's a dog eat dog world

 

That's a smart play, I've been buying more graded coins, but I did just luck into a roll of Standing Liberty quarters all with readable dates, a few look to be F or VF, for $199 plus $3.85 shipping. Melt value today is $180.68, but they're worth about $6-10 each, a bit more for the 26 and 27 D&S ones and the ones in better shape.

 

Bad example that was protecting the houses who couldn't cover and one really stubborn hedge

But yes with metals it would also protect the buyer as FARRRR more money is involved and a coordinated selling would wipe them out if it was allowed

 

Hedge funds and small investors rarely interlap. That's why Melvin Capital is so famous.

 

The change on the GME was to protect RobinHood because the volatility in the stock threatened their (capital) survival.

They allowed Sells, just not Buys.

I'm not even sure a T+0 situation (from T+2) would have changed things on GME.

 

Which is why it was a bad example and not a good one to use in a point of protecting the little guy as well. It's a really bad example when trying to convince a bunch of metal guys that it's not all manipulation

 

The metals conspiracy folks just don't read. Most of what they focus on is clearing house trades done by banks like JP Morgan Chase.

JP Morgan has $400 billion in capital and maybe $400 million at-risk in the metals market. To think that they would be willing to risk their capital on volatile metals -- or that the regulators would allow it (Volcker Rule) -- is preposterous.

Most short/long trades that JPM does are for clients, not their own accounts. I worked at a few banks and 99% of our trades were for clients, not our accounts.

 

I agree and have been saying it for years, was just saying don't shoot yourself in the foot right off the bat like that.

 

Any change made to produce a desired outcome is by definition "manipulation". No negative connotation intended. Yes, it was done for the overall good of an unstable market. We don't disagree. Still, a lot of late-comers who bought in near the peak in early 2011 learned a hard lesson when the brakes were applied. I'm talking about regular working folks here, putting their weekly savings slice into retail silver instead of into the bank. I was managing a coin shop at the time and saw it happen to customers who had become friends. That's the only point I was trying to make.

 

No, you made a good point. I just want people to realize it's not a rising or falling market that scares the regulators, it's the VOLATILITY of the move up or down that concerns them.

People think the regulators or banks or Wall Street have a vested interest in something going up or down. 99% of the time they could care less. They make money on sales and volatility. You bet on a move, it's like jumping in front of a bulldozer to pick up dimes.

Bear Stearns said they wanted to be like a bookie, making money in up or down markets and leave the speculating to hedge funds, billionaires, etc. Ironically, Bear went down when THEY decided to speculate on mortgages.

Disappointing to know people were putting their weekly savings into retail silver. Hope they bought some closer to $12-15 a few years later, at least.

 

That's very noble of you to say that, but you know that's not how it works. I've been reading your posts for quite some time now. You're obviously extremely knowledgeable in the financial field. You know as well as I do that the typical retail investor is not savvy enough to understand that when the prices are falling, that's when they should be buying. Time and time again they want to jump on the bandwagon and buy on the ride up. The exact opposite of prudent investing philosophy.

Last March/April was a perfect example. A plethora of the little guys bailed out, at least partially, on the drop. I was like a pig in slop during March/April. I couldn't find enough free cash to dump into the market. My utter shock was that the recovery took virtually 'hours' to come back. I was buying with the anticipation of the recovery taking at least a year or two, possibly longer to happen. Like it always does. Fortunately I was quick enough with my reaction time buying on the low. The low was so brief most people missed the dip because it recovered so fast. I definitely got lucky.

My point is, it's human nature to want to get out when it looks like things are turning south and getting bad. People want to try to preserve the capital they've accumulated. In doing so they miss the big picture and lose the opportunity to use the dip to dollar cost average down. The same occurrence happens with PM's as it does with stocks, mutual funds, ETF's, etc.

No matter how many times Warren Buffett says, 'when everyone's selling, I'm buying', people just don't listen.

 

Brilliant points, MS....well-said. You'd think that folks would be smarter today with all the information at their fingertips.

Then I remember all the WallStreetBetter's who bought GME stock or options at $25 and rode it up 10-15 fold....and never took profits.

Often on borrowed $$$.

 

When playing with their own money people seem to think they're smarter than everyone else. They 'know what's best for themselves'. Or so they think. No different than Joe Rogan's Fear Factor. When push comes to shove, when their money is on the line, huge numbers of 'investors' turn tail and run.

What's so scary about this phenomena is, they do it time and time again. They don't even learn from their mistakes. I marvel at how inept so many people are at handling money. The funny thing is, I hear it on this forum too. A place people specifically talk about money. Now I know money is a completely different animal than investing, but it certainly falls under the same category as trying to parlay one investable asset into more of that asset.

 

God grab for that leverage!

 

When the price drops, the stock gets tucked away somewhere to wait for the price to come back up.

 

Can lead a horse to water but can’t teach it to drink. The one bright side is people that can learn from that investments become fairly predictable. Ideally people wouldn’t have to make so many bad decisions for that but no matter how much people point it out the same patterns get repeated unfortunately.

 

That's what I was thinking!

Here's the message I got when I checked the order status:

"Your order is currently being minted, and is being added to our shipping queue. Once your order has been shipped, you will be notified via email with your shipping and tracking information. Please be aware that all deliveries will require a signature."