Silver severe Market backwardation. Paper Market Breakdown. | |
jlee2027
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jlee2027
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jlee2027
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Anonymous Coward User ID: 76019967 Germany 02/10/2021 12:02 PM Report Abusive Post Report Copyright Violation | Paper is trading for far less than actual Physical. Quoting: jlee2027 Example. Paper is $27 an ounce. Bars are $32-$34 an ounce (APMEX: [link to www.apmex.com (secure)] This is backwardation. And it's getting worse, not better. The paper market is breaking. HOLD THE LINE. My fellow SilverTards we ride soon. they're inflating, manipulating the paper markets, trading with Silver in paper markets in excess of the available physical assets, the house of cards, bubble will soon explode for example with Gold, they're trading in paper markets 330 times more than the metal is annually mined, same with Silver |
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ShortStop
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darth
User ID: 28178764 United States 02/10/2021 12:07 PM Report Abusive Post Report Copyright Violation | Check out Robert Kiyosakin on utube. For every 100 oz. used in industry, e.g., cell phones, only 80 oz. is mined. Do the math. Silver WILL go up. The manipulators cannot do this forever. Keep stackin'! This is an opportunity for the common investor to beat the billionaires. |
Anonymous Coward User ID: 79493227 United States 02/10/2021 12:11 PM Report Abusive Post Report Copyright Violation | I'm not surprised the premiums are so high right now. It's a mix of high demand and low seasonal inventory. If the premiums stay high as the Mint produces more this summer? Then it's on, baby. Quoting: Anonymous Coward 72776358 A big portion of the mines are located in places that's summer right now. |
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jlee2027
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jlee2027
(OP) User ID: 76568830 United States 02/10/2021 02:26 PM Report Abusive Post Report Copyright Violation | https://twitter.com/_/status/1358751248615411715 Worse and worse and worse...they'll need to go back to copper or graphene or something instead of silver in chips. |
jlee2027
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Anonymous Coward User ID: 80033558 Argentina 02/10/2021 09:29 PM Report Abusive Post Report Copyright Violation | Paper is trading for far less than actual Physical. Quoting: jlee2027 Example. Paper is $27 an ounce. Bars are $32-$34 an ounce (APMEX: [link to www.apmex.com (secure)] This is backwardation. And it's getting worse, not better. The paper market is breaking. HOLD THE LINE. My fellow SilverTards we ride soon. ok silver will crash soon. backwardation will follo to contango later. thanks this confirms silver is crashing just like btc maybe covid 21 is finally arriving |
Anonymous Coward User ID: 77450255 United States 02/10/2021 09:32 PM Report Abusive Post Report Copyright Violation | Paper is trading for far less than actual Physical. Quoting: jlee2027 Example. Paper is $27 an ounce. Bars are $32-$34 an ounce (APMEX: [link to www.apmex.com (secure)] This is backwardation. And it's getting worse, not better. The paper market is breaking. HOLD THE LINE. My fellow SilverTards we ride soon. ok silver will crash soon. backwardation will follo to contango later. thanks this confirms silver is crashing just like btc maybe covid 21 is finally arriving The dollar is collapsing. Silver will hold value. Currencies come and go. Metals have been valuable for thousands of years. BTC is propped up by the tether usd scam. BTC is destined for the trash bin. |
jlee2027
(OP) User ID: 33981429 United States 02/10/2021 09:40 PM Report Abusive Post Report Copyright Violation | Paper is trading for far less than actual Physical. Quoting: jlee2027 Example. Paper is $27 an ounce. Bars are $32-$34 an ounce (APMEX: [link to www.apmex.com (secure)] This is backwardation. And it's getting worse, not better. The paper market is breaking. HOLD THE LINE. My fellow SilverTards we ride soon. ok silver will crash soon. backwardation will follo to contango later. thanks this confirms silver is crashing just like btc maybe covid 21 is finally arriving The dollar is collapsing. Silver will hold value. Currencies come and go. Metals have been valuable for thousands of years. BTC is propped up by the tether usd scam. BTC is destined for the trash bin. Well said |
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Anonymous Coward User ID: 80039258 United States 02/10/2021 10:04 PM Report Abusive Post Report Copyright Violation | They CANNOT raise the paper price. I believe that would destroy them by setting a fire under the physical demand. Quoting: jlee2027 So, they are stuck. They can keep the paper prices low until comex contracts close in march...then close out their shorts. But will they? They just might if we keep the pressure on & keep buying/holding physical silver. If they close out their short sales...silver will take off impressively! Even paper silver! - MC |
Anonymous Coward User ID: 79401366 United States 02/10/2021 10:04 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79386700 United States 02/10/2021 10:07 PM Report Abusive Post Report Copyright Violation | Paper is trading for far less than actual Physical. Quoting: jlee2027 Example. Paper is $27 an ounce. Bars are $32-$34 an ounce (APMEX: [link to www.apmex.com (secure)] This is backwardation. And it's getting worse, not better. The paper market is breaking. HOLD THE LINE. My fellow SilverTards we ride soon. I don't know where you are getting the price of $34....The cheapest silver I am seeing that is available is well into the $40 range. To get anything of substantial quality and quantity you are most likely looking at $45 from any of the internet brokers. Lot's of loose ounces on Ebay but, nothing substantive!!! |
jlee2027
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Anonymous Coward User ID: 72776358 United States 02/10/2021 10:22 PM Report Abusive Post Report Copyright Violation | OP, what's your thoughts on more exotic metals like Palladium or Rhodium? Quoting: Anonymous Coward 72776358 It's not money and I prefer to own actual money, Gold and Silver. Not saying you are wrong. Right now you could get 1 & 1/2 oz AGEs for the same price as 1 oz Palladium coin. |
darth
User ID: 28178764 United States 02/10/2021 10:25 PM Report Abusive Post Report Copyright Violation | Paper is trading for far less than actual Physical. Quoting: jlee2027 Example. Paper is $27 an ounce. Bars are $32-$34 an ounce (APMEX: [link to www.apmex.com (secure)] This is backwardation. And it's getting worse, not better. The paper market is breaking. HOLD THE LINE. My fellow SilverTards we ride soon. I don't know where you are getting the price of $34....The cheapest silver I am seeing that is available is well into the $40 range. To get anything of substantial quality and quantity you are most likely looking at $45 from any of the internet brokers. Lot's of loose ounces on Ebay but, nothing substantive!!! Try Texmetals dot com. Texas Precious Metals in Shiner, TX. If you can drive there, you can purchase for cash at a discount. No sales tax on PMs in TX. Ag coins and bars around $33-35/troy oz. |
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