silver short squeeze

Discussion in 'General Precious Metals Discussion' started by SilverHaas, Jan 28, 2021.

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  1. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    This claim has been made 1000's of times over the years, but no one has been able to really substantiate it yet.
     
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  2. bretto

    bretto Active Member

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    JP Morgans 800 million fine for manipulation?


    SLV selling paper Silver , some say 200 to 1?
     
  3. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Fixed.
     
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  4. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Some have said a lot of unsubstantiated things over the years... and they keep saying it, but.....
     
  5. bretto

    bretto Active Member

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    Im hearing you mate.
    Who knows.
    One thing for sure though, there needs to be transparency in the metals markets.
     
  6. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    I agree.
    Whilst I am a believer in the futures market being a credible market (I work in an industry that relies on it to hedge their production), I also believe the available data on positions in the market (eg COMEX data), is intentionally made too difficult to decipher, or a little bit hazy with regards to transparency.
     
  7. bretto

    bretto Active Member

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    Interesting times hey.
    Thanks for the info .
    I'm glad i live in Australia :}
    I see your in Northern NSW , I'm on the Mid North Coast.
     
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  8. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Get a room you two!!!
     
  9. bretto

    bretto Active Member

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    Thanks Sammy, but I'm pretty fond of the lady's :p
     
  10. Slam

    Slam Well-Known Member Silver Stacker

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    Some food for thought:

    What's stopping any bullion smelter or processor from buying a 5000oz contract off Comex take delivery. Break down the silver to 1oz blobs or 1kg bars an flip it all at cost + small premium.

    Rinse and repeat and bust the Comex over the last 10 years? Surely someone would have done it by now?

    Unless the Comex has been playing dirty and refusing delivery or those short aren't supplying to the Comex but forcefully settling in cash.
     
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  11. bretto

    bretto Active Member

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    Yes, i suspect they have been making it worth while settling in fiat instead of metal.
     
  12. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Nothing but the paperwork, logistics and cost of delivery. Nearly always easier and cheaper to buy at spot off a wholesale bullion supplier that is more local. COMEX is not a bullion dealer, it is a clearing house.

    5000oz wouldn't even register on their radar. No chance of busting anything.

    Only in a permabull's wet-dream.
     
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  13. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    why gold isn't moving much? no love?!
     
  14. ppier

    ppier Member Silver Stacker

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    Just fixing that pesky GSR for everyone that’s all.........
     
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  15. raven

    raven Well-Known Member Silver Stacker

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    I wonder if all those hedge fund managers, J.P. Morgan etc., ... right up to the fed, realise yet, that their silver shorts, aren't going away ?

    Go spot, go boy !
     
  16. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Well surely loads of retailers will be covering themselves by going long besides the reddit apes and us stacker malaka's ?
     
  17. Tokyo

    Tokyo Active Member

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    Stop out move would be epic, my long term technical target is 36-38 for major (62%) test. Consolidate above 36-38 can trigger bigger expansion.
    **This is just my opinion not for trade recommendation**
     
    Last edited: Feb 1, 2021
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  18. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    AG has gone nuts. Silver goes up 10%, AG’s up 40% pre-market. :eek: PAAS’s only up 17%. Should have bought more PAAS.
     
  19. alor

    alor Well-Known Member Silver Stacker

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    JP should be LONG in silver , check Ted Butler
     
  20. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    ;)
     
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