silver short squeeze

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

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  1. LiverBird

    LiverBird Well-Known Member Silver Stacker

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    The silver market was always going to be too big for them to make any real impact unfortunately.
     
  2. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Why because 99% of physical silver is "priced" from Spot but has nothing to do with Comex...... Very unlikely a refiner or Smelter buy from source ie mine if they are looking for 5000oz since this is nothing

    Much like Australian LPG Gas price is based on Singapore Sweet Oil Futures +- BTU Thermal +- LPG Premium or Discount, the gas never goes anywhere near Singapore but to China. Korea and Japan
     
    Last edited: Feb 3, 2021
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  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Sold my PAAS, almost same price I bought last week! No point holding a silver stock unless can make at least 30-40%. :D
     
  4. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    I’d settle for 20-25%!
     
  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Yes, it went up nearly 20% earlier in the week. If I sell on Tuesday, I can get a free coin. Too volatile so I'm out. Also concerned about talks on a Feb stock market correction.

    Anyways, got a bar over the weekend, not looking back. :)
     
    Last edited: Feb 5, 2021
  6. alor

    alor Well-Known Member Silver Stacker

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  7. norman_h

    norman_h Member

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    Being a baby stacker, I look at that and wonder if it is:

    1) always delayed as a marketing technique to drive desire for the product
    2) really in high demand
    3) some other reason
     
  8. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    They only make money as they sell so delaying wouldnt help them. They want turnover as fast as possible and to make their money.
    It's just low supply and high demand right now imo.
     
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  9. alor

    alor Well-Known Member Silver Stacker

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    transportation is a problem during covid, so they can not so easily orders from everywhere
    when price drop too fast, big buyer can single handedly clean out the limited supply
    no its not marketing, just describe whats going on
    high demand ? may be not...as some other supplies are available
    premiums differentials are everywhere
     
  10. 66rounds

    66rounds Well-Known Member Silver Stacker

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  11. dragafem

    dragafem Well-Known Member Silver Stacker

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    There is supply but depends on what do you want(coins or bars) and how many oz's?
     
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  12. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    True, limited supply I meant. Lots of stuff sold out here in the US and it's really dried up. Not sure about other places.

    The past few years there was tons of anything you wanted at any time it seemed.
    Just seems dry out there.
     
  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Lots of market manipulation going on, they play both directions. A market analyst recently made a very good comment. It's not important to get it right all the time, just "diamond hands". He makes a very good point. What he is trying to say is, don't bother with the daily price fluctuation, however volatile it is.
     
  14. STKR

    STKR Well-Known Member Silver Stacker

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    I always keep an eye on ABC Bullion and their silver offerings. Their Eureka round has been listed as "pre-order" for about 6 weeks now, and when I just checked, the Eureka round isn't even listed anymore.
     
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  15. alor

    alor Well-Known Member Silver Stacker

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  16. 66rounds

    66rounds Well-Known Member Silver Stacker

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  17. Miksture

    Miksture Active Member Silver Stacker

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    Ouch. Lets start stacking copper!!!! :D:D:D

    OMG - 1Kilogram (kg) AUD12.569
    https://www.marketindex.com.au/copper

    I can't imagine bullion sellers will be selling 1kg copper bars for $12! Needs to be at couple of hundred before copper market price would mean anything. There are some pretty copper rounds out there https://www.jmbullion.com/copper/copper-rounds/ but the price is not related any sort of "spot" value.

    eg 1Kg = 32.1507 Ozt s
    so each coin would be worth AUD 0.39
    JM Bullion set them for as low as AUD 2.41 (USD 1.75)
    Markup is AUD 2.02 or 518% premium...

    So, while it is great value to buy any metal made into such a fine coin for 1.75 it is not for metal value. :p

    Sorry for the massive offtopic ramble.
     
    Last edited: Sep 21, 2021
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  18. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    Currently, scientists at the University of NSW have reduced the level of silver usage way below 1 gram of silver per panel!
    It's so minuscule, I don't want to depress Silverstackers by telling them how little is used!:(
     
  19. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I don't understand why big names keep pushing the green revolution to defend silver at this point.
     
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  20. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Lunar coins will remain ten dollars over spot. ;):D
     

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