The Revenge of the Silver Stackers

Discussion in 'Markets & Economies' started by Ronnie 666, Apr 21, 2021.

  1. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Today Craig Hempke announced a plan with Wall Street Silver, Chris Marcus and others to drain physical silver again on May 1 the 10 year anniversary of the silver drive-by shooting in 2011 when the banks colluded with the CFTC to smash silver from $50 to $34.

    Revenge is a dish best served cold !

    https://www.sprottmoney.com/blog/A-Time-to-Fight-Back-Craig-Hemke-April-...
     
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  2. clear

    clear Well-Known Member

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    Thank you Ronnie, I can do that but 1st May 2021 is a Saturday,
    is Perth Mint open on Saturday? Might go Monday.
     
  3. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Soooooo what's to stop them from smashing the price down again? Nothing has changed since 2011.
     
  4. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    66rounds - The world has changed since 2011 and with production of silver down in South and Central America and Eastern Europe Physical supply is pivotal. Already people are cashing out of their paper unallocated holdings and buying physical metal. When there is no investment metal and industrial supply is stressed the banks will not be able to manipulate supply so easily. Further with a falling US$ and rising inflation rate there are big problems for the money printers. If stackers took 10 M oz off the table that would cause much stress for the banks. There are reports that the SLV and the Bullion banks were stressed out in Feb Lets see how they handle a May raid.
     
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  5. 66rounds

    66rounds Well-Known Member Silver Stacker

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    As long as there is a futures market, and SLV exists, they can pump an infinite amount of paper silver to manipulate the price as they wish. The only way to crush the system is if a few large fund managers with big positions in the silver market all stand for delivery at the same time, and refuse to settle for fiat. I dont have much hope in this happening.
     
  6. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Maybe you are right ? no one knows - we don't know what margin they have and the leverage in the system must be enormous. Even if we just give them indigestion and make a saving in metal it will be worth the exercise.
     
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  7. STKR

    STKR Well-Known Member Silver Stacker

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    It would be nearly impossible for them to suppress the price of silver without the ability to supply the market in times of deficit. SLV or no SLV. The Free market would take hold and drive the price up in the physical world.

    We could definitely see paper silver spot price being suppressed while the physical market develops its own price discovery mechanism, but they would run the risk of the overall market losing faith in the set spot price which would be detrimental to the market manipulators.

    The real silver squeeze has been going for almost a decade. This WSS movement couldn't have been better timed. I believe we're going to see more pressure put on the overall physical market as a result. The silver price suppression has been losing its balance on the edge of a cliff. The way I see it, The WSS community are trying to creep towards it and give it a little nudge to bring on the inevitable.
     
    Last edited: Apr 21, 2021
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  8. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Yes, good clarification. They can suppress the paper price ad infinitum, whilst physical premiums blow out sky high. The problem is all investment trade occurs at the paper price, meaning the retail market is fixing to get screwed as always. Same as in stocks, bonds and crypto. Retail can't win against market manipulation
     
  9. STKR

    STKR Well-Known Member Silver Stacker

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    It would be interesting to know what goes on behind the scenes of these big tech companies. Keith Neumeyer has spoken several times about being contacted directly from tech companies in an attempt to secure silver for future production.
    I don't think the market can handle a 200Moz deficit for an extended period of time. With new interest coming to this space from WSS, we could see that deficit grow to levels that cannot be sustained.
     
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  10. STKR

    STKR Well-Known Member Silver Stacker

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    Yeah they colluded! The CFTC changed the rules and set position limits for retail traders while offering exemptions to the commercial banks. Talk about a one-sided battle.

    When you can't handle the heat, change the rules and manipulate!!

    Ironically, the CFTC's position limits were to curtail manipulation. Only approved manipulators can manipulate managed markets... apparently.
     
  11. STKR

    STKR Well-Known Member Silver Stacker

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    That article seems like a marketing hopium flex to me.

    "If we can also get an army of retail traders to play along by adding PSLV and even SLV to their portfolios, we'll marshal the forces needed to potentially overwhelm our enemy."

    Very convenient :rolleyes:

    It's a bit of a "Cool story bro" situation. They are trying to get 100,000 people to buy 100ozs each. The 1 Billion oz + Silver market can handle and extra 10Moz, but it could have a knock-on effect resulting in further increased demand in the short to mid-term...maybe.
     
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  12. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Another good point, if industry is unable to source silver at the paper price, then the paper price is useless. Another angle to this attack is mining companies holding on to dore bars until they see greater demand.
     
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  13. STKR

    STKR Well-Known Member Silver Stacker

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    Keith Neumeyer did this successfully in March and April of 2020. I remember him saying that when we attempted to rally other miners to do the same in 2015(?), They all laughed at him.
    I reckon we could see that happen if there was a decline in price in gold and base metals, causing a widespread increase of the All In Sustaining Costs (AISC) for silver production. At the moment, most miners can and do weather the storm because of byproduct mining revenue.
     
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  14. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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  15. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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  16. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    The train is leaving the station : Lets hope its not going too fast by the time May 1 comes around. For those on this forum who think of an omnipotent Central Bank and corrupt regulator that will keep metals suppressed with paper contracts forever, let me remind you that every empire believes it will last forever and so far, none have.
     
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