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  1. Pirocco

    $13 silver might be possible

    People that don't believe what they say themselves have a lie not an opinion.
  2. Pirocco

    $13 silver might be possible

    In 2011 at $40-50 I started to see some talks on other forums about silver rising to $100 or $200/oz
  3. Pirocco

    China Devaluation

    http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/index.aspx http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/ticpress.aspx#1...
  4. Pirocco

    $13 silver might be possible

    Paper trading artificially presses the price of the commodity UP when acquired, and DOWN when dumped (or neutralized along addition of additional inverse positions). Which is precisely what real supply/demand does, only that it doesn't actually need the presence of the commodity (wherever that...
  5. Pirocco

    Could Silver reach $30 Aus by November?

    Be aware though, that the highdays of Negativity typically turn out to have been bottom prices with a thousand fat fingers hanging above a BUY button, and vice versa, beware when positivity rules the days, that a thousand fat fingers are hanging above a SELL button.
  6. Pirocco

    $13 silver might be possible

    No, it's your mistake, to describe it along your own analogy: the futures market is not the gamblers side, it's the casino bosses side, and what does the boss do: he presets/configures, on his slot machines, the winning chances for the gamblers. And speculation has nothing to do with gambling at...
  7. Pirocco

    $13 silver might be possible

    I'm gonna recap your strawman: I said the futures market is designed to inflict speculators losses, it is a hedging environment and the dollars that make the hedge work against speculators, origin from the speculators. How: by driving up the price speculators pay, along the forward component of...
  8. Pirocco

    $13 silver might be possible

    Today? That's the very reason for a futures market: to be able to buy, sell, influence the price, WITHOUT needing to actually buy, sell the commodity. Simple example: a jewelry maker orders a silver stock of 5000 oz. 5000. Not 5001 and not 10000. He wants to be sure of the price he is gonna pay...
  9. Pirocco

    $13 silver might be possible

    You missed halve the point of a futures market. It's an insurance policy for a buyer. But it's ALSO an insurance policy for a seller. No need to thrown in speculators, actually a futures market exists precisely AGAINST speculators. Imagine a silver miner. And a silver blancs producer (for...
  10. Pirocco

    First bank moves!

    You got that right. Alot on todays media, is in reality precisely the opposite. Big Lie strategy all over the place.
  11. Pirocco

    Silver Money? A realistic perspective.

    The chance is high that the next crisis the central planning thieves club does have the arrogance to declare savings above that defined treshold (100000 euro in my country) as lost. If they fail to make depositors waste enough of their money along stocks and other frontrunned markets, they'll do...
  12. Pirocco

    $13 silver might be possible

    The futures market is NOT where bets are made, instead it is the opposite: to make sure that they don't have to pay more, or receive less, than intended / contractual (real market not futures market) agreed upon. The futures market is thus a place to hedge contracts on the real market. There is...
  13. Pirocco

    $13 silver might be possible

    About futures market total net position record low: On 28/08/2018, end of day price $14.90, it was 1417, on the fluctuation range (couple thousands to about 107000 at a near $20 occasion early 2016) I've seen since 2008 that's nearly zero - meaning spot price has no futures component. Since it's...
  14. Pirocco

    Silver Money? A realistic perspective.

    Centuries ago they didn't mine todays (example) 1000 Moz silver annually either. Apparently population growth went together with production growth. Why? Because more people existing means more people producing. The same applies to gold, houses and any product. It doesn't need milli or nanogram...
  15. Pirocco

    Silver Money? A realistic perspective.

    Medium of exchange Unit of account. Storage of value. Medium of exchange, paper, electronic even easier. Unit of account, no relevant difference. Storage of value, paper, electronic easily devalued. Silver, not. Throwing these functions of money together thus misses some points. Gresham and...
  16. Pirocco

    If your parents bought silver the day you were born.

    I look at things from an economical perspective: the perspective of producing and trading, and since PM is just dead metal and a dollar note is dead paper - it produces nothing, it adds nothing, gain or loss can only origin from some1 elses loss or gain, in other words: zero sum story. A machine...
  17. Pirocco

    If your parents bought silver the day you were born.

    With your "view", one can drive to the baker to buy a bread and claim that he invested in bread. Since he took the risk of a crap baker, a crap bread, a car accident and when eating choking on the bread. I see an investment simply as putting money into production means, as to achieve a higher...
  18. Pirocco

    If your parents bought silver the day you were born.

    A product one buys, to sell it later like it was when bought, is never an "investment". An investment is buying / improving production equipment, to make the product better and/or produce more. So precious metals aren't investments, neither are dollars, euro's, silo's grain and the oil in...
  19. Pirocco

    currencies collapsing everywhere

    But the other fact is that the dollar index value is derived from a formula that puts them relative to eachother, and that there are quite some currencies pegged, causing the impossibility to all rise, or drop, simultaneously. So if the dollar, with a high weight in the formula rises, then other...
  20. Pirocco

    Grant Williams: The Death Of The Petrodollar, And What Comes After

    As said in other topics: the velocity of the USD monetary balance dropped, not due to less spending but due to a bigger total of the "reserves", namely the Quantitative Easening's that actually were tightenings instead of easenings. And that is because the excess reserves balance is included in...
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