Posted on 01/20/2021 9:04:34 PM PST by weston
This would be China’s chance to replace the dollar as the global currency, with a gold backed currency.
Thanks.
Update (1100ET): For some background on just how unprecedented this weekend’s action in silver markets is, Tyler Wall, the CEO of SD Bullion writes the following (emphasis ours):
In the 24 hours proceeding Friday market close, SD Bullion sold nearly 10x the number of silver ounces that we normally would sell in an entire weekend leading to Sunday market open.
In a normal market, we normally can find at least one supplier/source willing to sell some ounces over the weekend if we exceed our long position (the number of ounces we predict we will sell over the weekend).
However, everyone we talk to is afraid of a gap up at Sunday night market open.
This is about ready to get really interesting as there was very little inventory left from suppliers/mints going into Friday close.
Our direct AP supplier informed us after close on Friday that the “US Mint will be on allocation for the remainder of Type 1” (Current Silver Eagle Design).
Our sales for the month of January exceeded any one month last year during the heart of the pandemic. It was an all-time record month in our company history.
And, perhaps most importantly, as QTR tweets so succinctly, “this is a red pill moment for many, and it’s beautiful.”
Quoth the Raven
@QTRResearch
The thing is that no matter what happens with #SilverSqueeze, a lot of younger people are for the first time informing themselves that metals are the only true real money. That realization sticks for life, even when squeezes end. This is a red pill moment for many & its beautiful
Update (1030ET): It would appear the run on silver has begun. With the market closed, traders have rushed to secure some exposure to silver ahead of what WSB suggests could be “the world’s biggest short squeeze” and that has left bullion dealers
As we noted below, the premium for physical silver had soared late Friday and into Saturday (after the massive flows into SLV), but as Sunday rolled around, bullion dealers are now facing massive shortages of physical coins.
Update (1030ET): It would appear the run on silver has begun. With the market closed, traders have rushed to secure some exposure to silver ahead of what WSB suggests could be “the world’s biggest short squeeze” and that has left bullion dealers
As we noted below, the premium for physical silver had soared late Friday and into Saturday (after the massive flows into SLV), but as Sunday rolled around, bullion dealers are now facing massive shortages of physical coins.
Update (1030ET): It would appear the run on silver has begun. With the market closed, traders have rushed to secure some exposure to silver ahead of what WSB suggests could be “the world’s biggest short squeeze” and that has left bullion dealers
As we noted below, the premium for physical silver had soared late Friday and into Saturday (after the massive flows into SLV), but as Sunday rolled around, bullion dealers are now facing massive shortages of physical coins.
https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver
..... I’m going to have to buy more popcorn. All those financial advisors I’ve known and worked with that laughed at me when I told them that silver and gold was the only real money may learn something. I’m not hoping for financial ruin, just a little humility.
Yes, the sanctity of their House
I just loved this line under the first "perpetrator" - One of the images showed him standing in front of a portrait of the late U.S. Representative Shirley Chisholm, the first Black woman ever elected to Congress.
As if a Trump supporter could even be in the same building with a picture of Chisholm. Oh, the horror!
Hi CB...
Ok, I’m getting mixed messages lol. On one hand, Tennessee is a good Red state, OTOH, it needs to have the IQ and work ethic take an upward turn. What is that saying? Inquiring minds want to know lol.
I haven't heard that they are involved at this point with the Gamestop shorts. I have only heard that it is just a lot "normal" small guys who banded together.
That's not to say the Chinese or other groups haven't manipulated the market in the past & that they aren't taking notes on what is going on now.
Sydney market opens in one hour.
NY Globex in 2 hours.
You can watch the fun in real time under “Live Charts”
I must say, I’m enjoying this a little bit.
😻
Exactly. If the hedge fund managers had to sell one of their yachts, and could only eat lobster 3 times a week, that would be fine.
I would love to see JP Morgan take it in the shorts.
They have manipulated markets for decades.
And you were correct—the only real money is gold and silver.
Their value never goes to zero.
While ALL paper money eventually does.
I’m with you, Rusty. It is giving a little bit of pleasure watching the big guys get screwed, for a change.
it would be indeed. They’ve been working on it for years. Now everything is happening so fast. They have sure been flexing their muscle lately. Does Joe think banning the term “ China virus” will make them play nice?
I’m going to see if Jim Prickard has thoughts on this today.
at least he didn’t draw a mustache on it.
>>>>Do you think it’s possible China and other bad actors are involved?
China’s small investors are planning the same in their country and I think this may go Global.
Enjoy the ride.
I was thinking the silver squeeze would ne more up their alley. Then gold?
I’m there!
Jack Posobiec Flag of United States
@JackPosobiec
Melvin’s Gabe Plotkin Was Expanding His $44 Million Miami Beachfront Mansion When His Hedge Fund Blew Up
1:28 PM · Jan 31, 2021·Twitter for iPhone
https://twitter.com/JackPosobiec/status/1355991383828533258?s=20
Yes, very well could be.
I wonder how much of the Lincoln Project pedophilia scandal played into Kellyanne Conway’s early departure from the Trump admin?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.