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Posted on 10/15/2025 7:18:00 AM PDT by delta7
Yes. It was accurate this morning. I popped over spot late last week.
I have been doing business with them for a long time. I’ve bought and sold through them many times. They usually had a “Sell to Us” price that was about $30-$40 under spot. I was a little surprised when I saw it last week.
“As the Hunt brothers tried to explain to all who would listen, the world at that time was consuming considerably more silver than it was producing, yet the price of silver on the futures markets was running well below the marginal cost of production. Ergo: one could anticipate that prices would rise, eventually. They invested accordingly, going long and announcing their intention to take delivery of physical silver, obviously for resale to industrial users.”
Yes. They knew what they were doing. Lost hundreds of billion$ and went bankrupt!
TejasGaytor lies like a Democrat - he leaves out important facts to twist his messages into the shape he wants.
I talked to two dealers, in two different states. Refiners are halting the buying of .925. .770 ( Peace Dollars, Morgan’s) , junk ( .715) as the refiners are busy pouring 1,000 oz “ good delivery bars for the western Comex and LBMA.
There is panic they will default on physical deliveries. The two western exchanges “ trade “with each other, when Comex is low, LBMA ships them bars, vice versa...usually by sea freight, but now reports are indicating they are air freighting back and worth ( $$$) ....and also are draining the ETF SLV fund....
In any case, the “ details” only confirm what some of us already knew: there is a worldwide scramble for physical Silver. Don’t get caught holding paper Silver.
TejasGaytor lies like a Democrat - he leaves out important facts to twist his messages into the shape he wants.
“A of dealers are not buying junk silver coins,”
Coin shops need cash flow, junk and .925 Silverware is always the first sent out for cash.
Especially paper short contracts. I believe exchanges and ETF's have to settle in paper money if they default on delivery, but are exempt from further damages beyond that.
The Hunts got sndbagged by the Exchange and the feds/the Carter administration. Everything the Hunts had done was legal and disclosed. Then the Exchange, supported or prompted by the feds, changed the rules and ordered the Hunts to divest most of their holdings immediately, without providing any time to unwind a very large position. The Hunts had to dump it basically overnight, and they took a bath. Meanwhile, the short sellers who had the political moxie made billions. THAT’S the scandal.
The Hunts weren’t done in by the markets.
YEP
China’s biggest liability is trust. No one trusts them.
My grandfather made and then lost a pile of money by piggybacking on the Hunt Brothers. I inherited the last remnants of his hoard of junk silver and silver bullion, which I’ve been keeping for many years as insurance rather than an investment or speculation. But if I see it go above $100 an ounce I’m selling every single piece of it for a six figure payday. Maybe jump back in when it crashes back to 40 as it inevitably will.
I’m just sittin’ here, smiling like the Cat that ate the Canary. ;)
delta7 is the quintessential paid soviet troll here, and for the last few weeks he’s been on a kick posting BS stories about silver and gold ... prior to that he posted nothing but stories about how ukraine was getting their asses kicked ... apparently his paymasters have switched his gears for some reason ...
“The Hunts weren’t done in by the markets.”
ROTFLMAO! Did you major in writing fiction?
The Hunts were sabotaged by a change in the rules imposed without warning by the Exchange and the regulators. That’s not “markets.” That’s the manipulation of a market by outside actors.
My point is that in futures markets, every long position is offset by a short position. The “evil Texas oil operators” lost billions. Those billions went dollar for dollar to the opposite party in each trade.
The changes could have been announced prospectively, with the Hunts given some time to unwind their position. Instead, they were required to dump their contracts. Who benefitted?
I have also heard refiners are backed-up and don’t want to take in any more. So if a dealer is buying you will be selling at a discount to the market price. Dealer would have to hold or at least package for sale. It must be crazy out there!
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