Posted on 01/30/2021 10:05:16 PM PST by Technocrat
That’s the issue. Do the WSB crowd have the ability and knowledge to do that?
Thanks, just saw your explanation. The eight year old is learning a little bit by bit.
Now motive...other poster said to bankrupt the corrupt banks.
The big miners have colluded with banks to keep the monetary metals prices suppressed for ages. It’s rampant, it almost broke Barrick pre 2008 because they sold forward so many millions of ounces of gold at low prices that they were going to have to high grade all their properties to cover.
Motive: To make money and to ‘stick it to the man’.
Spot prices are up ~$2 right now from Friday’s close. Trading is open. $28.97 as I type.
“Junk” silver, worn and/or high mintage US silver coinage. They have some numismatic stuff but it’s mostly bullion. US coinage silver is popular for its potential in trade in chaotic circumstances.
US numismatics are pretty much the be all and end all of coin collecting. That is mainly due to the fact we have excellent mint records and a span of types and mintages that it’s possible to complete.
Numismatic value is determined by the difficulty and popularity of completing sets. Rarities end up being driven up within and outside the community.
For instance take Lincoln wheat cents and Indian head cents. It’s a lot easier to complete a set of Lincoln wheat cents than an Indian set, so even though the 1909-S (S= San Francisco) Indian head is rarer it doesn’t command as much as the 1909-S, V.D.B. (Victor David Brenner, designer) because that’s a key rarity for a set completable by a larger segment of the population.
Numismatics purely from the standpoint of a sales guy saying “this goes up a lot” is definitely bunk, but if you understand the hobby, and the historical associations, the right coins almost never lose their nominal collectors desire value unless a large quantity of high grade lost ones turn up.
Or find em with the dirt fishin’ pole 😎
They buy future production at low prices and then sell it forward. Lots of it, including “naked” ounces which suppresses the short term price. The miners go all in it for short “we had a great quarter” buy our stock, but then a few years down the road if the price blows up they end up having to “high grade” (selectively pursue the richest portions) their mines to meet obligations and it ends up screwing up their long term operating plan OR driving them under when the prices falls and all the have to rely on for operating expenses is the low grade high extraction cost portions of the reserves.
I don’t do coin collecting, that’s a waste of time. I keep coins for money, so pre-1964 quarters.
I paid 2.4 ounces of gold and 7 ounces of silver for my never fired M1A and match pair of stainless Browning Hi Powers.
You know they just got levied a billion dollar fine for manipulating the precious metals markets right?
10 million tons of lithium is probably more than the total proven and probable reserves of lithium on the globe. Production was only 77,000 tons in 2019.
The dirty little secret of the lithium battery electric vehicle world is that there isn’t enough lithium to make more than 5-7% of the worlds vehicles electric.
Its like the hydrogen disconnect. Everybody who touts it envisions a world powered by clean hydrogen generated from separating it out of water...But it costs 5 times less to get it from oil.
I love it because I love old stuff. Brass alcohol stoves, gasoline lanterns, maytags that ran on gasoline etc... and real money 🤠
You know they did that in the treasuries markets too right?
Meaningless to your probable point you are trying made unless you look at the specifics. What if that manipulation had no directional bias over a period of time. Whoops! There goes the gold bug conspiracy rants that they are suppressing the price of the silver/gold markets.
Traders and firms will always try to gain an advantage over other traders. I personally think spoofing should be legal. If the other guys trading algorithms are written so poorly that they can be faked out that easily they deserve what they get.
So you know your competitors have computer trading systems looking at the depth chart and adding up bid and ask volumes for X number of layers. Then their trading algo will trade from a buy or sell side bias. Why not fake them out? To me, that’s part of trading. Why is that any different than putting in an order and hiding from the tape the true trade size, i.e. you are selling 50 thousand shares but only show 5,000. Same effect as spoofing.
Shorting finite resources during uncertain times...
Ping
10 million tons of lithium is probably more than the total proven and probable reserves of lithium on the globe. Production was only 77,000 tons in 2019.
The dirty little secret of the lithium battery electric vehicle world is that there isn’t enough lithium to make more than 5-7% of the worlds vehicles electric.
Its like the hydrogen disconnect. Everybody who touts it envisions a world powered by clean hydrogen generated from separating it out of water...But it costs 5 times less to get it from oil.
Not to mention the staggering demand on the electrical grid if we (or the world) went even close to 100% EV.
TOKYO— Toyota Motor Corp.’s leader criticized what he described as excessive hype over electric vehicles, saying advocates failed to consider the carbon emitted by generating electricity and the costs of an EV transition.Toyota President Akio Toyoda said Japan would run out of electricity in the summer if all cars were running on electric power. The infrastructure needed to support a fleet consisting entirely of EVs would cost Japan between ¥14 trillion and ¥37 trillion, the equivalent of $135 billion to $358 billion, he said.
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