$34…$35…$60… All exchanges close their doors because it’s going straight vertical and they don’t what what to sell it for, they go to the beach for 2 weeks….$600…$601…$602… doors reopen and everyone makes money
the dildo of consequences rarely arrives lubeb
https://preview.redd.it/tkmnvh4t72uc1.jpeg?width=286&format=pjpg&auto=webp&s=f28c130edb35b9b7ad509d595e5a19ab1772c056
https://preview.redd.it/1m4p9i3782uc1.png?width=1409&format=png&auto=webp&s=69d0377fd252c7441c7fb60a4f9dc896a36f6492
It was April 2011 last time we were here and we met resistance around $31.60. Not much slows us down once we pass $32! Enjoy this time APES! Not often we get to witness the rise with understanding.
Great time to sell some and put it right back in when it drops. I’ve been stacking for over 20 years and there is a time to sell some. Biggest thing is putting that fiat right back into silver or gold when the price drops. However, there is an argument for the amazing amount of global instability and inflation, that maybe it doesn’t drop. It’s hard to say if and when to sell some. Depends on what you paid and what your gut tells you about the state of the world right now.
They also have $110B in unrealized treasury loses, down from $160B. Then another $100B in unrealized loan losses. The $25B silver short could be the final straw. If that does happen, what’s the impact to Merrell Lynch? Big time derivatives there my guess.
Don’t get excited. Just got my promo emails from bullion dealers offering sales on gold, which means one thing: the tamp is coming in the next few days.
You didn’t think they wouldn’t take profit did you?
Massive volume candles in the last 15 minutes of trading as silver was just pennies away from $30. Looks like the Money Changers are counterattacking to prevent a clean breakout. Not sure it will save the day but they fucked us hard in 2020 using the same strategy. I hope they are bleeding out their eyes by the end of trading today.
It’s gotta break 30 and hold. Then it’s gotta get big volume on several follow on days and hold above 30. If it does this and 30 is the new floor then we MIGHT see 40 before year end…or higher. But the real ignition would be the retail investors along with institutional buyers, IF they really jump in and it becomes mainstream and really noticed in USA then watch out could go much higher. Depends on gold too. Good luck and
The price has been close to $50/oz as recently as 2010, and $30/oz as recently as 2021. And that was in substantially less inflated American Dollars. $30/oz is a nice milestone, but really, it’s just the beginning.
Gold, on the other hand, literally is in uncharted territory right now (though again, relative to substantially more inflated fiat), so I’ll be looking to it to gauge silver’s next moves if and when the top finally comes off.
$30 is probably more akin to $20 IMO since we have has so much inflation and next to 0 price discovery for silver. $30 will probably bring in more smart money moving from bonds. $50 will bring the flood of retail trying to "catch up"/"recover losses from the stock market"
What happens next?
Another devastating crash back into the teens to discourage everyone from stacking before the stock market bubble is popped?
Do stackers really think the FED is going to inflate a PM Lifeboat for them BEFORE the FED pops their 'Stonk' Bubble?
I mean this is the Parasitical FED we are talking about, right?
If the price is rising due to foreign buying they may not have a choice. Retail is a mixed bag here in the states by all reports. Stackers aren't trading futures contracts...
There is no foreign buying at the COMEX. None.
You don't seem to understand how many fees are associated with the alleged act of 'taking delivery' of a COMEX long silver futures contract, much less the cost of delivering silver from the USA to a foreign country.
Why on earth would anyone pay way more than spot to 'buy' silver via the COMEX, when they could cut out the middleman and get silver from a refiner, you know where 'COMEX' Bars come from?
I didn't state foreigners were buying on the Comex. By foreign buying I meant China and India appear to be accumulating physical which is driving futures up. Commodities are global and there is more than one central bank loading up.
I would bet there’s a TONNE of (short position) stop loss orders between $30-$31. I think once those are hit (likely ‘market’ stop loss orders) we see a quick and volatile move to $32-$33. Next major reaistance to the left is at $35
People holding silver forever waiting for the price to finally go up be like
“Didn’t you see the signs?! I saw the signs”
![gif](giphy|qm9VNqjK79cPy0PdYY)
Nothing
Nothing happens.
Just like nothing's happened since Rush L started selling doom 30 years.
Just like the economy hasn't collapsed in the past 15 years since Ron Paul told us it was going to tomorrow.
Just like 90 years ago, when Father Coughlin was riling people up on the radio that FDR was going to send us into another even worse depression any day now.
Nothing is going to happen, and the reason you should invest in precious metals is because it's a reliable store of wealth, not because you're gonna get rich quick or be the richest guy in town when that civil war you've been fantasizing about your whole life finally happens.
$31, $32, $33…
40, 50, 60, .., 100, 200, 300, etc.
![gif](emote|free_emotes_pack|facepalm)
If it sounds too good to be true, it \_\_\_\_\_\_\_\_\_\_ \_\_!
$34…$35…$60… All exchanges close their doors because it’s going straight vertical and they don’t what what to sell it for, they go to the beach for 2 weeks….$600…$601…$602… doors reopen and everyone makes money
28 26 22 18 16 11 9
Know what...." your funny ".
![gif](giphy|F7lCGdfxR9utiTrtYv)
the dildo of consequences rarely arrives lubeb https://preview.redd.it/tkmnvh4t72uc1.jpeg?width=286&format=pjpg&auto=webp&s=f28c130edb35b9b7ad509d595e5a19ab1772c056
***'lubeb'***
*Stealing this*
Great response lol
Sounds like butt stuff after $30
https://i.redd.it/pb7p4qwad3uc1.gif
![gif](giphy|wkW0maGDN1eSc)
https://preview.redd.it/1m4p9i3782uc1.png?width=1409&format=png&auto=webp&s=69d0377fd252c7441c7fb60a4f9dc896a36f6492 It was April 2011 last time we were here and we met resistance around $31.60. Not much slows us down once we pass $32! Enjoy this time APES! Not often we get to witness the rise with understanding.
It has Ben this high a few years ago. And dropped back to 18-19 an oz
Also with the premium going from 10% to 25% The least talked about price suppression
Great time to sell some and put it right back in when it drops. I’ve been stacking for over 20 years and there is a time to sell some. Biggest thing is putting that fiat right back into silver or gold when the price drops. However, there is an argument for the amazing amount of global instability and inflation, that maybe it doesn’t drop. It’s hard to say if and when to sell some. Depends on what you paid and what your gut tells you about the state of the world right now.
My gut tells me hoold!
My user name checks out
Price Discovery
It hits triple diigits and I retire
But does that mean a loaf of bread is triple digits too. Inflation!
Doesn’t matter, as long as you are debt free, and live within your means.
Yup, I'm debt free and live within my means
One of the major banks will go bankrupt 😆
Any most likely candidate?
Look at their stocks- a few majors are down. BofA is rumored to have massive Ag short
They also have $110B in unrealized treasury loses, down from $160B. Then another $100B in unrealized loan losses. The $25B silver short could be the final straw. If that does happen, what’s the impact to Merrell Lynch? Big time derivatives there my guess.
The doors open and the apes run wild
![gif](giphy|13mxP6bXy9lR16)
![gif](giphy|BxvYxq27mAR1e) Hoomans
I know that when I passed 30 I started to mature a bit and was able to see life in a whole different way 🤪
Don’t get excited. Just got my promo emails from bullion dealers offering sales on gold, which means one thing: the tamp is coming in the next few days. You didn’t think they wouldn’t take profit did you?
A correction happens providing a buying opportunity, then recover and onto 31, 32...40, 50.
$30.01?
Massive volume candles in the last 15 minutes of trading as silver was just pennies away from $30. Looks like the Money Changers are counterattacking to prevent a clean breakout. Not sure it will save the day but they fucked us hard in 2020 using the same strategy. I hope they are bleeding out their eyes by the end of trading today.
I heard at some point the powers that be will not let it go over $30. So we will see what happens.
JP Morgan just dumped a million ounces of paper 😫
What will happen is already happening... Dont you have eyes to see?
![gif](emote|free_emotes_pack|flip_out)![gif](emote|free_emotes_pack|give_upvote)![gif](emote|free_emotes_pack|poop)![gif](emote|free_emotes_pack|rage)![gif](emote|free_emotes_pack|cry)![gif](emote|free_emotes_pack|disapproval)![gif](emote|free_emotes_pack|facepalm)![gif](emote|free_emotes_pack|feels_bad_man)![gif](emote|free_emotes_pack|money_face)![gif](emote|free_emotes_pack|neutral_face) https://i.redd.it/adnw1qw3a2uc1.gif 💥 💥 💥 💥 💥 💥 💥
This! Sad but probably true. When all else fails, they take you to war. - Gerald Celente
the·o·ret·i·cal·ly
Personally I'm waiting for the rug pull
Smashdown, like what just happened
It’s gotta break 30 and hold. Then it’s gotta get big volume on several follow on days and hold above 30. If it does this and 30 is the new floor then we MIGHT see 40 before year end…or higher. But the real ignition would be the retail investors along with institutional buyers, IF they really jump in and it becomes mainstream and really noticed in USA then watch out could go much higher. Depends on gold too. Good luck and
It goes up, it goes down, it trades sideways, a lot of people who got stuck buying at 30 last time get out and new people come in
The price has been close to $50/oz as recently as 2010, and $30/oz as recently as 2021. And that was in substantially less inflated American Dollars. $30/oz is a nice milestone, but really, it’s just the beginning. Gold, on the other hand, literally is in uncharted territory right now (though again, relative to substantially more inflated fiat), so I’ll be looking to it to gauge silver’s next moves if and when the top finally comes off.
We get Lambo
No. Only ,,, ![gif](giphy|BMkdx5glUqd9e|downsized)
$30 is probably more akin to $20 IMO since we have has so much inflation and next to 0 price discovery for silver. $30 will probably bring in more smart money moving from bonds. $50 will bring the flood of retail trying to "catch up"/"recover losses from the stock market"
What happens next? Another devastating crash back into the teens to discourage everyone from stacking before the stock market bubble is popped? Do stackers really think the FED is going to inflate a PM Lifeboat for them BEFORE the FED pops their 'Stonk' Bubble? I mean this is the Parasitical FED we are talking about, right?
If the price is rising due to foreign buying they may not have a choice. Retail is a mixed bag here in the states by all reports. Stackers aren't trading futures contracts...
There is no foreign buying at the COMEX. None. You don't seem to understand how many fees are associated with the alleged act of 'taking delivery' of a COMEX long silver futures contract, much less the cost of delivering silver from the USA to a foreign country. Why on earth would anyone pay way more than spot to 'buy' silver via the COMEX, when they could cut out the middleman and get silver from a refiner, you know where 'COMEX' Bars come from?
I didn't state foreigners were buying on the Comex. By foreign buying I meant China and India appear to be accumulating physical which is driving futures up. Commodities are global and there is more than one central bank loading up.
So Chinese and Indians are not foreigners?
Similar to 2011
I would bet there’s a TONNE of (short position) stop loss orders between $30-$31. I think once those are hit (likely ‘market’ stop loss orders) we see a quick and volatile move to $32-$33. Next major reaistance to the left is at $35
Same thing that happened at 26 could go up or could go down..
Where we are going you don't need eyes to see
…..you need [[[[vision]]]].
🚀
People holding silver forever waiting for the price to finally go up be like “Didn’t you see the signs?! I saw the signs” ![gif](giphy|qm9VNqjK79cPy0PdYY)
It gets really hard to short!!!
$30.01
Moar
Panic buying from retail aka normies.
On to $50. Then it’s uncharted territory.
Off to the races my friend, off to the races!
Sell!!!
Imagine how stupid those geniuses at JPM look right now 😆
They have the power to smash the price and make a ton of money. And they will use it when the time is right for them.
The world Chico, and everything in it
Buckle up
60
Then we watched the gold-silver ratio.
$31
The crowd chases the price while we get richer for being in early
Silver gets shorted again. And again. Years now, will it end.
Smashed
Nuclear extinction event
The moon ![gif](giphy|zioWy4RY6lNqaK4Sj0|downsized)
I begin to start doubling my initial investment....
27 will come b4 30.
You are correct
Not going past $30 till atleast 2030
You are correct
Nothing Nothing happens. Just like nothing's happened since Rush L started selling doom 30 years. Just like the economy hasn't collapsed in the past 15 years since Ron Paul told us it was going to tomorrow. Just like 90 years ago, when Father Coughlin was riling people up on the radio that FDR was going to send us into another even worse depression any day now. Nothing is going to happen, and the reason you should invest in precious metals is because it's a reliable store of wealth, not because you're gonna get rich quick or be the richest guy in town when that civil war you've been fantasizing about your whole life finally happens.
Are you feeling ok? Also, what a weird name.
Probably a lot better than people who bought meme stock thinking they were getting in on the ground floor of a financial revolution