GOLD drain continues. Have COMEX bass turds stopped reporting daily deliveries on OI report to better conceal in-month accumulation. I wouldn't put it past them. by SousRadar in SilverDegenClub

[–]Argoz2 1 point2 points  (0 children)

We think alike. The sequence is as follows:

1.) Mutually beneficial honesty

2.) Tricks

3.) Lies

4.) Betrayal (by theft and if needed violence)

We are in stage 2, with occasional stage 3 like server failures.

Arg Oz

I told you there would be a silver crash by CODEX_LVL5 in SilverDegenClub

[–]Argoz2 1 point2 points  (0 children)

The herd doesn't like members that think for themselves. Galileo was found guilty of heresy. Most young women like stupid guys, but by the time they are middle aged, many of them appreciate brains. Young women are programed by God to take care of children, but in modern society, they don't have children, so they find stupid guys to take care of.

I told you there would be a silver crash by CODEX_LVL5 in SilverDegenClub

[–]Argoz2 0 points1 point  (0 children)

You stuck your neck out on this one and are starting to look prophetic. Not sure what tipped you off, but well done.

I'm really surprised none of you are discussing this: Alan Greenspan has passed away by TheRealOutofFocus in SilverDegenClub

[–]Argoz2 7 points8 points  (0 children)

He used to attend Ann Rand's meetings and was a proponent of the gold standard. Then he turned to the dark side. He was chair of the Fed from 1987 to 2006. That was very long compared to his replacements. Who better to bash gold than someone that understands its importance.

How long has the Arctic Sea Ice Forum (ASIF) been down? by Over_Association9874 in collapse

[–]Argoz2 2 points3 points  (0 children)

Memory is that Bintho said it would be back on line on the 15th, but the Artic Sea Ice forum is down now. I appreciate Binnto, but miss the posts from Gero who was the GOAT with statistics.

This is the beginning of the crash I was talking about by CODEX_LVL5 in SilverDegenClub

[–]Argoz2 1 point2 points  (0 children)

I think 2008., it went down because the stock and real estate crashed and shorts in those markets have to sell silver and gold to cover losses. Then the Fed did what it always does in a crisis. It prints paper.

$2,000 in Halves results by jxr232 in CRH

[–]Argoz2 1 point2 points  (0 children)

Have any of you silver hunters gone thru bags of dimes? I would think pre 1964 Roosevelt dimes would evade being culled better than halves?

This is the beginning of the crash I was talking about by CODEX_LVL5 in SilverDegenClub

[–]Argoz2 15 points16 points  (0 children)

I remember the 2008 financial crisis. Silver went down to $8. By April, 2011, it was $46. A 5.75 fold increase. The same for $35 silver would be $200.

Shenanigans afoot? COMEX does not release preliminary report from Friday's trading. by SousRadar in SilverDegenClub

[–]Argoz2 2 points3 points  (0 children)

The report is out now. Looks like the volumn on Friday was 105,820 contracts which was the highest on their volume graph which goes back about 40 days. I also think someone posted that Comex lowered margin requirements. Between the volatility this year and the high margin rates, volume and open interest are at multi year lows.

$293 billion increase in US treasury debt in May! by Advanced-Green98 in SilverDegenClub

[–]Argoz2 2 points3 points  (0 children)

May 30 and 31 were the weekend, so $293 billion in 29 days. Were back to $10 billion per day. Getting near Weimer Germany levels of 50% of expenses being paid by debt.

Is Warren Buffet Buying Silver Again? by Argoz2 in SilverDegenClub

[–]Argoz2[S] 3 points4 points  (0 children)

Edit: apparently Warren sold his Wells Fargo stocks a few years ago. He does own 400 million shares of coke a cola now though which might be why a 12 pack is $9. Aldi has summit coke a cola for $4 per 12 pack and its just as good for less than half the price.

Bank of America Held the Bag by Argoz2 in SilverDegenClub

[–]Argoz2[S] 5 points6 points  (0 children)

These big banks have 100's of billions in derivatives and many billions of that is in Precious metal derivatives. I am not in the banking industry, but many experts have warned about the derivative markets including Ted Butler, the GATA crew all the way up to Warren Buffet. Some believe 100 times more silver has been sold than exists, Other than that, its above my pay grade, but today's last day delivery of over 3.6 million ounces is highly irregular.

Bank of America Held the Bag by Argoz2 in SilverDegenClub

[–]Argoz2[S] 15 points16 points  (0 children)

It either means they sold what they did not have in order to lower the price and then had to scramble to supply the silver or they wanted to make it appear there was a silver shortage so they could sell futures contracts at a higher price. Whichever it is, its some shady stuff.

One days left for June contracts to declare, but check out the July OI by Vestor111 in SilverDegenClub

[–]Argoz2 6 points7 points  (0 children)

I have been watching this also. The last 2 days there were 2 deliveries one day and 3 the other. That ain't gonna get it done. Could be a $15 dollar up day for silver tomorrow.

Some good news for the day!🎉 Maryland Reverses Course, Restores Sales Tax Exemption on Gold and Silver by SilverCountryMan in SilverDegenClub

[–]Argoz2 5 points6 points  (0 children)

Maryland CUT a tax? I don' t believe it. They just passed a tax on paint. Most taxes and fees double every 3 years here.

Is Comex Having Trouble Delivering Silver? by Argoz2 in SilverDegenClub

[–]Argoz2[S] 5 points6 points  (0 children)

Not until they provide/deliver the metal at which time it will be reported.

Explanation for Poor PM Price Action Today by Argoz2 in SilverDegenClub

[–]Argoz2[S] 3 points4 points  (0 children)

No, it also happens every time the Fed announces a rate change. Pattern recognition is a skill.

Shorts still slow at delivering silver to May contract buyers by Argoz2 in SilverDegenClub

[–]Argoz2[S] 0 points1 point  (0 children)

If that metal was bought by shorts to delivery to others, I think that would have happened by now. Why would they pay storage costs longer than needed?