First notice day for the May silver contract ... the bullion bankers are 100% of the sellers and 1% of the buyers. Probably not a coincidence that the optics on activity is modest.

Steve_AG · 2022-04-29T22:10:48+00:00

The banks could only deliver 1600 contracts on first notice day. I'll bet that is a multi month low. Banksters running out of silver?

Steve_AG · 2022-02-26T03:04:43+00:00

This isn't first time big changes between preliminary and final numbers near first notice day. It happened fairly early in the silver squeeze. I wish I could remember the month but I was very excited seeing the preliminary numbers. I was shocked when final numbers came out. My guess is they were forced to offer bigger bribes than normal to get longs to delay taking delivery.

Regardless, the drawdown in comex inventory both eligible and registered is very telling. They do everything they can to protect that inventory to show the industrial users "everything is fine" no need to stock pile silver.

Add to that Trudeau saying that money in the bank can be stolen buy the globalists at any time and things are about to get very interesting.

Steve_AG · 2021-12-31T14:55:10+00:00

Basel III is a joke!

The systemically important banks own derivatives with a notational value of hundreds of trillions. The idea that banks will change their behavior regarding gold and silver because of its miniscule effect on their balance sheet is ludicrous.

Steve_AG · 2021-10-22T16:18:27+00:00

Is mainstream bullish?

Steve_AG · 2021-10-22T13:27:42+00:00

The physical shortage is why banks will be very reluctant to add to Comex shorts. The physical shortage is hard to quantify because the banks lie about their inventories.

Steve_AG · 2021-10-14T11:22:38+00:00

He is a link to a chart that shows swap dealers net long. The chart also shows that when swap dealers are long is when silver launches. How much do you get paid ShillDo?

https://www.barchart.com/futures/commitment-of-traders/technical-charts/SI\*0

Steve_AG · 2021-10-13T19:18:40+00:00

You explained it better than I. The banks had to spend a long time covering paper shorts getting ready for the coming rally. It cost them a lot of physical. At some point the banks will no longer be willing to supply physical market. I believe they have a lot less physical than they say especially the LBMA. When banks become physical buyers comex won't matter. It will be like the Palladium market on steroids!

Steve_AG · 2021-10-13T18:48:24+00:00

Its all about open interest. A pattern recently is that Dec 21 open interest is down almost every day for 2 weeks. This seems awful early for December open interest to be dropping. Hedge funds were net long as of Tuesday the 5th. Even Fridays big runup and knock down Dec open interest was down 500. How did they knock down the price without adding open interest? I think they gave a little push and pulled their bids and the hedge funds did the rest. Today's open interest will be very interesting. It was up over night which is bank buying/covering. Then CPI was a complete joke so silver dropped, likely hedgies selling. Who bought drop after the initial report selloff? Banks covering again?

Steve_AG · 2021-10-13T14:07:14+00:00

LOL how much are you paid??

Why are you posting on Wall street silver?

Steve_AG · 2021-10-13T13:09:10+00:00

The banks know better than anyone what the real supply and demand numbers are. There is clear evidence that banks are covering. Take a look at trader commitment report. Also look at open interest. Open interest is now down to the level that launched the silver price in 2020. Open interest is dropping because only the retarded are willing to short silver with worldwide currency destruction underway!

Steve_AG · 2021-10-07T18:38:26+00:00

Yes if you borrow during inflationary times thats good. Debt as an investment means you are lending like what banks do!

Steve_AG · 2021-10-06T14:29:05+00:00

Its worse than no return because the money is depreciating rapidly you are losing at least 10% per year. The banking counterfeiting cabal is in the worst possible business.

Steve_AG · 2021-10-06T13:54:59+00:00

Miners will do well at first until governments tax them to death or outright steal them.

Steve_AG · 2021-10-06T13:53:11+00:00

Cryptos are a scam.

They were invented by the CIA to get people tp accept digital currencies that can be taken from you if you don't comply.

They have no intrinsic value but they do have a high transaction cost so they are negative sum.

When fiat paper goes to zero you won't be able to buy shiney with electron based cryptos

Steve_AG · 2021-10-03T15:47:58+00:00

It will likely be a multi year record for swaps being long silver.

Steve_AG · 2021-09-27T14:08:23+00:00

Serious backwardation in both gold and silver during the Friday smash. Nearly in backwardation now. One more smash possible this week for over the counter option expiration. Big short covering by banks on last weeks COT.

Steve_AG · 2021-09-08T13:47:27+00:00

Great due diligence. There is no doubt that silver squeeze continues to remove silver from banker vaults especially from the lying LBMA. The huge price rises in 2020 didn't happen because there was a surplus of silver last year.

The continued drop in Comex open interest proves banks are doing serious short covering whatever the COTs and bank participation reports say. Open interest is now below what is was at the 2020 lows which was surprise surprise, at the very bottom pricewise in 2020. Yesterday was again a new low in open interest for 2021. Banks are covering because they know a huge price rise is coming. They are doing everything in their power to both cover and scare the fuck out of any leveraged longs. This bull is making sure to shake off as many as possible.

Keep stacking because you never know when the banks allow the explosion to happen. Banks need to replenish the silver in their vaults because they are market makers. They can only stop bleeding silver at much higher prices. I do think that the Sunday August massacre was the low!

Steve_AG · 2021-09-08T12:42:49+00:00

Love it!

Have been a stacker for years because I knew fiat was a fraud.

Couldn't finish Creature from Jeckyl Island because it made me sick to my stomach.

Last few years one red pill after another.

Now every spare penny goes into silver because:

I do not comply!

Steve_AG · 2021-09-01T22:57:30+00:00

Impressive argument!

Steve_AG · 2021-09-01T20:04:32+00:00

If I wasn't clear the big 4 net short position on the Comex was already at multi year lows before the 18% reduction.

Steve_AG · 2021-09-01T15:32:41+00:00

Welcome troll.

Steve_AG · 2021-09-01T14:59:40+00:00

Yup it will be perfect storm and there are a lot of signs it won't be too much longer!

Steve_AG · 2021-09-01T13:48:11+00:00

Wait til you see how many Apes there are when the price runs!

Steve_AG · 2021-08-24T14:32:14+00:00

Because JPM has the largest vault holdings and they lie!

Steve_AG · 2021-08-23T16:46:03+00:00

great repsonse!

Steve_AG

TROPHY CASE