>>12787447

The damage via GME has been done and the target is destroyed.

They are already caught in the short squeeze that will happen on Thursday and there's not really a whole lot that can be done at this point. If you want to spend all of your money to cost the printing press a few extra milliseconds of printing time - have at it.

Silver is the killshot on the banking interests. The entire bullion market has already pretty much evaporated within 72 hours of the small players nibbling at it. The bigger players are buying up contracts and holding them for delivery.

That will trigger a market meltup that can easily send Silver to $500 per ounce or even higher to well over $1K.

This will spill over into gold and trigger its own meltup, albeit somewhat slower as the Silver market is only $70B in market capitalization while Gold is something like $9T and there is much more bullion in financial and state interests compared to silver - which is in the hands of the public.

To put it into perspective for you - for every 1 share of stock available in GME, the hedge funds shorted 1.4.

For every 1 ounce of silver deliverable on the comex, there are between 100 and 250 contracts for delivery of that silver being traded on the comex.

For every 1 ounce of gold deliverable in the comex, there are around 150 contracts for it being traded.

JP morgan et al will be selling their futures and derivatives to try and hammer the price back down - but doing so also puts them in the hands of the public (who will demand delivery) and further jack price up.

Then they will not be able to re-enter the market, particularly if the silver bugs hold (and most of them have been classic DOOMSDAY preppers who intend to be trading in silver when "money" is worthless… So what do you think their odds of settling in cash is?)

I won't datefag, but it would not be surprising to see $100 silver out of the current market push. Unlike the GME thing, which most people don't care for - any idiot can look at the history of inflation and the "you are here" of doubling the currency supply inside of a year … And come to the conclusion that their dollars will soon be worthless and owning any amount of silver is infinitely more practical than the bank account being stolen from by the printing press.

The big financial markets haven't even woken up, yet. Auto trades catching up and the asian and european market are what are reflecting silver spot at the moment. It is at over $30 at the moment and if you think it is going to lose steam at $40 or even $60….

I should point out - the exchanges are OUT of silver. All of them. You might find some pawn shops crazy enough to sell it but that won't last long.

Pretty much the only sources of new silver on the market are mining output and people selling off jewelry. Real silver cuttlery hasn't been a thing for decades to centuries and most of that worked its way out of the woodwork back when the hunt brothers tried to corner the market 50 years ago.

Or if you think the stacking doomsday preppers are going to turn out to cash in their personal little vaults for dollars.

There are still ways the machine can fight this - but it can't change material reality. Metal is less flexible than the mathematics of finance and accounting.

>>12787628

Clearly, the rational assumption to make is that $15 silver is the natural and sustainable market price for silver.

>>12787627

This depends entirely upon who you are buying slv through. If you go dorect through a broker or your own market access and buy THE contract - then you are the owner of the contract. The trick is that you have to be able to buy at least a thousand ounces at a time.

It is true that in most cases where you invest in slv through an app or something similar, you are buying into a contract owned by someone else. Exactly who depends.

And while most of the smaller players should be buying physical silver - part of the funny thing is that there is none at the moment. That is how small the market is.

Well - there is still some floating out there - but the exchanges have no idea when they are going to be able to service demand. For all intents and purposes, all of the physical silver supply between the exchanges and the mints is gone and has been purchased.

The purchasing of slv via an app is not the end of the world, but what would be more optimal is for someone to develop a means for people to buy into some group contract purchasing means that then divides out the silver, gold, etc. For example, if I can't afford a $40k ailver contract, I could still put $4k down and several others could fill the remainder (or however many) and the delivery is then received and distributed to its financers.

Rather than holding a claim against a claim owned by someone who may or may not have the physical.

>>12787682

You do you, anon.

What I am going to tell you is that the hedgefunds will get bailouts. The ceo who did that to said hedgefund will get hired on at another specifically because he would have made a fortune if he just had better cover to prevent discovery of his move.

A hit was scored. A few million in market cap has been able to cost a hedgefund billions. If you want to try to drink the printing press under the table - have at it. The people who hold GME should not sell. The reason GME shot so high is not because redditers were throwing their life savings at a $300 stock - but because they threw it at a $40 and $50 stock to push it outside key resistance and into the realm of loss recovery efforts.

I'm not going to throw my life savings into a stock that is curretly radically overvalued just to piss in the cornflakes of a hedgefund to satisfy my own vain desires.

If others have the kind of money to put the extra squeeze on the hedge funds - the more power to them.

However, I am not going to sit and act like it is going to be some kind of change of the financial winds for people to throw their earnings against a heavily overvalued stock just to hurt hedgefunds and others who will be bailed out by the printing press.

That may feel good and have its own value in a way, but it is not how you play smart.

You smack the banks against an asset like silver, gold, land, etc. You don't try to drink the printing press under the table when you have to ask the owners of that press to pay you.

>>12787767

>"I'm going to zero in on this one thing to try and say you are stupid rather than address the point of your statement."

None of what you tried to point out actually contradicted anything I said. You are not getting a promotion around here, there is no need to play the "I am not as stupid as him" game.

>>12787780

I watch the spot price for a reason.