/biz/ - Business & Finance

>>21215851
Gold is looking like a coiled spring ready to explode

>>21215896
i only got 5g of gold, assuming it doesent moon this week ill probably get some on Tuesday

Get your silver predictions in now

>>21215952
Whipsaw in 10-20 min

>>21215851
rolling for 30 EOD

In Europe right now:

Bayhorse Silver +31%
Tinka Resouces +18%
Blackrock Gold +15

All small-cap silver stocks.

>>21215952
$160 in 2021 or 2022

Longer term 1:1 with gold.

>>21215992

Other silver stocks also doing well:

DSV +7.6%
Aurcana +8.5%
Kootenay +6%
Silver One +6%

Guys I know we had some anti-physical troll spamming for the past few weeks. But are there any advantages to buying silver stocks over physical?

>>21214985
There is 110T USD held in bonds worldwide right now. What the fuck are you on about dumbcunt? Most bonds are held by institutional investors

The confiscation meme is starting to worry me, /pmg/.

PM moons almost always coincide with fiscal crises, and even though governments probably won't confiscate gold specifically to enact a gold standard (that's likely the last thing they want), they WILL want to own as much gold themselves as possible, so as to help them finance their own liabilities.

And they definitely will seek to curtail the use of gold as a currency or store of value. Even if they don't actually go door to door in the way American right-wing boomers are always fretting/fantasizing about when it comes to guns, they absolutely can shut down online sales and deals, they can establish a phony government exchange value to legally rob you, they can do their best to prevent you from taking it overseas.

I just bought 1,000 of these for $11/oz am I gonna make it

why are gold and silver traders so often schizos?

>>21215952
>>21215979
Rolling for BIG september dip and little demand.

>>21216048
But they will never find it

>>21216037
>more liquid, you can buy and sell at the touch of a button to take advantage of the GSR
>you don't need to sweat bullets at the airport, your paper PMs are anywhere you are
>Tyrone can't break into your house when you're at school or work and swipe them

>>21216070
>German silver
You did Google what that is before buying right?

>>21216078
As a placer miner, iv wondered this as well. Some fellas are wack, god bless them though

Here we go the moon mission is back

>>21216103
I prefer german products

>>21215851
No mad dip on monday. Looks like a similar pattern to 2 weeks ago. Week end 32 and change perhaps?

>>21216070
>copper 50%-61.6%
>nickel 21.1%-30%
>zinc 17.2%-19%
you do know you didn't buy silver, right?

>>21216037

Imagine not merely owning silver, but owning a company which will give you silver ounces on a regular basis, for years or even decades. That is why SILJ is 3x leverage to silver, and small-caps can be 10x, 20x, or 30x leverage. Silver went 10x in the 00-11 bull market, but First Majestic went 150x. The same thing will happen this time. DSV, for example, has 1 billion ounces of silver in the ground; GSR 1:15 would make those word 72 million ounces of gold. When you buy DSV, you buy a part of that. That's why Eric Sprott, who is one of the greatest silver bulls in the world, has sunk an enormous 60 million dollars in the company (and his net-worth is only a billion).

>>21216037
But I'm not the paperfag. I still prefer physical because if you don't hold it you don't own it is true all the same, and even though in normal times ETFs are almost certainly better than phys generally, in abnormal times like this (which are of course the times you really want PMs) there is too much paper chasing too little IRL metal and so you the little guy will be last in line to actually cash out.

Basically both have massive negatives, but at least with physical PMs you can actually take it out of the system, even if in practice there are obstacles there too.

>>21216070
>>21216124
This is a masterclass troll job. Hats off to you, sir.

>>21216124
And you didn't get confused by the buffalo and the united States of America on the bar?

>>21216048

I don't think that they can get away with confiscation this time. The internet is exposing them and their financial mismanagement to such an extent that there would be a revolution. This isn't 2011 any more, when the only people buying gold and silver are people who listen to Alex Jones or read ZeroHedge. The money printer meme is everywhere. In any event, the more concerned you are about confiscation, the more active you should be in spreading the word about PMs and trying to get them into as many different hands as possible. The more people own gold and silver, the greater the number who will resist any tyrannical orders to hand it over.

>$2040
if we cum over 2050 I am shorting gold again

>>21216070
All ethnicities of silver are welcome in this thread.

WTFWT

>>21216124

>>21216202
gold will crab at 2025-2040 all week.

>>21216206
>>21215977

>>21216219
>based crab giving me small profits and chance to escape from shorts
good

>>21216038
Yes, but at negative real interest rates, Treasuries will be locking holders into *losing* money. In September, the Fed is going to drastically change policy to institute yield curve controls and abandon the inflation target. They will be institutionalizing even steeper negative real rates with that change. Holding Treasuries at that point will be difficult to justify.

>>21216048
there is a lot of chatter about it. that's why legal denominated silver bullion is insane to get.

reminder that record inflation and low interest rates are priced in

>>21216272
Yeah, exactly which is why gold has been rallying like this. Short term rally in real interest rates has caused a slowdown in gold's momentum. I don't think it will last, though, but we might have to wait a bit longer for 2.1k than we had to wait for 1.9k-2k.

>silver drops to its lowest when I'm sleeping
What is this shit

>>21216124
Nah, the proper response would be a freakout with a pink wojak. 7/10 made me reply.
Bought some ancient chinese gold from etsy, it was a bargain!

>>21216087
>>21216143
>>21216147
Thanks guys. I've been stacking physical and looking to diversify into ETFs and mining stocks

>>21216328
Have you actually looked at yield curve movement?

Yields have been falling since June

>>21216378
Yes? They were up on friday following NFP.

>>21216378
10 year yield is currently down 1.39% just today!

>>21216378
>>21216272

Gregory Mannarino says that talk of YCC is a distraction, and that the bankers have already been manipulating the yield curve for months. Would make sense, because who would be stupid enough to buy treasuries right now and keep buying them as yields and the dollar are plunging to record lows. Yields nearly spiked to 1% at the beginning of May, but have been going down ever since; would make sense that the curve has been manipulated since then. They may be doing additional Q. E. in secret.

Not a bad day.

>>21216395
>>21216430
That means real yields are falling
>>21216453

https://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages/textview.aspx?data=yield

That's just regular volatility.

https://www.tradingview.com/symbols/CBOE-TYVIX/

They don't actually have to implement ycc to get the effect. If they say they might implement it if the ten year yield gets too high, traders will buy it up because they have a put at 80bps of 1%. That's why yields have been falling, they intentionally gave an implicit limit order to the market. The Fed doesn't really care about yields further out than the 10y

>>21216545

The spike looks highly anomalous to me. Bear in mind that if it got even a little higher than that, and stayed there, the market would have crashed. 3% yields crashed the market in late 2018, and that was before they printed an extra seven trillion and inflated the asset-bubbles to a far greater extent. Maneco64 doesn't think that the system could manage even a 1% yield at this point.

this support at 2028 is about to get blown the fuck out

I've heard that you like big red dildos so you can buy cheaper

Here we go

Why normies will not buy until it's too late and will get FINANCIALLY RUINED by inflation:

1) MOST OF US WILL NOT TELL THEM

Talking about PMs especially positively hints at the fact that you hold them, which presents a theft risk. Anyone who holds them has a strong incentive to never tell anyone, not even close friends or family. Your Dad who you trust tells your Mom who you kinda trust who tells your cousin who you don't trust at all who tells Tyrone. So you don't tell your Dad, and your Dad doesn't buy any PMs and gets wiped out by inflation.

2) THE GOVERNMENT WILL NOT TELL THEM

Goes without saying, governments don't like anyone but them owning PMs for obvious reasons. This is why schools, financial advice bureaus, national TV stations etc. don't and won't promote PMs.

3) FINANCIAL ADVISERS WILL NOT TELL THEM

Financial advisers and brokers won't advise their clients to buy PMs because there's little profit there. Anyone who understands PMs quickly realizes they can invest in them on their own. It's a rock, you buy it online from mints or eBay, done. No profit really for the middle-man compared to the commission these guys take every time they buy a stock bond or ETF.

4) (((GOLD MERCHANTS))) WILL TELL THEM, BUT WILL BE MISTRUSTED

Since the only people with an actual incentive to encourage PM investment and purchase IRL are actual unironic gold shills like Schiff, the average person won't trust them. They will suspect a wholly selfish motive and often steer clear. "What's their angle".

So basically the average person isn't going to buy, maybe not even when inflation starts to bite. They will buy all kinds of other things first: food, guns and ammunition, alcohol. They will only possibly start getting in when banks and institutional investors have already picked the market clean.

There is essentially no way to change this situation as a whole, except in isolated and individual cases.

time to short

>>21216726
And by the time it's on the Six O' Clock News and normies want to buy, institutional investors and banks will have gotten their first, by definition. They will only hear about it when the price has already mooned almost all the way.

>>21216685
fuck she is so hot. i barely fap to 3d anymore.

I think we'll get some corrections still. I've been into gold since 2006 and while I obviously haven't seen this movie before, I have seen the ups and downs. For example, if we see wild downward movement in the stock market again like we saw earlier in the year, gold and silver stocks will crash too. The miners will get hit really hard. But after that reckoning, we'll see a huge bull run I bet. I guess I say that to say that I still believe people have some time to get into metals and to spread out their buying.

>>21216726
Ironic that the (((gold merchants))) are the best of them.

So are merchants keeping silver down or should I still buy some SILJ and PSLV this morning? /smg/ seems to think the moon mission is being suppressed but I'd like to hear what the real metal heads think

>>21216726
Brit here, just got back home, talked to the biggest metal dealer in town. Asked him if there is any increased interest and if he has any bullion for sale. Basically he said people are completely unaware, he only buys bullion, sells only JEWelry and watches. The place was empty so had a bit of an honest conversation, he can't believe how people are completely unaware what's about to happen, that Brits never experienced that kind of crisis, that's why they're clueless how to defend themselves from it.
Interesting times coming, lads. Buy more gold and silver if you can, remember that the UK only has 300 tonnes of it...

>>21216837
General consensus is that the gsr is going to keep coming down as paper short interest in reduced/liquidated. General consensus is that gold still has a good way to go in the short-medium term.

I wish there was a dashboard with metal prices, mining stock prices, dxy, etc.

>>21216726
You are very right, there will be no positive media attention, just so the Jews at CNN can buy more. YouTube will be the last place with positive metal news, watch YT banning bullion channels for spreading alt-right racism and transphobia.
We should all start preparing for the eventuality of gold/silver delegalization...

>>21216916
Why is the GSR important? Does silver not have any room to run?

>>21216936
Just make one...

>>21216791
Even without the theft risk issue, the tragedy is that we all have an incentive to discourage anyone else from buying, I mean we probably would individually want to help our friends and family (without the theft risk), but especially on an institutional level, there is NO incentive for anyone to advocate it. Because anyone else is a competitor.

Even say a commercial news or TV station with both no ties to the government OR a financial group with a specific interest in the public not buying PMs still isn't going to advocate it. Why? Because anyone with an interest in buying PMs' interests are diametrically opposed to those of potential PM investors.

If I am the owner or major shareholder of a broadcaster or newspaper who thinks there are serious problems with the monetary system, do I have an interest in seeing other people buy PMs? No, of course not. In fact, the more concerned I am, likely the more I want to get my hands on as much cheap PMs as I possibly can, rather than the general public. I might not consciously keep the public in the dark, but am I going to be motivated to do much to get others to buy them? Probably not, even if I think I'm a nice guy who would like to help others or whatever.

>>21216957
No I'm saying it does. If naked short interest falls/implodes, the real market price will emerge which will be driven by the gsr

>>21216887

I agree. Explained in these posts how completely doomed Britain is. >>21211017 >>21213598 We have no economy, and, when the system collapses, everybody will be left completely on their own. The government has no money left to help you. It has wasted every last penny.

>>21216956
>We should all start preparing for the eventuality of gold/silver delegalization
I have a hard time they are going to bother with that. So few people actually own gold and silver they wouldn't be collecting much

>>21217041
Ah alright good deal. So the real market price is potentially being suppressed right now? By short interest? Why would people want to keep the price down, to just buy more themselves?

>>21216976
Brainlet
I always want other people to buy what i already brought, that moves the price up

>>21217100

Everything is explained here:

https://www.youtube.com/watch?v=9EOPKizJ_Y4

>>21216957
We pull 10 oz of silver out of the ground for every 1 oz of gold. And 7 of those silver oz get consumed in industrial uses. A GSR of 70:1 is completely unjustifiable and is purely manipulation only allowed by the demonetization of gold and silver.

>>21216973
I don't know how :o(

>>21217100
Watch the video anon linked. JPM had monopolistic control over the silver market and could make regular profits by keeping it washing in a price range.

>>21217119
I'm not sure I follow. It's in the interest of every person who is not finished stacking to keep the price as low as possible for as long as possible, right up to the very moment a monetary crisis occurs.

>>21217100
So they can buy more and so the companies that they own majority in stocks in can continue to produce hi-tech. Technology needs cheap silver, you can't sell affordable smartphones/elec. cars/solar panels with $300/ounce silver.

>>21217155
So taking that into account as well as the fact that SILJ and PSLV are both up around 2% before open, I should be buying?

>>21217119
That's only the case if you aren't sure it will moon without their participation. But if you know it doesn't matter what anyone does and it will still moon no matter what, you are now incentivized to keep the price low as long as possible. Same thing people with LINK do.

>>21217221
>affordable smartphones/elec
and there is the kicker these things should not be as affordable as they are but they want to use them as a means of social control. They are applying the lessons learned in the field of cybernetics and they need all the cheep gadgets.
The death of big tech would be a blessing to everyone

>>21216976
No, anyone that already has a position sizable enough to where future inflows into won't have a material impact on its size advocates the position. This is why hedge funds will release a long thesis after they buy all the stock they want. The sooner the price normalizes, the faster they get the full return, which in turn increases their long term CAGR.

>>21217100
I'm not an expert on the COMEX, but because it was the first gold exchange in the US, everyone uses the quotes from it to determine physical metal prices. HOWEVER, the leverage to physical is pretty big on the comex. Basically, if new money flows into the comex to take long positions on silver or gold, traders will sell them those contracts without having the actual metal to back the contract because they know it's unlikely they'll request delivery. This means (theoretically) that the long interest on metals could double without effecting the supply because paper gold and silver has an infinite supply. Add on to this that a large portion of the gold in NY vaults is actually owned by someone else and leased to the traders and you can see how the price isn't the real market price. There's a ton of naked short interest that is soaking up the liquidity trying to go into the real asset, which prevents the price from rising like it would naturally.

>>21216791
Peter Schiff is both a literal gold merchant and a (((merchant))) too, right? Amusing to think about really.

>>21217320
>without effecting the supply
affecting the price*

>>21217235

If you're a long-term investor, you simply buy and hold without delay. In March, it didn't matter whether you bought silver at $14 or $15 now that the price is $29. It didn't matter whether you bought DSV at 0.30 CAD or 0.40 CAD now that the price is 2.30 CAD. If you buy SILJ today, especially at the open, the price may go down today, or tomorrow, or the day after tomorrow. But, in the long run, it's going 10x.

Get ready for AUY and Great Panther to fucking rip at open

>>21217235
I don't know what volatility the short term will bring, but long term, it's going up. I'm not trading, I'm holding. Primarily physical, PSLV, and miners (including miner ETFs) and miner options. I'll be picking up more PSLV this morning myself, but I don't read charts to try to find best entry point...I just know it's going up eventually.

>>21217383
So maybe wait an hour or so after open to buy in, see what's happening? I was holding SILJ a week ago and the volatility/red crabbing scared me out but you guys are convincing me to buy back in

>>21217443
good I have shares of GPL and call options

>>21217443
Longest 30 minutes of my life. I've already decided to completely quit the stock market after the next stimulus wave and put all my gains in physical. MAYBE I'll consider some crisis-immune stocks just in case, but what the fuck would grow in a situation like we're going to have for the next 5 years? Amazon?

>>21217473

The very fact that you and others got shaken out on a day when silver was up 10% is evidence that the bull market hasn't even started yet. Silver is still only going up because of the easing of manipulation. If silver plunged even to 23 dollars, and stayed there for six months, the earnings for the companies in SILJ would be so remarkable that SILJ would double or triple. To say nothing of what SILJ is going to do at $28 or $29 silver, or even $50 or $100 silver. People don't have the faintest idea how undervalued these mining stocks are yet. The only reason why silver isn't the most undervalued asset on the planet is because silver mining stocks exist.

>>21217357
Yeah, but he and his dad are the good ones. Anyone trying to argue for sound money so that other kikes can't swindle us anymore is a friend.

>>21217493
Amazon in requires a lot of fixed capital to function. Ebay is a better buy because if FedEx starts getting scrapped you can use another shipping method immediately. If you're holding shares right now, you want to be as capital light as possible.

>>21217493
With a dollar collapse - Which is what you're betting on with pure physical - You'd actually want to go for American based global export. CAT, Cisco, Proctor & Gamble, etc. as their products will become much more competitive.

>>21217059
>I have a hard time they are going to bother with that
seriously, and why? What they should be worried about is foreign exchange. Dollars going into other currencies. Hell, It's a lot easier to carry pieces of paper with larger numbers on them out of the country than a box of heavy rocks.

>>21216048
Trump isn't taking our PMs, he's a stacker too. He will reward us!

>>21217566
>The very fact that you and others got shaken out on a day when silver was up 10% is evidence that the bull market hasn't even started yet.
I really want to play poker with some of these people that get shaken out so easily

>>21217579
Good advice, thanks Anon.

>>21217235
Yes.SILJ was down 4.65% and PSLV down 2.33% on Friday. That's just how they move. But long term they will both go up if you believe in the pmg thesis

>>21217357
His father got imprisoned and died in a cell, so Peter is obviously upset with the government. On top of that everyone thinks he's more or less crazy and noone takes him seriously, so for him it's very personal and a matter of proving that he and his father were right all along and fought the good fight.

>>21217583
What if we think other currencies will weaken along with USD, and the cost of goods will just rise everywhere?

>>21217633
>pmg thesis
As someone who has been in PMs since 2006, I think their thesis is a little off. I'm bullish, but, not nearly AS bullish. The silver and gold stocks will also get rekt when the market as a whole takes a dump, like they always do.

>>21217583
>With a dollar collapse - Which is what you're betting on with pure physical
Not really. Betting on physical is also an inflation hedge, like property or anything else.

stack as comfy as ever

>>21217682
Market crash already happened son. Every cycle the whole thing speeds up. We are at the sovereign level now

>>21217665
Just buy commodity LEAPs in that case. Oil, Copper, Iron, etc - Diversify as much as possible to not get kicked in the teeth by cycles.

>>21217202
I have heard this before, can you make a very quick explanation for me? Or can I google it and find a reasonable explanation about it? Not a spin piece by a JPM back org?

https://brrr.money/
20 minutes

>>21217758
>We are at the sovereign level now
?
like the european sovereign debt crisis a few years back?

what my two closed shorts on gold earned me today respectively:
>$0
>$18.69

I'm without the position right now, so feel free to pump the price up to $2090

>>21217775

Hemke delivers brand-new information in this video, information which only he is capable of delivering, because nobody else has watched the markets for ten years as he has and has archived all the evidence. He purposely put the information in a video rather than writing an article in order to give it more exposure.

>>21217775
>JPMorgan has warehouse
>JPmorgan has 160M oz of silver
>JPmorgan has position limits exception because its a hedge on their holdings
>JPmorgan dumps 32,000 contracts in one shot and slams price down.
>Jpmorgan buys back all contracts slowly over the coming weeks
>They make 2-3$ each quarter on 160M.
>Quarterly profits of half a billion dollars
Fast forward to 2020
>Buyers dont sell the contracts back
>JPmorgan forced to deliver 30M oz
>JPmorgan only has 130M oz now
>JpMorgan has choice.
>Stop shorting
>Or slowly be forced to deliver all their silver and they cant short anymore.
JPmorgan is likely going to let the price rise for awhile now

>>21217817
Yes, the only buyer left of treasuries is domestic banks.
The fed had to suspend capital requirements on treasuries or there would be no buyers

Good morning.

Another robust Monday for Miners probably.

Caution: the rest of the week might not be so hot. Expect volatility and be stoic.

>>21217897
>Buyers dont sell the contracts back
Watch them pushing anti-silver media campaign FUD this week. Every silver stacker will be stigmatized as a far-right nazi. They can do that and it seems like the only way to discourage your average normie from any stupid ideas like buying physical silver.

>>21217682
Yep. Just look at March for proof. However, I don't believe the stock market is going to crash again. Maybe pull back a bit and then just crab along

>>21217931
NEVER SELLING, YOU HEAR ME BOGGS? CONSIDER THAT 1000 OUNCES OF SILVER AND 10 OUNCES OF GOLD THAT I HAVE TO VANISH FROM THIS PLANET. YOU WILL NEVER GET IT FROM ME, I'M TAKING IT WITH ME TO MY GRAVE IF I MUST.
NEVER SELLING

>>21217975
Imagine BLM protestors outside coin stores trying to prevent it. No worries, just buy $PSLV. Sprott is committed to kicking the bullion banks teeth in.

>>21215851
$43

Should I expect cheaper premiums if I buy local as far as gold? I've only bought pms online thus far.

>>21217981
It will crash, stock market is the economy, and the economy was crippled for the next 5 years. All we need is another media panic this winter about the (((second wave))). If Trump wins they'll push a doomsday scenario non stop for the next 4 years. You can't have a healthy market in these conditions, look how brainwashed with fear people are.

>>21217775
Craig Hemke lays it out very well and detailed in the video.
https://www.youtube.com/watch?v=9EOPKizJ_Y4
The gist is that JPM inherited a very large naked short silver position in the COMEX from Bear Stearns. Over a period of 5 years or so, they slowly took delivery of silver contracts to build up 150 million ounces which allowed them to write 30,000 contracts. They have been using that 30k contract market power to swing the market, first by shorting and then buying out the shorts. They were able to use their position to make a lot of money on a quarterly basis doing this. But when the gold market died during March due to widening spreads, it spread to silver. Now people are standing for delivery rather than rolling contracts. JPM just had to settle 30 million ounces of silver, which menas they just lost 20% of their market making power. And open interests are ridiculous right now meaning September is going to be a monster of a delivery month. Either the big banks lose their silver, or the get COMEX to change the rules including maybe a force majeure (payout in cash rather than metal). Even if they survive September, December will be bigger. It's starting to look like the days of the COMEX are over, because it is difficult to see how they could delivery that much physical silver. We're still at over 600 million ounces of silver still open for potential delivery in September. Do they even have it? If so, are they willing to part with it? It's possible that this destroys the credibility of the COMEX and gold and silver prices decouple from these manipulated markets.

>>21218047
These are Australian/Canadian Dollars... right?

expectations for us market opening?

>>21218071
The stock market has absolutely nothing to do with the economy. It is being propped up by the Treasury and they are determined to keep it afloat, at least through the election.

>>21218114
Everything green, one last push before the collapse. Unless a few months from now Trump announces Universal Basic Income for everyone in the US. They can't keep rolling out all that helicopter money for the rest of 2020 tho, so yeah. Sell everything that's in green for the next month or two. After that US Market will get Japan'd.

>>21218060
Generally local is always cheaper. There are added hassles like getting cash from the bank and driving to the store, while online you just order digitally and it’s delivered to your door. But premiums are usually lower and you can start a relationship with the business owner that will help you down the line.

>>21218188
Will that even be enough time to profit off of silver, though??

>>21216956
Media articles like this will accelerate this. See related: https://www.zerohedge.com/economics/chinese-national-arrested-illegally-entering-us-over-28000-worth-gold-bars

>>21218106
Lol nope. Usd

>>21218209
Gotcha, thanks.

>>21218178
>at least through the election
So better sell before the results, whoever wins. They will attempt one final crash ~15 days before the elections, just to try to destroy Trump. Speaks a lot about these people thinking process, it's better to cripple your country for years than to let Trump win and get arrested for visiting Epstein's Island.

>>21218221
Physical gold and silver will be worth a fortune in 2025. I'd only go for a quick buck if it would be enough to buy a house or something. Otherwise holding for the new Paradigm, rumor has it Germany is considering Nu-Deutschmarks and Gold Standard.

I have decided to pull the trigger on opening my own LCS. I have a location picked out without any local competition on a fairly busy intersection (one of the few areas in my state to cross the big river that bisects it) with very few minorities and am meeting the landlord tomorrow.

Anyone got any advice for me to think about costs? Security, safes, break-in resistant display cases, and testing equipment aside, of course.

>>21218303
How man oz silver for average house?

Its important to remember that if the COMEX fails there will still be a market. Companies like Samsung need enormous amounts of silver. I can totally see a company like First Majestic stepping in as a middle man to give fair prices for bullion to be delivered to samsung.

10 year yield still dropping how hasn’t this been reflected in the metals yet

>>21218230
I hope he shoved some gold coins up his ass just to be safe in the event his bars got seized

>>21218352
Exactly 341 1/2 ounces and 4 grains.

>>21218329
which city? Will you post it? Ideally you live in an apartment above it so you can respond to breakins quickly. A safe that will take hours to crack. All depends on how safe your location is

>>21218071
I'm an old retired fag. Been through the 70s crash, the 82 & 87 crashes, the dot com crash & the Obama crash. Everyone in my family (admittedly a small sample size) was employed, bought houses, had kids, etc. through all of them. Same today. The "economy" will be fine.

>>21218352
No idea, we only have Venezuela as an example. 1oz of silver was enough for a family of 4 to buy food for almost 40 days. 1oz of gold got you a shitty flat.

Also OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>>21218329
You can never be too careful. I have false bottoms in my store windows and if anyone comes through the window it's a 6 foot fall into a bunch of cut steel rebar. Also I have an electrified grate around the safe which activates after I leave

>>21218441
>The "economy" will be fine.
This is a troll, right? Just having a laugh?

>>21218414
Not buying smugglers gold
>>21218425
Post math

>>21218329
Get a gun & keep it close

>>21218507
>100g rod
perfect for smuggling in the pooper

time for all the faggots with short positions to g et liquidated

>tfw refineries haven't started offering prostate tickler bars yet

>>21218638
Which metal feels best for milking?

Any leafs here? God the venture exchange is such dog shit

>>21218106
been over 50 CAD for a while.

Its weird having 46$/oz silver be the cheapest

GPL +2.45%
NRGOF + 9.54%
fucking nice

>$2050
COMMENCING SHORTS

>>21218745
Do a flip faggot

>>21218431
Yes, I will be posting about it once it's up and running. Give me the current FWTDHWAHQUD status so I know who you are. I intend to have a good security system as well. The idea being that the safe and hardened displays will take some time to break into, hopefully long enough that the police can get there before they are able to get things open. It's a rather affluent area far enough removed from a major city that I wouldn't have to worry nearly as much as if I were in a minority-plagued area.
>>21218544
I carry pistol with me all day every day and plan on having a few stashed around the place.

>>21218745
I love Illya so much

Who else got metals with a cool backstory?
Pic related was onboard SS Gairsoppa under convoy SL64 when it sank in WWII from a German submarine torpedo around Ireland. From the shipwreck, only one survived to tell the story. It was recovered from a depth of 4700m between 2012-2016, an impressive feat, and 10oz of this is now in my possession.

The price-action in Discovery Metals is beggaring belief.

Do local coin shops charge a premium for credit cards?

>>21218745
we're you short at 2034? did you enjoy having your position liquidated?

>>21216048
Fuck. All I have are silver eagles. Lol can I just take off the (((one dollar)))?
It’s not even a Constitutional Dollar. It’s has TOO MUCH silver in it ironically.
Only a silver piece with 90% 371.25 grains of fine silver is a US Dollar. Everything since 1964 has been a nightmare hellscape

>>21218389
That's what will happen. COMEX for bullion is a bit of a dinosaur. Miners are able to sell directly today far more easily than before. FM sells directly to bullion consumers and industrial partners. There's no need for middlemen with the tech we have today. Buyers can easily hook up with sellers on their own directly. And we will have a true fair price as well since we won't have the manipulation.

>>21218745

At some point this is self-harm, anon.

>>21218711
BCEKF +9.4%
FNLPF +2.96%

>>21218876
so far I done shorts on gold 6 times since Thursday

5 of them were profitable as I cashed in before a reversal

>>21218859
Kicking myself for selling it.

>>21216070
Anon, I -

>>21218957
I waited for the good price to renew shorts and that's it.

My previous two attempts from today ended on a small profit/break even.

>>21218951
Miners and industrial buyers do need hedging marketplaces though, which require some amount of naked shorting

need some silver producers to add to my portfolio? any recommendations

30 silver imminent

stop loss kicked me out on BE again

it seems that gold really wants to moon today - if I bought at $2030 I would earn a lot of money by now

I will try again to short at $2090

>>21219044
They can hedge with long term contracts. That being said, the appeal of miners is they dont hedge so you get leverage

>>21216070
You've done well there anon. Almost too good to be true.

>>21218983

If Sprott is right that the GSR is reverting to 1:15, it's always worth buying DSV back and holding for the long-term. 1 billion silver ounces = 72 million ounces in gold equivalent. Then, as Sprott says, a rough market-cap for companies with ounces in the ground = $150/ounce Au. It's easy to see how it can go 100x.

>>21219092

The three standard producers which everybody buys are FMS, FSM, and Endeavour Silver, which are big holdings in SILJ. I would have recommended the small-cap Bayhorse Silver, which I've been talking about here for some weeks, but they just put the stock on hold. Must be some big announcement coming which is going to send it soaring.

>>21219036
Why not just go long? Easiest trade on the market right now

Metals go vertical and I am still fighting with the dog shit venture exchange trying to get an order in.

>$2055 and spiking even more
you guys were right today
I congratulate everyone who didn't short

I capitulate for today.

>>21219120
>short at $2090
genuine question, are you new to trading gold? thats the worst possible price to short at. if it gets to 2090, it's going to 2.1k that same day.

>>21219191
Yep, Anon.
I've been trying to get back into it and Galway. I have a lot of irons in the fire. Longer-term holds. These indeed appear to be extending into longer-term plays.

>>21218106
this is AUD price

$43 US is almost 60 Australian.

>>21219244
shorters get the rope

>>21219276
Shhhhhhhh shorters getting liquidated make big gains for us.
>See link

>>21219194
>Easiest trade on the market right now
classic euphoria
I'm not convinced that we will reach even $2100, but if we do I will get a better price for my shorts

>28.935

OMG :DDD

>>21219294
forgot the pic

>>21219294
Good luck finding Britannias for $43 AUD

If you're trading good miners be patient. DO NOT MARGIN!!!

>>21219351
habbebing

I have officially finished my stack.
1.2 kilo gold
2 kilo silver
1 oz platinum
1 oz palladium

1 btc
32 eth
5000 linkies

And 12 mercury dimes for blowjobs
Hope to make it by 2022

>>21217152
A coherent 40 minute answer is not common.

>really good video

Thank you Anon.

>>21219276
>if it gets to 2090, it's going to 2.1k that same day
1. we already were at 2080 and it didn't mean nothing
2. we're right after the shoot from $1800 to over $2000

price levels mean nothing
I can as well short at $2088 or $2096 and still earn money
we can go down as easily as we gone up at any price

>>21219449
Christ that's a make it stack even without a moon.

>>21219465
>shorting gold
Might as well short LINK. Same results, but faster.

>>21216956
Cramer continuing to advocate keeping 10% of the port in gold, had Barrick on this morning.

Hate him if you must, but he was making the case for gold. And saying that they are basing their earnings off too low of an estimated price of gold.

palladium creeping up

>>21219454
I subscribe to Craig's site TF Metals Report. Good community and worth the subscription: https://www.tfmetalsreport.com

>>21219465
wrong, but go ahead and get liquidated. make sure to tell us when you opened the position so we can laugh at you.

>>21219435
I wont, no worries, but fuck
>GPL +10%
>MUX +2.14%
>NRGOF +3.06%
Today has been a good day so far

>29.218

WHAT THE FUCK WAS THAT

>>21219500
This is called "polling".

Getting in front of a narrative because of inbound interest from viewers and then setting up as controlled opposition.

No good deads are ever done in the media.

>>21219324
It’s not just euphoria it’s fundamentals

>>21219484
Nah, without a moon it'll be less than a million.

>>21219449
why so little silver? that's only like 66oz

GOOD LORD

CAM ON SILVER
SCORE DAT FUKIN 30

>>21219363
I never said i could.If I could i would buy all of them at that price.

>>21219509
I remember when he started his first site. Came from zerohedge comments and it was free. I left when it went to subscriptions.

you guys convinced me to commence another short at $2056

https://www.barrons.com/articles/the-u-s-dollar-is-now-in-a-bear-market-thats-good-news-for-gold-51597059006?siteid=yhoof2&yptr=yahoo

>>21219604
its an everyday thing

>>21219619

>>21219640
>What are the investment implications? Gold and gold stocks should continue to outperform the broad stock-market indexes. Our work has been bullish on the gold-stock indexes since late February (though we missed silver). Now that silver’s technicals have become strongly bullish, joining gold, all would gain additional strength from greater dollar weakness from here.
all good news for my junior miners

>>21219638
Somebody needs to get squeezed for this rally to find its legs so thanks I guess

>>21219640
M E D I A
A T T E N T I O N
Thanks Donald Pump, very cool!

>Smooth brain here again.

Is there anything wrong with buying shares of SLV for short term, like 1-2 weeks at a time if I don’t have good access to physical while the mints are all out? If my fiat goes up along with silver I figure my cost to buy more physical in 1-2 weeks at $33-$38 per ounce when they get more in stock will at least be mitigated right?

>TLDR: is holding SLV until the mints are back in stock a retarded idea?

AYE AYE AYE AYEEEEEEEEEEEE

>>21219725
fiat money is all that matters, so if you want to make real money then its a good idea
buy some gold too

>>21219676
What phenotype is that?

>BE again
>$27 of profit on shorts today
compared to $7700 on Friday today feels like a slog

>>21219449
congrats fren

>>21219602
Because it's hard to sell, hard to store and JP Morgan is shorting.
I bought a suicide stack in case you faggots are right and it moons.

>>21219619

FUCJK I DON'T KNOW where to put my money for new miners plz shill me some

>29.425

>>21219758
Ingurland

>>21219828
SPAZF
CLLXF

>>21219629
I think you can get good info without it. I don't mind paying for a few sites especially when I want to reward folks for the work they do. I support a few folks I don't stay on top of regularly just to support them and feel they add to the good for other people too..

>>21219783
>Because it's hard to sell
Without the right contacts, right now? Yes. But as the hype increases, it will be much easier.
>hard to store
You don't need 20 kilos of it...
> JP Morgan is shorting
Watch >>21218094

>29.483

pomp et
thread theme
https://www.youtube.com/watch?v=moL4MkJ-aLk

thank god for the low spread and ability to quit at BE
you guys are making me lose my cool

another short at $2059

>>21219828

DSV is a necessity. Other than that, one of my favourites is Tinka Resources.

"1) Some of the best zinc deposits in the world, just as zinc is at a 7-month high;

2) 60 million ounces of silver in the ground;

3) Potential for an open-pit silver mine;

4) No debt, and 20 million in cash;

5) Located in a safe mining district, central Peru;

6) Has a competent management-team;

7) Strong exploration potential to find more silver;

8) Drilling begins this month."

>>21219828
MUX and GPL are on the new york exchange and easy to trade
NRGOF is OTC and the one I dumped money in as a gamble and then everyone sold and the price dropped I doubled down.
It might have been a mistake but whatever
GPL and MUX for sure and are preforming well todaay

Very cool.

>>21219873
He's a top lad. I was saving for a mortgage deposit at the time so didn't need any extra expenses. Was a great community when I was there.

>>21219926
Why DSV?

>>21219935
fuck why did I not buy that meme coin

>>21219920
bobo, are you okay
are you okay, bobo

>tfw just looked at silver
alright - shorts don't have any chance today

you win

>>21219868
I think SPAZF is going to rocket.

>>21218839
Want.

Haven't seen this in years, the donkey cock formation.

>>21218859
Sprott shilled it last week

>>21220008
It's still not too late to join him, Anon. He will forgive you and accept you the way you are.

>>21219588
Nah he's advocated 10% gold for years, and has emphasized it several times since the corona crisis Fed actions.

Silver is my friend.

Aurcana is my friend.

>>21220007
no
I'm fucking pissed

>>21220012
>SPAZF
>up 11%
it already did m8

>29.510

>>21220012
>>21220098
I just follow Sprott

>>21219775
Thanks, fren
I hope we're all gonna make it

>>21220098
Actually 320% and I expect more.

You know what feels better than making it? Convincing your dad to get on the silver train when it was $18 so he can make it with you

>>21218303
>rumor has it Germany is considering Nu-Deutschmarks and Gold Standard.
Give me one source for this and I put everything into PM. Can be German or English I don't care.

>>21220098

>>up 11%
>>it already did m8

This is false thinking. You're not looking at the fundamentals. SPA has 10 million ounces of gold in the ground. At today's price of gold, that gives it a true market-cap 8x its current price. I was recommending it here when it was 0.30 CAD. It was up 11% on that day also. Be a value-investor, not a dip-buyer. Sprott invested in it for a reason.

>>21219945

>>Why DSV?

See >>21216143 and >>21217383

>>21220005
What is the mintage? 300?

>>21220241
I just read it on 4chan, sounds legit

>>21220295
>Be a value-investor, not a dip-buyer
the hell is wrong with buying dips? Especially in undervalued companies

>>21220077
Aurcana lads rise up! Average price of 0.52

>>21220241
>https://www.voimagold.com/insight/europe-has-been-preparing-a-global-gold-standard-since-the-1970s

>>21216739
How did it go?

>>21220331

If your reason for not buying a mining stock is that it's up 11%, what are you going to do when it goes up 11% the next day, and the day after that, and the day after that? At what point do you simply get in? In the end, what matters is the size of your position, not splitting-hairs about the entry-point. I told people to buy SPA at 0.30, 0.40, 0.50, 0.60, and at every step of the way people kept saying that it had gone up too much already.

rate my portfolio

>>21220386
this picture was taken yesterady so it doesn't reflect the MASSIVE GAINS
>>21220382
w

>>21218839
There's a guy on here who has a Scottsdale bar that resides inside a human anus for several hours.

His own anus.

>>21220337
You are my friend.

>>21220382
there are so many other small caps why take a gamble at buying the top

>NASDAQ crashing
I was shorting wrong stuff

Nothing feels better than having 4 year warrants on MUX at 1.70 strike

>>21220460
how early did you buy in to get warrants?

>>21219619
KEK

>>21220445

As I explained, SPA isn't at the top. It's still at rock-bottom. >>21220295 People could have called a top on FVL at every step of the way on its way to going 50x. If you understand the value, you simply buy. There are ten million ounces of gold in the ground. The rough estimate for value in ounces of gold is US $150/ounce Au. That means that the stock should be worth CAD $4.44 a share.

>>21216143
>That is why SILJ is 3x leverage to silver,
what? silj is 1x junior miners

Fucking piece of shit Canadian venture exchange. Wait 1 hour for order to go from pending to open. Nothing. Give up. Go to buy DSV. No purchasing power because of money tied up in cancelled order

>>21219619
FOR DA NORF

>>21219645
ALL DAY EVERY DAY MOTHAFUCKA
BANG BANG!

>>21218303
It's bullshit propoganda.

Nobody gonna mention PT over 1k again?

>>21220084
Burn shorty, burn

>>21219619
‘ate crypto
‘ate taxes
‘ate shorties

luv silva
luv gold

simple as

>>21215851
Serious question, should I max out my credit card on PM's and just pay the minimums until however many months it takes for the financial system to melt down?

>>21221163
No
PM’s are a preservation of wealth. We are here for the long ride

>>21221163
1) its unsecured debt
2) do you live in a state where if bankrupt they can't take your house?
If the answer to two is yes then fuck it. Its only monopoly money

OHHH NOOOO WERE DOOOMPING I AM FINANCIALLY RUINED

>>21221163
no thats a terrible idea

>>21221197
how long do you think fiat has left?

WE GOT TOO COCKY SILVER BROS

>>21221226
NOOOO WE ARE FALLING TO LEVELS UNSEEN SINCE THE PREVIOUS HOUR

>>21221163
Watched a lot of folks do that over on the kitco forums back in 2010. Go check the charts as to how that worked out lad.

OH NONONONO WE GOT TOO COCKY SILVER AND GOLD BROS ITS FUCKING DUMPING NOW THIS IS THE RUG PULL I JUST BOUGHT THE LITERAL TOP I AM FINANCIALLY RUINED AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>21221278
ITS OVER SELL SELL ITS ALL OVER

Is Discovery metals corp (DSV) a good investment? I saw someone mention it here, and I told my dad. My dad would be proud of me if i delivered a good investment. I dont have money myself

>>21221301
Yeah, but this it's unironically different.

>>21221313
I bought after watching this video: https://www.youtube.com/watch?v=ZNKMDBsgg24
I'm not gonna fully spoonfeed you, but I will let you know that as of this post I am currently up over 70% on them

>>21221310
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>21219449
post pic or no happen

guys, i like it when my gold/silver stocks go up, but i don't like it when they go down. how can i ensure they only go up?

>>21221313
It's a fun ride but I think there's better, check aftermath

>>21221474
Vote for financially illiterate commies retards that live to waste tax money and print more Fiat.

>>21221474

Buy more

One day you'll have ALL the gold and silver and YOU decide the prices.

>>21221438
https://www.youtube.com/watch?v=VScSEXRwUqQ

>>21221553
this is the end, my beautiful friend...

>>21218861
My LCS only takes debit and cash.

WHAT THE FUCK AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>21221501
>>21221423
hows the daily volatility on these small cap miners?

>>21221637
Can someone explain this to me? Dollar IS finished, nothing can change it now. So what the fuck?

>>21221421
That's exactly what they said back then.

Look at how quickly people panic-sell their mining stocks the moment silver takes a small downturn. Even though it's still up 2.5% on the day. Bull market is still at the absolute bottom. The same people who are selling will have to buy back again when it goes up another 5 or 10%.

I AM FINANCIALLY RUINEDDDDDDDDDDDDD AHHHHHHHHHHH I BOUGHT THE LITERAL TOP HELP ME BIZ WHEN WILL IT GO BACK UP

($30 EOD)

>>21221725
Rising yield means the bonds are worth less...

>>21221513

DAE ridin with Biden?

This crazy woman gonna make us so gd rich if he wins.

>>21221758

Im hoping for a retracement this week down to 25 bucks or so. I want some blowjob tokens.

>>21221657
Expect it to be very volatile . You need resolve and a stomach for it. Rewards can be incredible. This is possibly a once in a lifetime moment in the sector to get in and ride to victory.

>>21221725
>Can someone explain this to me? Dollar IS finished, nothing can change it now. So what the fuck?

Bond yields rising suggest investors are selling bonds in pursuit of other investments perceived to be more profitable. Less fear, more greed.

>>21221805
not happening, bobo

Where are you guys gonna move to if the US crashes and goes full mmt/socialist/gun grabbing?

>>21221657
Pump then dump hard then end of the day rally
It pumps hard once a week or twice, ive had weekly returns of 5% percent in small cap miners

>11th time the charm
finally my shorts started to earn some money

>>21221843
Nowhere. Running is for cowards. Stay and fight

>>21221755

They flinch like a beaten dog, expecting the banks to push pms back down.

The market doesn't think it's real yet.

>>21221657
It is volatile. It can have small swings of 5%+ in a day and I think the worst I saw was when it went 12% down in a day. When I'm paying attention though, I have noticed that it sometimes inverses my other miners. Last week every miner I own was down and DSV was up 13% or some shit. DYOR but I'm in with them for the long haul.

>>21221849
>he fell into the bear trap
oh no no no

>>21219449
2.1oz gold
40oz silver
1btc (bought at 3,300)
1.2eth
8link :(
240k cash

>>21221843

Honestly, Vietnam doesn't seem too bad, I hear there's a demand for IT workers. Eastern Europe doesn't seem bad either.

They might have their problems, but any country that has experienced the shit of communism isn't likely to fall back into it for at least a few more decades at least.

>>21221907
this post will age very badly

>>21222076
>240k cash
Dollars? What the fuck are you doing...

>>21222076
>240k cash

Anon, I...

>>21222096
>>21219244
don't be afraid, bobo, now it is not time for fear

>>21222186
>>21222186
>>21222186

>>21217155
Keith Neumeyer said the mining ratio is closer to 8:1.

>>21219449

only 12 bj's?

I wanted to give up, but you guys pissed so badly today that I renewed my shorts again and again at higher price.

Now I'm 1,271 in profit. If it reverses again I will again quit at BE and renew at higher price until I'm rich.

>>21221657
Up down. However the trend is positive for the year. You will make money. But you'll also be up 700$ one day and down the next. Overall it's been good for my account though.

>>21222090
Stay away from Eastern Europe - it's the worst. Anywhere in Asia is a lot better.

>>21222269
So your strategy is to short the most high volatility major commodities while their fundamentals are at their best in a decade?

>>21222076
>cash