A really bad sign or a really good opportunity?

[StratBastard]

It could be. But personally, I think it is a little too soon to call a floor yet. If it can break and hold $32.50 for a few days or, even better, break and hold $33 for a few days... Then I think it would be safe to consider $30 a floor for the next couple months. But calling a floor for longer than a month or two is still pretty dangerous in my arrogant opinion. Since early March, it has been too much of a straight rocket ride up to get comfortable anywhere.

Remember, with silver particularly, it is primarily trading as an industrial metal right now, and the JP Morg is still heavily manipulating the market. What happens when/if the wheels totally come off the economy like we all think they will? (I have NO FREAKIN' CLUE! I'm just throwing the question out there.)

Of course I'm just spit balling, so you're just as likely to be right LOL. The wild swings of as much as $1.50 an ounce each day do seem like a tug of war though. I'm speculating. JP Morgan is doing their thing as always, but it isn't lasting longer than a day or two. That's something kinda new. I'm wondering if the HUGE physical silver purchases by India, as well as the huge public demand is overwhelming JP's ability to squeeze or expand. There is a limit also to the amount of paper silver financial instruments they can toss into the ring, before the market finds them suspect as well. If they become a second or third place player in the silver market due to demand, it might reduce their overall ability to influence. Me, I'm just happy my last two big purchases were when spot was 20.98. And sorry I didn't buy a lot more at the time dangit LOL. But who knew? We've all seen silver spike before, then crash to the rocks again.

[Inor]

Of course I'm just spit balling, so you're just as likely to be right LOL. The wild swings of as much as $1.50 an ounce each day do seem like a tug of war though. I'm speculating. JP Morgan is doing their thing as always, but it isn't lasting longer than a day or two. That's something kinda new. I'm wondering if the HUGE physical silver purchases by India, as well as the huge public demand is overwhelming JP's ability to squeeze or expand. There is a limit also to the amount of paper silver financial instruments they can toss into the ring, before the market finds them suspect as well. If they become a second or third place player in the silver market due to demand, it might reduce their overall ability to influence. Me, I'm just happy my last two big purchases were when spot was 20.98. And sorry I didn't buy a lot more at the time dangit LOL. But who knew? We've all seen silver spike before, then crash to the rocks again.

I'm just spitballing too.

Right now, everything I am saying is based 100% on statistics and the stupid Machine Learning algorithms I am playing around with. I am not even betting real money on my own predictions recently because I have not taken the time to do any kind of deeper study on the market movements.

I will say, Bitcoin has been VERY good to me the last year. It almost makes me wish I had taken more of an attitude of using it as an investment rather than just a scheme to avoid paying taxes. By the same token, had I actually "invested" a sizable amount of money into it, I probably would not have slept much given how much the price moves on a daily basis. It has been a damn fun experiment but I still think you are the wiser of us for sticking with something real and tangible for investing.

[Prepared One]

I don't trust anything any of the markets are doing right now. I think everyone is trying to position themselves for when the wheels fall off so that means they see trouble coming. Countries, the rich and powerful, banks and financial institutions are all trying to be in the right place when it goes to hell and with all the manipulation going on, I don't know that there is a right place to be. Me and MG? We are holding on to assets and as much cash as possible with reserves in IRA's and a bit in a 401K.

[StratBastard]

Economist: 'True' federal debt masked by draining U.S. Treasury

The federal debt continues to climb to unprecedented levels, but the “actual, true” debt is higher if the Treasury weren’t being drained, a national economist says.

Citing Bureau of the Fiscal Service data, E. J. Antoni, Ph.D., an economist at the Heritage Foundation, argues that as the federal debt increases, the “true daily deficit” is being masked by the amount of cash being drained from the U.S. Treasury by Treasury Department Secretary Janet Yellen.

The federal debt increased Friday by $10.9 billion, “but the true daily deficit was worse, requiring Yellen to drain another $5.7 billion from the Treasury cash account,” Antoni said on X, formerly Twitter. He asked if Yellen doing so was an “election year ploy … to make the deficit and debt look smaller than they really are?”

https://www.msn.com/en-us/money/mark...b88b8369&ei=46

[Jester-ND]

I pulled cashed out all my cyber metal play around money... just waiting to see where everything goes.... feels like the breath before the plunge,

[StratBastard]

India dials up silver purchasing. Already purchased more in 2024 than the entire year 2023.

India imported a record 4,172 metric tons of silver from January to April this year. This marks a staggering increase from the 455 tons imported during the same period in the previous year. For comparison, India’s total silver imports for 2023 amounted to 3,625 tons.

That's a staggering 7797 metric tons of physical silver no longer available with demand rising simultaneously.

That's 275 MILLION ounces. There are 2.78 billion ounces circulating or in vaults out there currently.

India has 10% of the world physical supply.

[Jester-ND]

I see Gamestop boys are back driving up that stock, last time they cashed out gamestop and bought all the physical silver, that is what caused the increased premiums that haven't subsided! rollercoaster indeed! down to 30, back up to 32, down to 30 again, within a week.

[StratBastard]

I see Gamestop boys are back driving up that stock, last time they cashed out gamestop and bought all the physical silver, that is what caused the increased premiums that haven't subsided! rollercoaster indeed! down to 30, back up to 32, down to 30 again, within a week.

Yep. $2 swings almost daily LOL. It's a tug of war.

[StratBastard]

Silver passes $31 again today. They still can't keep it down.

[Jester-ND]

1 oz silver rounds premium drop a bit at jmbullion, can get em for 31 and change. cheaper that 100oz premiums