Title: SILVER FRENZY CREATES LEVERAGE: What Does The Silver Explosion Actually Mean? Source:
[None] URL Source:https://www.youtube.com/watch?v=3KSjJAW_RRg Published:Feb 1, 2021 Author:Horse Post Date:2021-02-01 15:48:55 by Horse Keywords:None Views:170 Comments:4
Poster Comment:
100 million ounces of silver on shorts. Buyers of physical silver outnumber sellers 50 to 1. Do not sell silver until Hyperinflation even at $100 an ounce.
I read yesterday that this new Silver run is a distraction from the hedge fund nonsense that happened.
"Call Me Ishmael" -Ishmael, A character from the book "Moby Dick" 1851. "Call Me Fishmeal" -Osama Bin Laden, A character created by the CIA, and the world's Hide And Seek Champion 2001-2011. -Tommythemadartist
Well I am on the fence about it because apparently Melvin Capital and others have run long on these silver stocks and the media is saying that everyone is shorting silver, which is in fact a lie. Silver if it were to actually have its real value floating and dictated by the real market, it would be easily $300.00 an ounce.
That being said, any correction upward is welcomed.
"Call Me Ishmael" -Ishmael, A character from the book "Moby Dick" 1851. "Call Me Fishmeal" -Osama Bin Laden, A character created by the CIA, and the world's Hide And Seek Champion 2001-2011. -Tommythemadartist
What nonsense. Fools that listened to that garbage and acted on it have already been burned; especially fools attempting to buy silver to create a short squeeze. For a little more than an hour, the silly believers drove the price of silver above $30 an ounce. Since then silver has been dropping and in less than two days, silver dropped almost $4 and below the closing price on Friday before fools attempted the short silver squeeze.
It is impossible to create a short squeeze in silver because there are huge quantities of excess mined silver, huge quantities of silver are being mined, and there is very little demand. In the past, there were big demands for silver as jewelry, silver coins, especially 90% silver coins for money, photography, and silverware.
Now, there is very little of any of that. Much of the demand is fools like me that purchased silver rounds and bars, hoping the price would go up.
The fact is about 900 million ounces of silver is mined each year and if the price went above $30 an ounce and stayed there the production would increase by 40 to 80 percent.