SILVER FRENZY CREATES LEVERAGE: What Does The Silver Explosion Actually Mean?

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
Views: 254

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.

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#1: TommyTheMadArtist    To: Horse (#0)

I read yesterday that this new Silver run is a distraction from the hedge fund nonsense that happened.

TommyTheMadArtist posted on 2021-02-02 09:35:31   Reply   Private Reply

#2: Horse    To: TommyTheMadArtist (#1)

No. It is a continuation. Just wait until the new stimulus checks come out. They will be swamped with purchases of physical silver and calls.

Horse posted on 2021-02-02 10:53:28   Reply   Private Reply

#3: TommyTheMadArtist    To: Horse (#2)

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.

TommyTheMadArtist posted on 2021-02-02 10:57:34   Reply   Private Reply

#4: DWornock    To: Horse (#0)

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.

DWornock posted on 2021-02-02 12:00:12   Reply   Private Reply