The stock market and the commodity markets have different start and end times. The ticker resets at different times.
According to the numbers, 2013 had a 100 million ounce supply deficit vs consumption deficit. That is not even possible. UNLESS, someone thinks they have silver that they don;t really have. We know this market is a complete ponzi scheme. Evidence that supports that fact is not surprising. Make sure you have the real thing for when this thing blows. The bankers will all get out scott free. You won't.
I know how it is supposed to work. I just don't think they are being honest. The inventory chart for SLV has been a flatline with very little variation since 2011. It is just another thing that does not make sense.
SLV's inventory has remained the same since the take down in 2011. That is the time I believe it was emptied and drained into the COMEX. But why maintain a flat line inventory report report since then? I have some older theories , like criminals are lazy, they like to bank the storage fees, they sold all the metal that was in there and what is left represents metal that never ever existed. But, my latest theory is, you cannot have a short position without reporting a float. SLV's inventory is supposed to represent the float of shares. What if it is all an accounting entry that actually represents a total of unreported shorted shares within the SLV trust system? They would love for the inventory to drop further. But they love having a short position even more. And reporting inventory is just a way to pretend there are real shares out there to short. Food for thought.
The time to buy American stocks is over. That market is a big big bubble. It is stating the obvious that you should have been buying back in 2009. And now, the failed recovery has shown that the 2009 prices will likely be tested again. You even have dumb money like Martin Armstrong, who has been calling for a stock market correction for two years, now saying jump in. No reason to be in stocks.
Shorts have never been correct about anything. They are even less correct now. I am looking at the size of the trading volume in FOREX, and this is only ending in one way. This many shorts getting no traction at these lows means they are puting in a nice bottom for us. Buy the physical. The paper are traders are there to provide you cheap gold here and to buy expensive gold from you over 10k. They will never beat the experts or the market. The math of currency supply, the state of the economy, the missing gold, the political boondoggles, the wars, the Fed, the GD skyrocketing debt, they all say the same thing--Paper short traders are only a short term gift to stackers. Gold has never in history been this cheap. Take it.
The Netdania volume averages about to about 325 tons of paper gold trading per hour since August 25. I think that is just FOREX paper. Who knows if it is just algos trading back and forth. Every time one of these periods has ended, it has in fact, marked a major bottom. I suspect it is a sign of intentional manipulation of some type. It doesn't always end at a low. A couple times they just gave up and the market got away.
Copper is $3 a pound = 21 Cents a troy ounce
Silver is 18.50 A troy ounce
17 million tons of copper mined a year.
20,000 tons of silver mined per year
17 million / 20,000 = 850 (copper is 850 times more mined than silver)
.21 X 850 = $178 per ounce is what silver would be at if priced the same copper.
Also, if you think 100 is high for a coin, well it is. But look at the other proof coin series from perth. The first issue is the one you want. They appreciate like mad. Plus this one has dinosaurs on it. Haha. This is a good time for high grading a stack.
If you want to upgrade your stack while silver is cheap, these are the best coins to get now that will pick up a collectors premium.
2015 Australian Kookaburra, Cheap, Collectable, 2014 is already almost $30.
2014 Canadiane Maple Peregrine Falcon, 1st of a series, Cheap.
2014 Australian Age of Dinosaurs Australovenator, 1st of a series proof, still priced under $100.
Keep taking the physical metal. The USd, bonds, and the US stock market are the most massive bubbles in history. Gold has never in US history been this cheap. US debt continues to accelerate. The money supply continues to accelerate. Do not get fooled. You don't need leverage to make 10x. Hard asset money is the only place you should be. Bankers owe it. They can't control it. Just take as much as they are willing to lose. .
Hyperinflation remains the only possible outcome. These dummy trolls post all day and all night because they are buried shorts in decaying derivatives. Anyone telling you to short gold, even over the past 3 years, has no idea what is going on. Gold is going well over 5k. That is just the way the math works out. Take their gold while they are noob enough to borrow and sell it.
I can look online and see what a dealer will pay for various silver products. Anything through a government mint seems to have a larger premium. But the dealers also buy back well over spot. And it is only a couple bucks difference usually. At these prices I am not concerned with premium/discount. The prices even with a premium are too low to care about, especially when I know what the math says the price can go to.
I know. On one hand I don't want anyone to buy this garbage and get stuck with it. On the other, if they all sell will it do crazy things to the paper price. But I have to be honest and tell people to avoid it. There is no real reason to buy it when you can have the real thing anyway. The paper price will take care of itself. It will either go to zero while physical picks up what people call "a premium" (the real price), or the market will be reformed and paper will reflect real market forces. I really don't like the idea that paper could stay at 20 and there just is not any available in the real world under 400.
Pretty simple theory on why silver OI is insane and stays that way. I suspect this OI represents the contents of SLV. That is the silver they don't have in their vaults, but claim to have. It is the total of contracts they can call in if SLV ever needs to redeem silver, and it is the hedge that maintains exposure to silver prices. They just keep rolling the contacts over to maintain a large position in silver.
That's my theory.
They freaked when they realized they could be observed in volume patterns and any ease off caused a rally. They were forced into turning them back on. Keep taking the physical. They can't do anything right except dig themselves gold debt holes. Gold has never been cheaper in history. Gold longs have been correct about absolutely everything. Gold sellers have never made a single correct economic or political.prediction because they are dreamers and scammers with no ability to undersatnd .economics. Take their gold. It will have another 2 zeros on the end of its price. There is no otheroutcome but hyperinflation for a debt backed currency issued by a failing economy.
They appear to be finished trying to manipulate the price. It is going to start rising pretty fast from here if ot follows the same patterns. I dont see why it would be different this time, except forthe fact that the manipulation didn't work very well.
Enjoy taking advantage of the banker paper gold debt. The bankers want desperately for people to give them gold because they are crushed behind the 8-ball. They emptied their client vaults to try and protect their paper derivatives. Just say thank you and get what you can while you can. Gold is still going over 10k. Nothing has changed but the size of the gold debt the bankers owe. Physical only, and do not leave it in banking system. This is no different than any other bank run through history.
I suspect that Netdania volume represents FOREX paper gold contracts based on spot gold. The incredible volume probably represents a sidebet on a planned move in the futures market. There is no way a bet of this size would be made in the spot or futures market itself because it would move it around too much. As a gold buyer, believer in empty vaults and leasing, predictor of global financial carnage, and believer in the mathematical certainty that these historically lowest ever prices cannot be sustained, I am biased to suspect the long term gold debt and leases in this market are going to be bought back and this FOREX trade is to profit on the way up or hedge what will happen when physical metal is bought back. All I can say for sure is that there is a massive paper bet being made.