This should be fun. I actually have no idea......$15.....$65????
The gig is about up for the shorts. The silver is not there to eliver. They are furiously selling paper silver to epress the price, but all they have to show for all the tape painting is a tiny drop. Shorts, cut your losses or face catastrophic losses.
At least for the last week or two. Take profits in TLT.
Ackman attacks cannot be ignored any longer!
If they don't sue Ackman, people will wonder why they don't.
I expect inflation to be in the 8-9% range in dollar terms by October, and perhaps 12-14% next year.
Nah....they'll just keep printing money and the banks will stay open. Of course the purchasing power of the money against commodities, especially gold & silver, will plummet. Zimbabwe. Weimar. Wheelbarrows.
Supplies are not keeping up. Just a few big mines in the world, mostly in Russia & S. Africa.
Solar panels, catalytic converters, jewelry, coins etc. Palladium could see $1,000 an ounce later this year, even $1200 according to some experts. Rally is young.
Sentiment: Strong Buy
When you are long a contract, you have the right to take delivery of the physical. If they don't deliver the physical silver, that would be a breech of contract, wouldn't it?
Does the COMEX have the right to cash settle contracts if they don't have enough silver?
Today is 1st notice day for May contracts. We should know next week about delivery situation.