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21264806 No.21264806 [Reply] [Original] [archived.moe]

>Bullion dealers


>Constitutional/"junk" silver info



>Bullion tax info by state:


Nitric Acid

https://youtube.com/user/silverguru David Morgan

Additional /pmg/ resources and info--

>> No.21264838
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>> No.21264869
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>> No.21264888
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>this is normal

>> No.21264891

How low is it going to go, my credit cards haven't arrived yet. If it bounces back I'm going to be pissed.

>> No.21264895
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Gold sold off to 1670 in April on the same vaccine hoax news. Observe how insignificant the "collapse" appears now, and act accordingly.

>> No.21264925


>> No.21264940
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I don't believe Uranium is a precious metal but I will ask here, why not?
What is the threads opinion on Uranium miners?
I have been looking at NXE, UEC, URG, and DNN
I have been thinking of picking up some shares for long term.

>> No.21264942
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convince to me not to double my shorts on gold right now

>> No.21264950

This vaccine shit is to PMs as the China ban was to crypto like 8 times. Fuck China, fuck bill gates, fuck jannies.

>> No.21264954


Someone on my Metal Forum just said there is a literal fucking wall of options at $25 that appeared today, I think the Jews had enough and stopped playing nice.

>> No.21264969
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aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa im ruined aaa boomer rocks

>> No.21265004


>> No.21265031
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>> No.21265076
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awesome I can buy some bars at a discount
thanks rabbi

>> No.21265077
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what was the jew's face when he sold you his shiny rocks at $2080?

>> No.21265093

Completely aware. Commenting on the reality of the scenario vs. expectations/anon wishes

>> No.21265096

What will happen to miners the rest of the day today and tomorrow?

>> No.21265105

same desu

>> No.21265111

Pm is a gentlemans long play, fuck this short term news cycle panic BS... im embarrassed that markets move on vaccine news

>> No.21265145
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>sell some goy your shiny rock for $2000
>rebuy it at $1200
>you basically lend him your shiny rock for $800


>> No.21265150

dont purchase any "hidden" safe that is mass produced... its a give away.

Just figure out a way to hide it super sneaky like, or behind enough steel/concrete that no one is getting in before your armed guards show up. Also your dogs should be trained to the point where burglers would have to kill them all before being able to even get into your house.

??? anon not sure how it is in the states, but all the canuck/euro news is going on and on about how awful it is in the states, how its getting worse, ect ect

even up here all it is is "new cases this" and "cant open schools" that and mandatory masks everywhere.

>> No.21265183
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What amazes me is none of these people trading, with what I assume to be a rather large amount of money, have anyone that actually reads the research on these vaccines in order to temper their hopes.
The sciences never actually matches the press releases and yet people trade on a few snippets of what they think is good news

>> No.21265184

>Just figure out a way to hide it super sneaky like
Your prison wallet is always the best place.

>> No.21265217

Robinhood Kids dumped their SLV and Miners, that's about it. It's not like I go sell my stack when Russia claims to have a vaccine after less than a year, that's not how vaccination works. Say hi to the new Covid Strain in winter.

>> No.21265225

Do it, me doubling my longs is what caused this pull back so hopefully you doubling your shorts will have the same effect

>> No.21265226
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SILJ is now the price that it was when silver was $18, and GDXJ is now the price that it was when gold had not even broken past $1800. The miners are themselves already valued, and need to go up 3x to reach fair value with the historic Gold:Miner ratio. This is the buying opportunity of the century. If you buy now and it goes down tomorrow, then you are simply like the people who bought silver when the GSR was 1:115 before it bottomed at 1:125. Those people, if they were unhappy at the time, certainly are not unhappy now.

>> No.21265244


>> No.21265258
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>prison wallet

>> No.21265267
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>The miners are themselves already valued

The miners are themselves already undervalued*

>> No.21265272

I sold all my miners

Please tell me it's going to keep dumping for a few days

>> No.21265279
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>> No.21265287
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Sorry, but COMEX is too big to fail. Happening canceled.

>> No.21265294

Most traders are fucktarded

This, you can't rush this stuff. For all we know the real disaster is going to be Russia's vaccine.

>> No.21265308


There were people who sold their silver when the GSR went to 1:125, because they were convinced that it was going to 1:150. Don't be wrong-footed like them.

>> No.21265313

So tired of fuckers thinking kids on robin hood with their moms lunch money have ANY effect at all on the price of stocks or ETFs. Pull your head out of your ass.

>> No.21265332
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“See babe, when the line goes down, you buy more silver”

>> No.21265334

I just scooped another 100 shares of SILJ, i hope youre right

>> No.21265353

They might. I think you're exiting at an inopportune time.

>> No.21265358
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>> No.21265387

Yeah it's silly. Yeilds went up almost 20% today.

>> No.21265398

I think I can wait one more day to buy back in, they'll probably keep dumping tomorrow

>> No.21265440
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This is the largest silver selloff in 3 months, right? That seems clearly manipulated to me but I'm just some dumbass on 4chan. My smoothbrain tells me that after this comes a leg up, would that be unreasonable?

>> No.21265510

I rarely post here so I'll make this tldr

1. The COMEX spot price is not reflective of actual physical market prices. Stop comparing apples to oranges.

2. Just because dealers may choose that price as their baseline does not make it accurate. If dealers aren't careful, the free market will take their business elsewhere like eBay or other face to face mediums. It wouldn't be long before they repriced to the market otherwise lose their customers and market share.

3. Expect spot prices to fall to 0. That's what happens when COMEX comes tumbling down. If you take to heart 1 & 2 above, you'll see how this is inevitable. You all need to start focusing on your next pricing source, forget about watching COMEX. It's no longer in alignment with reality.

In short, you WANT the price to fall. Hope this helps alleviate some anxiety.

>> No.21265523

What jannies? it took them weeks to get rid of that paper shill.

>> No.21265526

have the fundamentals of the situation changed?
I don't believe so which means this is just a pullback and things will continue to rise

>> No.21265550
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I think it's normal + manipulation. BTC price action is more like what I would personally expect from gold and silver. Either way, miners are getting their shit pushed in for hardly a valid reason imo.

>> No.21265552
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Hey guys, I’m getting ready for a collapse, not trying to earn lots. What’s should I get silver or gold? Coins or larger bullions? I have 15k to spend. Thanks

>> No.21265566

Lol based. I hope it stays low until the end of this week, I'm doing something similar. Done playing these kike's fiat globohomo monopoly game. If I don't make it I'm leeching the system until I die so wish me luck bros

>> No.21265595

They do, demonstrably. On these smaller cap stocks, it takes only a very small amount of volume relative to the cap to make huge swings. Especially if all the volume is with highly leveraged options which is mostly what zoomers are playing with.

>> No.21265603


Metals may soar again at any time. This is a paper dump which is intended to shake out weak minds. They can't let the prices get too low, because the COMEX is in danger of bankruptcy next month.


So they are dumping the metals just far enough to make ignorant speculators panic-sell, or stay away from gold and silver, but not so far that bankruptcy on the COMEX is a certainty.

I am almost certain that, if metals don't soar again this month, they will do so next month, when we have both the FOMC meeting and the COMEX deliveries. YCC and highly inflationary policies are expected to be announced at the FOMC, and it is thought to be almost impossible for the COMEX to service all those who intend to stand for delivery.

However, nobody should be selling anything. Andrew Maguire's opinion was that, just when the metals seem to have "gone to sleep" in the middle of August, they would begin to soar.


>> No.21265615

>seems clearly manipulated
there's some info about JPM manipulating markets. so ya, but like >>21265550 said, it's within market means. there was a huge spike over the last 2 weeks, so a correction was bound to happen.
>after this comes a leg up, would that be unreasonable?
im hoping, i got calls on silver that have tripled. but my broke ass could only afford a few.

>> No.21265639

Didn't the Fed say they will not implement yield curve control? Do you just think they're lying? Yield curve control has the potential to crash the markets

>> No.21265651
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gold and silver and if you think that the ratio will correct silver will outperform gold.
With respect to coins or bullion get both. You want for sure some coins or 1 oz rounds as they make smaller transactions easier but silver is silver and if you can get a discount compared to coins getting bars stack them as well.
I myself am just a stacklette but keep buying a little bit and build up what you can

>> No.21265663

No, the opposite lol

>> No.21265675

I might have to buy more February $23 calls if SILJ goes any lower

>> No.21265681
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>> No.21265690

>Ignorant speculators
If they are ignorant speculators with $100,000+ in the comex, then what does that make us?

>> No.21265694

My gut is telling me to buy. Maybe I’ll wait until tonight and see how it plays out.

>> No.21265702
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>In short, you WANT the price to fall. Hope this helps alleviate some anxiety.
>the SLV shill was right
>we're going to exchange on the APMEX

>> No.21265704

How do you know the comex will default?

>> No.21265757
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YCC would do the direct opposite of crashing the markets. YCC would mean permanently low yields, and hence a permanently low rate of risk-free return. A hyperinflationary bond-market crash would commence, and there would be a stampede into stocks. You would see a rally in the markets like the ones in Zimbabwe or Venezuela.

If yields go up, the markets crash. That's what happened in late 2018, for example, when a 3% yield on the ten-year caused an instant crash from 26,500 to 22,500, before the Fed was forced to re-start Q. E. The whole point of YCC is to drive down yields and prevent the asset-bubbles from collapsing into oblivion. The only alternative to YCC is defaulting on the debt, and letting stocks and house prices crash by 90%.

>> No.21265768

>then what does that make us?
Not them.
>experts caught off guard by the Feb March selloff
>boomer buffet mistimes the retarded runup
Poor argument

>> No.21265780

watch the first video he posted

>> No.21265798
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(from previous thread)
>Be me
>Go to LCS
>Gen-Xer owner is up to $30/oz on even generics (but Eagles are only 31)
>Way too many based rounds; hard to choose
>Finally decide on pic related for 60, a decent chunk for a poorfag like me
>Still don't care; boomer rocks go clink clink

>> No.21265814

>letting stocks and house prices crash by 90%.
baby boomers are using their homes value to fund their retirement. No way the FED lets those collapse.

>> No.21265829

Bought a roll of mercs today and they gave me three extra? Idk what to do I like the shop

>> No.21265842

Do it faggot

>> No.21265851

I would keep the dimes, say nothing, but send more business their way.

>> No.21265858
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Watch the video with Hemke to understand the fundamentals. To update what he says for September, there are 600 million silver ounces in open interests. (134,439 open interests x 5,000 oz.) We only produce 100 million silver ounces per annum for investment, and there are no stockpiles of silver to get the bullion from. They are completely finished.


>> No.21265869
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This desu, I don't believe that a retarded country like Russia has a functioning vaccine that kills off every strain of the virus. The damage is already done, you can't just restart the economy, the silver shortages are already present, it's not like they can conjure the metal for the factories. I think it's very possible to see the spot price of $19 and the metal price of $35 from the dealers. Lots of scammy deals can be made in this situation, don't waste that opportunity.
The entire fucking World and all of it's economies are living on a borrowed time, let's see how long that can can be kicked down the road when everyone needs stimulus, can't pay a rent and can't find a job.

>> No.21265922

Ask if it was intentional. If so, say thank you. Simple as.

>> No.21265951

Go back and buy again. I don't think you should worry about it. If you're really upset, maybe grab something with a higher premium or when there aren't too many customers. Also what >>21265851 said. Referrals are the greatest compliment.

>> No.21266089

Can anyone explain to me how hypothetically, in a constitutional, bimetallic backed currency standard, gold and silver could deviate from the prices in the constitution that describe a dollar as a certain weight of gold or silver?

Like what if we DO go back to a metals standard, but it's set at the constitutional prices that are super low. Obviously I dont think that will happen and I'm sure there has been multiple redefinitions of that ratio, but does anyone have a QRD or want to make a screenshotable post for us? I'm researching the same and will post what I find later.

>> No.21266120
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I have no regerts

>> No.21266169

It could happen like that, but odds would be that it's a scam or fractional and that prices for everything would drop to match the prices set.
>gold = $20
>bread = $0.01

>> No.21266220


I hope you're not implying I'm some kind of shill, because if you are then I'm scared for humanity.

The concept is simple to understand.

1. Physical metals are real, and consequent,y really valuable.

2. In no reality can COMEX fail and its spot price go up simultaneously. The failure comes WHEN the spot price is 0 and paper holders get screwed.

I only posted because people still, get anxious watching COMEX spots inn the hopes they take a moonshot.

Two conditions co-exist right now.

1. Physical metals are moonshotting
2. As COMEX spot prices fall, it will accelerate #1 above.

Physical holders will win bigly.

>> No.21266228
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would now be a good time to trade a bit into gold? this shit is heavy.
I was thinking of trading a 100 Engalhard for a AGE and more ASE, maybe even junk silver.

>> No.21266235

Prices couldn’t be low because when people go to redeem the gold for their dollars they won’t have enough. For the amount of dollars to all be redeemable by the amount of gold the US holds, silver and gold prices would be 100x their current prices

>> No.21266238
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Silver collision with trend line tomorrow if we crab. We'll see eh? Should be fun.


>> No.21266248
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are you sure? maybe you regret not being able to buy more gold.
I know I do.
Glad to see its in a plastic case too. Protecting that soft precious gold from excited waifu hands

>> No.21266263

A simple example would be that if 1 ounce was $1 then we could start using fractional dollars. Call it the pico-dollar or whatever.

>> No.21266264

Google "European Union plans to go back to Gold Standard since 1970" or something similar. They could really crate a Gold-backed Euro, or in that case Nu-Deutschmark, since it's Germany who has 4500 tonnes of gold. I don't think these prices can be low, how do you exchange it then? The poorest people would get like a gram of gold's backed Euro, I have no idea how they could balance anything out if someone already owns like 10 ounces of gold. Would he be just elevated to the new financial elite tier just so?

>> No.21266308

>Today, our gold reserves are held in three locations: the Deutsche Bundesbank in Frankfurt am Main, the Federal Reserve Bank in New York and the Bank of England in London
I hate to say it but do you think the US or even its vassal the UK is going to give Germany that gold back?

>> No.21266328

They will be inflating the debt away with YCC and no inflation target. We are going steeply negative in real interest rates. The fundamental problem right now is debt. It's just too high to service at any rate. The only course forward is to inflate it away until such a point where rats can be allowed to rise without triggering a deflationary crash.

>> No.21266368

Should I buy miners or wait until tomorrow?

>> No.21266372

There's the rub: The US Constitution only specifies that gold and silver are money, not at what rate. That's set by Act of Congress (the various early Coinage Acts, notably 1792 and 1834).

It's easy to have another Act set a new standard for silver or gold content of the dollar.

>> No.21266388
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>set "sell stop" on 1945.8 for another short
>it reaches this exact price and goes up next second

if that was the bottom for gold and I just shorted it - please kill me

>> No.21266402


If the COMEX defaults, GSR may revert to 1:15. Now is not the time to be getting out of silver. As Eric Sprott said a few days ago, "see the future early."


>> No.21266405

They've whittled open interests down to 117,772. So 588MM ounces open.

>> No.21266426

My scoop from this morning already bounced and I made a few hundred

>> No.21266447

No definitely not implying that. He once swapped COMEX with APMEX, which I found pretty funny. I think the prices will deviate and miners will sit on their metals if they keep using spot.

>> No.21266462

What will they do to stop them? Like the entire world would need more reasons to hate America and unite against them to get their gold back and ruin them financially. Unless the Pentagon can establish a new Status Quo with some kind of AYY LMAO weapon/tech, they will be coming to get that gold, one way or another.

>> No.21266477

>shorting inflation

>> No.21266486

Should I go for September options to be safe?

>> No.21266531

This shits only dumping because I opened up my first ever option calls on silver stock last Friday. I'm truly sorry, guys.

>> No.21266554

Lmao are you me?

>> No.21266569

Id use a lower price and ride from like... 1890 to 1830ish. Can't really tell. Not charting this too much.

>> No.21266590

Based podcast poster. What analysts and figureheads do you recommend listening to?

>> No.21266593

Lets say that does happen and if gold is at $3000 that puts silver at $200.
A cellphone uses on average .001 troy ounces which would mean about 20 cents worth of silver.
Even if things do reach those levels I think the tech market can absorb those prices and pass them on to the buyer with minimal issues.
A rise in silver would not be the end of the world for tech but I imagine it would fuck over some of their huge profits. 20 cents over all those cell phones produced does add up.
This manipulation needs to end so the market can actually reflect the true cost of things.

>> No.21266629
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No, we're super happy. I just wish you told me before I made my monthly purchase.

>> No.21266645
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so another war to kill Europeans? I know one tribe that would be happy with that outcome.

>> No.21266695
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>> No.21266712


I could list hundreds, but the best ten are: Maneco64, Gregory Mannarino, Mike Maloney, Peter Schiff, Arcadia Economics, Sprott Money, TF Metals, Dominic Frisby, Liberty and Finance, Uneducated Economist, George Gammon.

>> No.21266724

no worries m8. this is like worrying about if you bought Amazon at 38 dollars or 42 dollars.

>> No.21266727
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mfw shorted the bottom

>> No.21266729
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>invest into gold, silver, crypto and stock market
>gold and silver dump, crypto crabs, stocks go up
>sell some green stocks later to buy more cheaper gold and silver
>sell some of my gold and silver to buy the economical collapse dip that will happen later this year
>sell some stocks gains to buy more metal as the economy recovers
>my crypto still crabs
>also just got my gov stimulus and I work on the side, getting paid in cash under the table
>all that goes into gold and silver later on

>> No.21266741


Totally agree. Yah that shill or shills were quite annoying. Would just get into the flow of reading and hit a WTF moment and realize the shill again. Their tactics scream desperation.

Looking at how they play their NPC's in the real world, I'm not surprised though. I highly doubt anyone reading this board gets fooled by them, but I guess anything's possible? haha

>> No.21266755


(Listed eleven there by accident because I think of TF Metals and Sprott Money as being one and the same.)

>> No.21266807
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Probably not. I don't think some of these are coming back down anytime soon- Aftermath for instance is already almost recovered from this morning.

>> No.21266834
File: 906 KB, 800x704, 1596963058333.png [View same] [iqdb] [saucenao] [google] [report]

>(((Spot Price))) $26.90
>bars and coins still cost $35 an ounce

>> No.21266840

Thank you based podcaster. We're going to make it.

>> No.21266862

that's a qt image fren, may i save it? :o)

>> No.21266894
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>buy miners they said


>> No.21266902

There has to be some way we can normalize the divergence between physical and paper metals. I still see people say "invest in gold, silver, ..." but I know they're talking about paper. The word "invest" is a dead giveaway.

But language isn't our friend right now. Conflating paper with physical is a huge problem right now in communications.

What COMEX is selling has nothing to do with what you're holding. The longer they can pull off the "redefinition" scam the longer this will go on.

>> No.21266922

>bunch of conspiracy theorists that think the dollar will be worthless in a few years
great sources

>> No.21266927
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>> No.21266937

You were supposed to buy after the dip, sold the top yesterday, gonna buy them again this week. Free money.

>> No.21266947

Relax bounce coming you'll be green by friday close

>> No.21266960

Wow the o face has a really fat chin

>> No.21266981

people are selling, and getting, 50$ cad an oz right now.

>> No.21266983

that's my clown nose. :o)

>> No.21266986
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You were warned that they are volatile and to expect huge swings.
If this little bit scares you how do you make it through the day?

>> No.21267005
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>> No.21267010

Think for a second. The longer they lead you to believe "their" spot price is the value of "your" metals, the longer you will be:

1. Depressed
2. Anxious
3. ...

Snap out of it. Prices going down means COMEX is going down. It does NOT mean your metal value is going down. Let's push to normalize this. Too many newbies are getting confused.

>> No.21267012

>worth less
What could a dollar buy 60 years ago. What can it buy today?

>> No.21267024

I want 1k oz before space shuttle though...
t. just shy of 200

>> No.21267037

No, with my poorfag stack I have 15 euro fees per trade on any Xetra asset. It's not suitable for swing trading. I'm cucked as fuck from my broker. Why in the fuck did I ever listen to you faggots and buy miners. I already have some physical silver which is enough hedge. I am so fucking mad the opportunity cost is fucking me up.

>> No.21267040
File: 102 KB, 674x667, 1595973417450.jpg [View same] [iqdb] [saucenao] [google] [report]

I can't buy ETF's because Europe is communist
what do we Europoors buy?

>> No.21267043

Most of them own paper, not physical. They are just gambling in the stock game.

>> No.21267085

I had $3k in miners yesterday. After some advice from anonas, I'm allocating more to miners. When I saw silver dipping and the pre-market action, I deposited $2k in the hood and bought up. If it goes down more, maybe I put another thousand in tomorrow. If not, I'm happy with this.

>> No.21267086

>he thinks that getting a free advice is a bad thing
I know you probably consider them to be shills that just try to shove their own silver down your ass, but there are some really good pros out there who don't own the metal business, they're just investors who understand how the world works. Successful investors, rich people who got rich with the right choices, Robert Kiyosaki comes to my mind, he alwasy preached that the gold and silver are God's Money.

>> No.21267142


As a substitute for GDXJ: Yamana Gold and B2gold Corp, and Equinox Gold on the NYSE.

As a substitute for SILJ: First Majestic, Fortuna Silver Mines, and Hecla Mining, on the NYSE.

>> No.21267176

>I can't buy ETF's because Europe is communist
really? that's messed up

>> No.21267181


>> No.21267192

Don't worry you retard, can you hold till January 2021 or you desperately need that money back? Just wait you idiot, we already have physical shortages, there will be a line of bankers and traders waiting to suck off these miners for the first dibs on delivery.
Stop panicking, the plan hasn't changed at all. That vaccine is bullshit, even if it isn't, it won't cure the new strains that will appear soon/already are spreading slowly.

>> No.21267203

you short gold futures through Forex on x20 leveraged CFD

>> No.21267232 [DELETED] 


MUX is down 10% from the peak, but GDXJ is down 12% from the peak. It's not underperforming.

>> No.21267279


Both MUX and GDXJ are down 12% from the peak. MUX is not underperforming.

>> No.21267313
File: 66 KB, 1280x720, 1421338101440.jpg [View same] [iqdb] [saucenao] [google] [report]

>bought 250 oz friday at 29
>its now 26
i'm not mad.

>> No.21267343

gold is pretty strong right now compared to silver

>> No.21267362

>$3 loss on a spot price in a single day
I wonder how many paper vouchers they have left after today. Sure would be nice if the miners kept the metal coming, huh? Damn shame.

>> No.21267372

>still ~$32/oz

>> No.21267382

bought 50oz friday too.
i'm really not even mad since it's price-suppressed. i'll just buy more.

>> No.21267403

not in france, i could've saved 250€ and i'm a poorfag

>> No.21267425
File: 63 KB, 960x540, BurnEuropeToTheGround.jpg [View same] [iqdb] [saucenao] [google] [report]

thank you friend
they're all down so will buy some
EU passed a law that forced ETF's to create a "Key Information Document" that "enables investors to compare the risks, rewards and costs of different investment products" - as if anyone can tell you the actual risk
basically they wanted to create high paying jobs for more bureaucrats to do more paper work while preventing money flowing from EU to US

>> No.21267481

>go long on silver
>starts dumping
>immediately starts going up
Holy shit, I thought it was a meme

>> No.21267502

I think psychologically, the penny or picos would have to be much higher since people are greedy but these are great explanations of the ratio

great point, Im on board with anything 50x or higher

Was getting caught part of their plan?

Gotcha, I was just reading about 1792, so if and when, the ratios will have to be determined.

Follow up, how do we prevent a rug pull like to 1933 turn in your gold for $20 then we revalue it to $35 immediately after?

In any scenario such as the above, I will NOT be turning in the bulk of my stack immediately, to see how it plays out and also to prepare for some numismatic plays once more common government mints get turned in. That's what the bars are for, to turn into real estate to hide the pretty coins in.

>> No.21267506
File: 886 KB, 1200x677, 1596766105849.gif [View same] [iqdb] [saucenao] [google] [report]

Hey frens, I met with the landlord of the storefront I am looking to open today. Anyone know how I should be pricing PMs when the COMEX defaults? Without spot price, where should I look to see what the dollar value of the money I will be buying and selling is?

>> No.21267518
File: 125 KB, 500x497, 1597093852077.png [View same] [iqdb] [saucenao] [google] [report]

Yeah, I'm out about the same based k in recent purchases, but based on the scarcity issue, I don't really care. The physical is getting held for y e a r s.

>> No.21267552


>> No.21267562

i feel like a retard I sold some of my positions at the literal bottom today

>> No.21267598
File: 159 KB, 417x534, 1507132493313.png [View same] [iqdb] [saucenao] [google] [report]

yeah with taxe i cant sell for a very long time anyway so i'm just a bid mad i'm losing a few more once I could've bought. Still keep staking, we're winning the long game here.

>> No.21267603

If I don't end up losing all my money I put into miners.. thanks guys. I'll have extra to dump into physical. If I do, I deserve it for listening to people on the internet. Either way the captain goes down with his ship.. God Bless and stay safe.

>> No.21267623

In 1933 lots of people owned gold and most people trusted the government implicitly. Today, most people don't own any gold and nobody trusts the government. If they ordered a turn in, how many would do so?

>> No.21267631

I have a theory that the algorithms for dumping silver are turned on and off at times that are intended to fuck people out of their money and scare them away from silver

>> No.21267649

NJ mag law is a good example of how it would go down in the USA.

>> No.21267656

Probably eBay sales, but subtract 14% for eBay + PayPal nonsense and guess $12 for shipping and insurance.

>> No.21267685
File: 16 KB, 320x320, 1595937043406.jpg [View same] [iqdb] [saucenao] [google] [report]

Nigger I do cryptos on the daily but didn't expect these to be as volatile, I probably missed that. Either way it's pennies that I'm in the negative, it's just the % count that gets me for real. I mean being -15% or or more on a stock means it's really FUCKED. -30% on a crypto is normal as fuck. Either way I'm just gonna keep holding.

>> No.21267702

Holy shit, is this going down to 25 again?

>> No.21267704
File: 71 KB, 1813x448, file.png [View same] [iqdb] [saucenao] [google] [report]

I said earlier that I would buy a bunch of stocks on fidelity, here are my first time ever miner purchases, literally just /pmg/ / PAN MAN picks I did barely any research on. will I make it? Not life changing money for me if I lose all of it either, I've got roughly 4x this amount in regular old PMs anyway

didnt get the joke

>> No.21267733

What gold?
>EU passed a law that forced ETF's to create a "Key Information Document" that "enables investors to compare the risks, rewards and costs of different investment products" - as if anyone can tell you the actual risk
basically they wanted to create high paying jobs for more bureaucrats to do more paper work while preventing money flowing from EU to US
I had no idea, that's a valuable knowledge, thanks. That would explain why I have no such problems in the UK.

>> No.21267737

All you faggots need to chill the fuck out. You want to FOMO in when it's up 4-5% but then when it DROPS 8-9% you want to sell. Fucking IDIOTS.

>> No.21267768

EXK might hurt a lot, but let's see where she takes us.

>> No.21267791

Trading forums, eBay, I think Leddit has a metal trading sub too.

>> No.21267796

>"it" being paper
>"you want to sell PHYSICAL"

Every little detail helps.

>> No.21267805
File: 1.89 MB, 818x588, 1492208573712.webm [View same] [iqdb] [saucenao] [google] [report]

this is it lads

this the BIG SHORT of our times

>> No.21267810
File: 414 KB, 1080x2220, Screenshot_20200811-131043_thinkorswim.jpg [View same] [iqdb] [saucenao] [google] [report]

I think it's just going back to the trend line

>> No.21267835

I hope so

>> No.21267846

Yep I bought another 50 shares of GDXJ today.

If it goes down again tomorrow, I will buy another 50.

>> No.21267852

Where do i sell my gold coins, and during hysteria nobody would care about gold, water and food would overtake in importance

>> No.21267883

I put 1k in MUX at 1.50 because why not. Maybe I should put another 1k in and sell my original 1k when it comes back up

>> No.21267889

Will Asian markets buy the dip?

>> No.21267905

is a chink a chink?

>> No.21267913

I agree, at least for today. Odds are that's it. Le gaps are le closed. Faggot speculators, goddamn.

>> No.21267914

Wherever you bought them from. The only increasing risk is transportation and transaction. Be safe.

>> No.21267916

It will short a bit more due to the silver/gold ratio. You are hedging right.

>> No.21267963

everyone who bought over $1950 will shit their pants and sell

>> No.21267981

You always need an escape plan, do your own research I guess. I can always dump my metal to my local collector for a spot price. If I want to squeeze a bit more and I have time, I'd try to sell online to someone who really wants to buy.

>> No.21268031

silver is literally dumping gold right now

>> No.21268040
File: 149 KB, 1280x720, 1581269684955.jpg [View same] [iqdb] [saucenao] [google] [report]

When I purchased NRGOF a few days later it dropped 50% on their drilling news. After reading the report it turned out that they produced numbers that are profitable at other mines and it was only the first set of drilling had a many more, the majority, of holes still left to test.
What happened is people were expecting some huge numbers and getting instant rich and when it didn't happen they fled. That is when I made the crazy moved and purchased more trippling my shares.
So yeah you are going to see huge swings but just hodl as they say and think medium to long term.
We are all going to make it as long as we have the fortitude to stick with it and remember the fundamentals
Here have some cute panties to distract you from the bad stuff

>> No.21268047

There is a wall of JPM options at $25, so yeah. They're counting that the situation will fix itself before they run out, looks like they're going to make it again. Now I kinda want another virus wave, just to see them collapse.

>> No.21268055

If this baby hits $20 an ounce I’m buying hard

>> No.21268062


1.50 was literally the peak of MUX, even more so than the peak, since it hasn't closed higher than 1.46. There is hardly a single miner which isn't down at least 15% from its peak right now. GDXJ alone is down 13% from the peak, and that's an index. Singling out MUX for criticism does not make any sense.

>> No.21268065

This happens in all markets. Look at /biz whenever link moves.

>> No.21268079

At what point do you think holdings like PHYS and PSLV will decouple from COMEX spot?

>> No.21268082

Have you ever lived through hysteria?


Bold words about what gold and silver will be worth then

>> No.21268131

Paper? Because if silver hits $20 this week, you won't find a single ounce out there for less than $32.

>> No.21268137
File: 51 KB, 600x334, 1461184489963.jpg [View same] [iqdb] [saucenao] [google] [report]

Lost 400 so far today lads.

>> No.21268166

getting normies to conflate the two was the plan all along

>> No.21268176

Overconfidence, classic sign of being oversold tomorrow we moon

>> No.21268179

Would anyone play a /pmg/ based quest over on /qst/?

Shit hits the fan and all you've got is your stack. How many desperate milf blowjobs can you accumulate?

>> No.21268211

FUCK this dip I am not selling I’m setting the most lowball buys imaginable and buying give me your panic sells

>> No.21268219

How many ounces in Photovoltaic cells? I'm thinking large surface area = more silver.

>> No.21268244

Lunch dump over soon :)

>> No.21268259
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>> No.21268264
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>> No.21268275

It already has. I don't recall the exact day, but sometime last week JM Bullion was paying $29+ for BARS and was their lowest buy price. Spot at that same moment in time was high 27 or low 28.

Once I saw that, I realized the writing was on the wall. Why does JPM even operate a market when they can sell direct to JM Bullion and hedge a $1 profit per ounce?

Fiscally just didn't add up.

>> No.21268277

>tomorrow we moon
in 2,5 hours my positions will be closed and my gains in my pocket

I won't be here tomorrow

>> No.21268313


>> No.21268342

Agreed. Now if we can only CTRL-Z undo.

>> No.21268355

Thanks. That’s what I plan on doing. Especially with this dip

>> No.21268358

You did this

>> No.21268453

It should, but the brainwashed Normies don't know that, so it can continue to be $20 so the Tech Giants can produce their cheapies.
When did that push started? How is this possible that we have 2 generations of people right now that have no idea what's the spot price of gold and silver? For the first time in 7000 years.

>> No.21268463
File: 41 KB, 450x511, 1519680958107.jpg [View same] [iqdb] [saucenao] [google] [report]

330 here, oh well, i was afraid the dip would happen at 30ish and would be less interesting than buying at 29. Cant really blame myself on this one.

>> No.21268468
File: 723 KB, 674x548, 1517574873665.gif [View same] [iqdb] [saucenao] [google] [report]


>> No.21268481

I know it was the peak and it's the only individual miner I have. I have a lot more in SILJ and GDXJ

>> No.21268482

The way I look at it (rereading, it deserves unpacking) if food cannot reach a store or if bandits decide to steal and become unlawful then I think gold becomes a luxury more than a value retaining item, cities will become uncivilized and that will drive people into forests for safety and food, then food becomes more valuable than carrying gold

>> No.21268484

Don't forget, if you hold physical you are mooning right this moment or on the precipice. COMEX needs to go down so another pricing authority can step to the plate.

>Little known fact, Morgan Stanley holds a personal reserve in the mid hundreds of million ounces (I think I heard Andrew Maguire quote 600million but could be conflating with September's crash haha). They are long and now in direct opposition to JPM. Look at market shares and realize MS is daddy and JPM is baby. MS wins guaranteed.

>> No.21268498

>Inb4 it's just faggy cumex pushing down prices
I'm putting money on for a bounce/retrace of at least 50% starting now

>> No.21268553
File: 1.97 MB, 3320x4104, COINMERC.jpg [View same] [iqdb] [saucenao] [google] [report]

This should be a buy the dip edition of SMG

Everyone, including me, was all "AHHHH I DIDNT BUY ENOUGH" "WAIT FOR PULL BACK TO BUY MORE"

Then a pull back happens
cue sperging

>> No.21268558

So silver really was a shitcoin then? Why the fuck is nobody here apologizing for deluding so many people?

>> No.21268564
File: 42 KB, 692x609, Screenshot 2020-08-11 at 12.30.19 PM.png [View same] [iqdb] [saucenao] [google] [report]

Reminder: You can NEVER beat the Jew

>> No.21268570
File: 112 KB, 620x353, 18788-620x-ac6d1b87accfb57cb9ed2acce836d314.jpg [View same] [iqdb] [saucenao] [google] [report]

Nearly 2000

>> No.21268576

Another tidbit- last night came to the realization that JPM might be the odd-man-out in this economic crisis scenario. There's always a scapegoat and I think JPM realizes they are it.

Someone pulling the levers had to realize all of this would crash the various markets. I'm sure they analyzed JPM's position and realized they were on the way out anyway, so let's lay this on them.

>JPM opening wide

>> No.21268593

>going from $29 to $26 in a single afternoon
>still can't buy physical for less than $33
This is marvelous.

>> No.21268603

15% ebay fees, 4% PP prems anon. its often more too

>> No.21268621

>An average solar panel uses some 20 grams or 0.643 troy ounces of silver. Two-thirds of an ounce of silver in every solar panel may not sound costly given today's silver spot price.
silver uses quite a bit so that market might be effect more heavily

>> No.21268623
File: 52 KB, 897x254, meme news.png [View same] [iqdb] [saucenao] [google] [report]

Help me explain this meme news.
I know they usually come up with this shit after the fact, but how does increased PPI lead to lower metals prices?

>PPI is highest since October 2018
It is obviously not high due to increased productivity, but rather industries needing to up their prices = Inflation. CPI will soon follow with a bigger increase than in June.

Fed can obviously sell treasuries, which apparently they did, but that should crash all equities along with metals.

>> No.21268628

You can if you're playing two different games.

>> No.21268639

I just went long bitch

>> No.21268656

>that feel when I don't even have 2k to lose

>> No.21268659
File: 50 KB, 519x537, 1501529458264.jpg [View same] [iqdb] [saucenao] [google] [report]

I thought this was going to be safer than crypto

>> No.21268661
File: 249 KB, 850x1275, 1562952343282.jpg [View same] [iqdb] [saucenao] [google] [report]

>$1950 is a fair price for a shiny rock, yes?

>> No.21268675

Teach us your magic

>> No.21268689

Oh shit they went up? I thought 10. My bad. But yah, figure out the net and work from that.

>> No.21268719

I'm down over $30k today....doesn't feel good

>> No.21268745

What you are missing is that when currency is backed by metal, it's the metal that sets the price of the currency, not the other way around like people think of it today. The currency is a convenient form of trading metal and can be set constitutionally set at any arbitrary value for convenience.

If they go back to gold standard, they could (for example) issue "new dollars" that are valued at $10 = 1oz gold, $1 = 1oz silver. Because they have a definite supply of gold and silver, they would then be forced to exchange old dollars for new dollars based on the ratio of old dollars in circulation to gold and silver reserves. If (for example) there are $20000 old dollars in circulation for every 1oz of gold reserves, then the exchange rate MUST BE $20000 old dollars = $10 new dollars, or 2000:1. They could also set new dollars to $100 = 1oz gold, in which case the exchange MUST BE $200 old dollars = $1 new dollar.

When a change like this happens your real purchasing power doesn't change, whether you are holding the metal, the old dollars or the new dollars. Your real purchasing power only changes when you are holding an 'asset' which is then devalued through inflation - if you are holding old dollars this happens when the Fed prints more old dollars, if you are holding gold this happens when more gold is mined, if you are holding new dollars this happens when they (inevitably) print more new dollars and reduce the ratio (from $10 = 1oz of gold, to $20 = 1oz of gold, for example).

>> No.21268746
File: 1.08 MB, 1906x1204, Screen Shot 2020-08-11 at 1.35.18 PM.png [View same] [iqdb] [saucenao] [google] [report]

I love how these faggots shill gold none stop and then when it goes down they say "eh, overdue correction" like they expected it

>> No.21268750

Go all-in August 21 SLV calls immediately!!
It is not going to go belly up before September!!
This is the safest 100% return you will ever see in your life!! You're welcome!!

>> No.21268773

I moved some money out of SLV and took profits yesterday to move it into PSLV. I debated waiting a day in cash but didn't.

>> No.21268788
File: 79 KB, 1200x1200, 1577478738613.jpg [View same] [iqdb] [saucenao] [google] [report]

jesus fucking christ SLV down almost 1O% in a single day what the fuck is going on?

>> No.21268796

what strike

>> No.21268805

It's not really magic so much as common sense. Don't let your brain consume their redefinitions. Call a spade a spade. I can assure you they do.

I know it's hard to go all of these years relying on hitting CTRL-F5 to refresh some gold/silver price on your screen. Totally convenient, I get it.

Part of this crash is going to a result in redrawing of those lines. The old ways are no longer. They already are, we just need to get to about 10-13% (statistically speaking) as minority viewpoint before it slowly infects and becomes the majority. They also understand this.

>> No.21268828
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>> No.21268837
File: 11 KB, 227x222, 1517574536553.jpg [View same] [iqdb] [saucenao] [google] [report]

We got cocky and bet against America™

>> No.21268839

It's all part of the plan

>> No.21268844
File: 5 KB, 302x327, Screenshot_12.png [View same] [iqdb] [saucenao] [google] [report]

SLV $30 EoW. Here comes the surge.

>> No.21268858

People have been calling for a correction since $1700. These fags just don't like making money.

>> No.21268859

>This is the safest 100% return you will ever see in your life!!
I did this already, but that statement is against the law.

>> No.21268872
File: 3.56 MB, 200x200, 1461792282279.gif [View same] [iqdb] [saucenao] [google] [report]

>bought the dip
>....in the AM
>dips more

>> No.21268874

the elites control the education system, ez

>> No.21268928

Start correlating every dollar in COMEX spot price reduction to $1+ gain in physical valuation. Just trick your mind, because that's actually what's ocurring. Once COMEX goes to near $0 the outrage will be huge but those with physical will enjoy years of fruitful growth from every country in the world on its way to impending fiat collapse.

>> No.21268972
File: 133 KB, 498x497, providentmetals.png [View same] [iqdb] [saucenao] [google] [report]

Maybe this is the bottom and maybe not but no better time than the present to invest in ten more ounces.
I also think this bar looks sexy as fuck which is nice
The price was $297.70, if paying with check, at provident metals if anyone cares

>> No.21269010
File: 113 KB, 1242x1209, 1595891398883.jpg [View same] [iqdb] [saucenao] [google] [report]

sorry to hear anon, fortunately I only lost 40$ with under 900 invested.

what were you doing if you don't mind me asking?

>> No.21269021

>gold and silver prices tank
>gold under 2k
>silver dropped like $3.50
>platinum down almost $50
>palladium down $120
>keeps going

What is going on?

>> No.21269033

how is investing in silver betting against america? the two are not related

>> No.21269043

What the hell’s going on?!?! I just woke up and lost $4000!! What happened to gold’s moon mission?

>> No.21269058

Bid on First Majestic. Great opportunity.

>> No.21269073

>What is going on?
(((What))) indeed

>> No.21269107

Wew miners took a massive hit too across the board.

>> No.21269109

Need to refuel.

>> No.21269116
File: 238 KB, 1720x2088, SILVEEEEER.png [View same] [iqdb] [saucenao] [google] [report]

It will all be gravy soon

>> No.21269139

Don't you hate it when you single handedly move the market on some of this shit

>> No.21269157

healthy pullback
extremely bullish

>> No.21269200

I can't lose any more money today bro

>> No.21269211

cringe pic

>> No.21269216

dont you mean 1800?

>> No.21269218

Newfags: don't lose your head and you won't lose your ass. Relax!

Also, margin ain't a good idea.

>> No.21269233

>The miners are themselves already valued
I think this is for factually false, most miners are no where near their 2011-2012 highs

>> No.21269237

my shorts didn't make me any money for almost an hour...

>> No.21269251
File: 267 KB, 2170x1240, Screen Shot 2020-08-11 at 1.47.52 PM.png [View same] [iqdb] [saucenao] [google] [report]


>> No.21269261 [DELETED] 


See >>21265267

>> No.21269269
File: 1.08 MB, 1748x2480, 1563809767195.png [View same] [iqdb] [saucenao] [google] [report]

you said 1700? why would I pay you 1600 for this rock?

>> No.21269270

Why are the premiums sky high if the metal is now worthless as some in this thread are claiming?

>> No.21269283

>When you think "down" and "drop" just envision COMEX. It's not your physical metals that are going down. It's them.

If it's not obvious to everyone, then explain to me how investment giants can exit their paper GLD and SLV positions (to buy physical) without bringing down the spot price?

>> No.21269295
File: 1.47 MB, 1544x706, Screen Shot 2020-08-07 at 9.58.20 PM.png [View same] [iqdb] [saucenao] [google] [report]


>> No.21269299

I don't understand. Why does the change in spot necessarily have to be caused by market manipulation?

>> No.21269300 [DELETED] 


See >>21265267

>> No.21269314
File: 1.05 MB, 960x960, 1596651524175.png [View same] [iqdb] [saucenao] [google] [report]


>> No.21269344

I understand. It depends on how you are structured and how you manage reserves. To some this is a great opportunity to others an opportunity to learn.

Anyway, I'm bidding at $10.93. I get it great, if not they'll be a dime a dozen in opportunities in this bull market. Pull up a weekly chart and it will become obvious that this is needed. If you can stay the course.

>> No.21269349
File: 454 KB, 1126x2002, 58BF8ADF-44B6-4B46-B54A-9C50EAF86504.jpg [View same] [iqdb] [saucenao] [google] [report]

Some place their trust in crypto, and some in stocks. But we remember the divine commodities. They are brought down and fallen; but we are risen and victorious.

>> No.21269355


See >>21265267

>> No.21269371

fuck off faggot...

Everyone has been saying there was going to be a pullback... we thought it would pull back when it hit 22 then were shocked to see it spike to almost 30...

This is the pull back.

>> No.21269383

It's overly dramatic. This swing is insane and there really haven't been any changes to the macro conditions except the 10Y treasury which is still abysmal.

>> No.21269385

It is being manipulated, but large institutional investors are exiting positions in droves. Which asset class are they going to put their proceeds into? You have three choices:

1. Bonds (net negative yields)
2. Real estate (inflated bubble)
3. Physical precious metals (???)

Exactly. The act of them selling paper is an indicator of physical moonshot on the horizon. Don't be naive.

>> No.21269397

that is not the case at all
holy fuck zoomers need to be fucking executed you are all literally insane retards

>> No.21269399

if everyone bought one ounce of silver it would crash these banks but people love to serve

>> No.21269403


>> No.21269408

how many hoursa will this silver dip last? I'm in the middle of talking to my family to buy some

>> No.21269410

Have you accounted for dilution?

>> No.21269424
File: 22 KB, 357x150, doubletop.png [View same] [iqdb] [saucenao] [google] [report]

A chunky correction after literal weeks of verticality, calm your tits /pmg/.

>> No.21269430

Fuck it...might as well drop it to fucking zero
Fucking dirty kikes are laughing at us right now

>> No.21269432

Don't forget miner and mint slowdowns. There is likely a shortage through next year.

>> No.21269456

>rare Shiff

Guys, you know it's nothing when even the Basedtards from Leddit say to buy the dip and that vaccine is a Russian Scam. Nothing has changed, printers go full speed again in a few days.

>> No.21269467

yeah no you are wrong

>> No.21269468

Silver just breached 26, heading to 25 faaaaaast

>> No.21269469
File: 38 KB, 985x504, BOOMERS BTFO.png [View same] [iqdb] [saucenao] [google] [report]


>> No.21269476

Bullshit. I can get ounces for $44 right now. Maybe less

>> No.21269477
File: 108 KB, 850x1208, 15874208683365.jpg [View same] [iqdb] [saucenao] [google] [report]

I just closed my shorts on gold for today
$31,000 in profit just today
$56 080.96 in 4 days

thank you for 4 days of crazy trading
you can now pump that shit to the moon

>> No.21269483

Some Jew threw a tantrum and they're burning their Silver Coupons like they used to burn in Auschwitz. Wait... was that racist?

>> No.21269487

Wow. Is this the power of boomers?

>> No.21269489

Thanks bro. I'll just going to not look the rest of today.

>> No.21269491

Are you planning to bug out and move?buy gold,are you planning to stay buy mostly silver.
That's the meta. Coins are better for trading as bars are non standard and are worse in a barter

>> No.21269492
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>> No.21269500


>> No.21269508

Are there elements that the general public are not informed about that could also affect the spot? Not manipulation, but things like banks altering their positions for their mutual funds (which affects millions of people who are invested)? In other words, it's easy to go the route of 'JPM is fucking things up for me', but there may be other explanations that we just don't have the data for.

I'm not sure. The stock market is opening up, and by September schools open, so maybe they're buying low for the inevitable rise on Wall Street. That's what I'd do if I were a multi-billionaire. Why miss the rise?

>> No.21269514

Right now physical BUYERS have a precious advantage. Realizing spot prices are decoupled and lower than physical valued metals, you can still go to local dealers and pick up metals at spot+premium. You will immediately gain value, but here's the kicker...

SELLERS are at a disadvantage while dealers still rely on COMEX spot for their buy prices. That's what is soon to change in the near-term 3-6 month horizon. Once that occurs, you can cash out on your fair market value or hold long.

This time will be remembered as the "great hedge of the 21st century." Those on the right side of the way will exceed their wildest dreams.

>> No.21269515

For fucks sake, can gold please do this? I want to buy some

>> No.21269517

down 66k so far today, shaping up to be a fine day

>> No.21269518

I told you so many times that you should stop posting this brainlet screenshot. Fucking nigger.

>> No.21269522

Picked up a 100 oz Engelhard this past weekend and a 1 Oz Maple earlier in the day. Most positions are way down from 2 weeks ago. This is fine. Folks just try and relax you'll get through it unless you took foolish chances and margined to the hilt (or at all IMO).

>> No.21269526

Hell, I hope it does until the market closes

>> No.21269528
File: 787 KB, 808x805, aaaaaaaaaaaaaaaah.png [View same] [iqdb] [saucenao] [google] [report]


>> No.21269530
File: 1.24 MB, 1679x671, bait.png [View same] [iqdb] [saucenao] [google] [report]

here's a little hint for you unbelievable stupid nigger fucktard zoomers:
the futures open interest has been low the entire time since the mini crash in march, aka the entire "bull run" - this means none of the big investors were willing to speculate, which means they thought it was a short lived bubble

also you're a fucking retard degenerate trying to get easy money, you have no experience with reality so it's easy to manipulate you like the cattle your are with your meme-addled "brain"

PS - anything other than killing jews is a waste of time

>> No.21269532

is this a sign

>> No.21269533
File: 52 KB, 795x377, price.jpg [View same] [iqdb] [saucenao] [google] [report]

sinking like a stone

>> No.21269534
File: 242 KB, 1280x960, gunsgirlandsilver.jpg [View same] [iqdb] [saucenao] [google] [report]

ok folks I am off to the range to practice today
wish me, and silver, some luck and don't get discouraged
Now is not the time to panic its the time to purchase. Panic, for the normies, comes later

>> No.21269538

WTF is going on?? Will it go back up?

>> No.21269558

Smart money

>> No.21269565
File: 42 KB, 659x603, Screenshot 2020-08-11 at 12.57.48 PM.png [View same] [iqdb] [saucenao] [google] [report]

This is just getting ridiculous....it took weeks to
go up this much

>> No.21269577

Yes, some intentional. Just think, if everyone holds their silver, that creates a sellers market. Buyers everywhere backed in a corner with nowhere safe to put their assets. There is no amount of monetary policy or bond that can act as a safe haven as precious metals during times like these. They completely destroyed the other two asset classes and would have done the same for metals had they not been PHYSICAL in nature. :)

>> No.21269583
File: 1.93 MB, 424x530, 1566824965793.gif [View same] [iqdb] [saucenao] [google] [report]

it'll literally never go back up
everything /pmg/ has been talking about with regards to fiat currencies and the current trap they are in no longer apply
sell everything

>> No.21269596

holy shit

>> No.21269601
File: 979 KB, 400x316, 1266387593404.gif [View same] [iqdb] [saucenao] [google] [report]


wow that's the cringiest picture I've ever laid eyes on

>> No.21269604

you literally constantly do exactly what you accuse others of doing because you are so literally mentally retarded from electronic stimulation you have ZERO self perception

>> No.21269605
File: 122 KB, 960x1090, 1499282141018.jpg [View same] [iqdb] [saucenao] [google] [report]

it might

it's a total panic right now and that's the place where I would seek to open long/buy positions

>> No.21269607

my bad, 1500 is a fine price

>> No.21269609

Yikes! I’m actually ruined lol!

I guess trading SLV when I couldn’t get ahold of actual silver was a bad idea! Well, time to go kill myself!

>> No.21269619

Yes, very soon. Watch it stop at $25, JP Morgan had to dump a fuckton of vouchers today to do that. They're hoping that everyone will start selling too, so just don't sell and let them lose. Buy the dip and wait for the not-so-great economical news within a month or two.

>> No.21269623

Yeah how the fuck do pms even go down that much in a day

>> No.21269631

Okay thanks anon, selling it all to the lowest bidder naow

>> No.21269634
File: 248 KB, 773x1000, 1584558721939.gif [View same] [iqdb] [saucenao] [google] [report]

No, anon. It will never be $28 again. Sell everything now, /pmg/ lied and the Fed will be able to create wealth forever. We were all dumbasses apparently

No it didn't. It took like a day to go from $20 to $23, and then from $26 to $28. An equivalent correction was to be expected

>> No.21269636

asset prices go up on an escalator and come down in an elevator

>> No.21269646

Sold at a loss. I'm out of this clown market. It's been fun.

>> No.21269680

If we don't close above $27 today we will likely see $24.5

>> No.21269687
File: 12 KB, 404x371, 1597089252166.jpg [View same] [iqdb] [saucenao] [google] [report]

Anyone got a number for paper created today? I'd love to see it. JPM is going to die.

>> No.21269699

Imagine some hedge fund is just gobbling all this up and is going to stand for delivery

>> No.21269705

>Silver has a down day
>The boomers and autists of /pmg/ lose their minds

Guys, just don't look at your stocks for a week, trust me, they will be back up.

>> No.21269711


GDXJ trades in Europe as well:

>> No.21269713

Do you mean my post or the one you replied to?
Clearly not he case in the post you replied to and I can't make a counter argument to a non existing argument. Unironically hang youself, sub 80 iq nigger.

>> No.21269719

>lie on the internet
>close shorts before it's done dumping
it all makes so much sense

>> No.21269728

how so? its going to happen

>> No.21269736

We'll see 24.50 in 12 minutes son

>> No.21269745

That's all I can imagine. This seems like a huge arbitrage opportunity.

>> No.21269763
File: 183 KB, 850x1458, 158742086833712.jpg [View same] [iqdb] [saucenao] [google] [report]

give me the price of $1920 and I will buy gold from you

>> No.21269764

>hardly any hair below
how boring

>> No.21269776

it's a statement of fact, not an argument you dumbfuck nigger
The fact is everyone has been blindly optimistic and has talked absolutely ZERO about the market fundamentals every single time I've seen this retarded thread, which should be enough to be a representative random sample

you are all fucking retard cattle too lazy to even TRY to understand what's going on, you're fucking braindead

>> No.21269777
File: 53 KB, 659x651, 2020-08-11_11-03-34.jpg [View same] [iqdb] [saucenao] [google] [report]

>a down day

>> No.21269795
File: 170 KB, 344x344, oyvey.png [View same] [iqdb] [saucenao] [google] [report]

All of you niggers are stupid if you guys aren't waiting to get boomer rocks at the bottom of the dip.

>> No.21269801

it's too late and too risky to continue with x18 leveraged shorts and I don't want to leave them over night

I'm also tired

>> No.21269803

This, if you're too emotional for this shit, go back in a week, or better, in 3 weeks. This is nothing, this is their last fucking desperate stand. They have to deliver soon, if the top players didn't sell (they most likely didn't), they'll fuck them in the ass, no lube. We have physical silver shortages that will drag till 2023 if they're lucky.

>> No.21269810

For real. I get obsessing over looking at stocks, but it's not good. Some people don't have the mental capacity and fortitude to realize and withstand that there will be off days.

>> No.21269833

If I hold physical, the fuck whatever is going on. We're in a debt trap no matter what normies think. The rest of the world doesn't have to deal with our shit anymore.

>> No.21269850

Checked, does that look natural to you? All I see are Jewish tricks. Do you have any idea how much it costed them to do that? It's just paper, look at the bullion prices, unchanged. Every dealer knows there is not enough silver, they'll have to market buy next month.

>> No.21269863

They will never put money into equities right now. Just think of how many bankruptcies are on the horizon? How many people are in a personal snafu, not to mention how many of those people sit in positions of authority at publicly traded companies? If you think for a second institutions will blindly trust everyone in this panic, I can assure you they do not. They hardly trust their own partners much less some people they don't even know. There's a long running joke about padding resumes. I have a feeling there is going to be a lot of near-term 10K padding before the real impact is felt. People will always prioritize their personal situations over others. If an altered 10K means the difference between someone going bankrupt or now, I have a feeling they'll kick the can a little further and bide some time.

>> No.21269878

Just bought 17oz off of JM

>> No.21269893

Overbuy -> Oversell.

>> No.21269901

This is the biggest dip this year.

>> No.21269902

What do you mean dump a fuckton of vouchers?

>> No.21269923

>you are all fucking retard cattle too lazy to even TRY to understand what's going on
I know exactly what's going on, I'm trying to fight against it and prepare myself for 2021

>> No.21269939


Refresh on the $25.25/oz low and see the premium % is rising to compensate for the drop in spot. Fucking poetry.

>> No.21269942

>They hardly trust their own partners
They don't. They trust gov guarantees and fees only, kek.

>> No.21269960

>The fact is everyone has been blindly optimistic and has talked absolutely ZERO about the market fundamentals
>every single time I've seen this retarded thread
>every single time I've seen this retarded thread
Well, in that case you simply have to lurk more.
Fundamentals have been talked about a lot and possible pullbacks have been acknowledged. The conlusion was: Simply buy more.
This is a single red day and newfags are already chimping out. Parabolic moves are almost never sustainable.

>> No.21269995

>everyone has been blindly optimistic and has talked absolutely ZERO about the market fundamentals every single time I've seen this retarded thread
Real NIRP, any questions? Literally just listen to powell. We're coming up on a commodities super cycle.

>> No.21269997

Fuck, I am margined into some stuff !!! As long as I don’t get called I’m pretty sure this is bankers trying to save their asses but yikes! I may kill myself!

>> No.21270036

Any crab from here over the rest of the week completes the head and shoulders pattern and we're heading back to $20

>> No.21270064


>> No.21270084

my GLD avg is at 150 when I bought in Jan, I have call options expiring next year at a strike of 143. Lost about 2k in paper value this week but I can afford sit a while on this to see where it goes. A pullback was inevitable I still like Gold at least until the election.

>> No.21270087

>patterns on a manipulated market
Jews could draw a middle finger there, just like BTC whales when it got to $10.000 a few months ago, twice.

>> No.21270094
File: 281 KB, 298x412, lasmanosdiamantes.png [View same] [iqdb] [saucenao] [google] [report]

I'm holding physical, GDXJ, and SILJ until I die

>> No.21270098

i posted it once rabbi, you're thinking of someone else. anyways, die.

>> No.21270107

Don’t kill yourself it’s only a game, I’m getting completely screwed here also

>> No.21270113

Genius anon. Thank you for contributing this. Everyone needs to look here for reality. Close the COMEX/goldprice.org/whatever tab in your browser unless you enjoy watching COMEX fail inch by painful inch.

>> No.21270138

Lol it’s gonna be at 25 in a few min

>> No.21270154
File: 66 KB, 675x601, 1596752434160.jpg [View same] [iqdb] [saucenao] [google] [report]

>Spot Price £19.5
>Cheapest ounce of silver I can find in all of the United Kingdom is £31
Oh no... I lost £0.7 per ounce...

>> No.21270155

>anyways, die.
Anyways, try posting the actual chart and not some redneck cfd broker's

>> No.21270168

kek I know and I think (they) realize the masses are finally awakening. (They) have been sweating all of this for years, how could they not? At what point did someone look at the nnT deficit and think "fuck it, we ain't ever going to fix this shit"... and 10 years later here we are.

>> No.21270211
File: 13 KB, 227x222, pinkwojak.jpg [View same] [iqdb] [saucenao] [google] [report]


>> No.21270242

i copied it from whoever you were calling nigger, dont get all bent outta shape captain cockbreath

>> No.21270261

Good thing I'm not eating otherwise I would throw up.

>> No.21270267

If you were positioned in miners at least 2 weeks ago or beyond, you're probably not doing too bad today on those positions in relative terms.

>> No.21270269

>Heres your first 100 dollar daily move in gold bro

>> No.21270274
File: 55 KB, 720x482, 9D297086-2867-4169-89EB-0ADC1709FB5D.jpg [View same] [iqdb] [saucenao] [google] [report]

>> No.21270276
File: 6 KB, 320x200, silver_1d_o_USD_z (20).png [View same] [iqdb] [saucenao] [google] [report]


>> No.21270306
File: 264 KB, 934x1044, 1597098265058.jpg [View same] [iqdb] [saucenao] [google] [report]

Media Attention soon

>> No.21270318

Does anyone else notice how when real information begins to surface, the infighting seems to ramp up? Can't be shills trying to turn people away from the thread can it?

Sorry JPM, didn't mean to spend so much time bursting your bubble today. I was only planning to make one or two posts.

t. kekfan2020

>> No.21270326

unironically nothing unnatural about that line, zoom out

>> No.21270346

Is 25.50 the bottom for the silver contracts?
I'm glad I bought physical in March.

>> No.21270359

this is my first time investing, how the fuck can it drop so hard in such a short amount of time ? I'm fucking losing so much money from this shit

>> No.21270361
File: 1.30 MB, 1200x800, 1589379811738.png [View same] [iqdb] [saucenao] [google] [report]


>> No.21270363

So basically, take delivery, sell to literally anyone, and profit, amirite? COMEX ded.

>> No.21270375


>> No.21270380

now down 8%, about 10K on the day

if it's a one off, that's fine, since i'm just back to a couple weeks ago, but i don't know if i can mentally take another march style crash.

>> No.21270397


>> No.21270407
File: 4 KB, 309x226, 11112342345.png [View same] [iqdb] [saucenao] [google] [report]

Yeah... natural

>> No.21270433

If you can stand on the seat, then get out of the dining room.

>> No.21270434

I'm pretty sure fake vaccine news has very little to do with this.
"smart money" knows the vaccine is horseshit, if it was about the vaccine why wasn't there a proportional move in stawks?

>> No.21270442
File: 22 KB, 400x460, 1597109106574.jpg [View same] [iqdb] [saucenao] [google] [report]

>Inb4 this is jpm and HSBCs final kick and scream before regulators are ontop of every breath and atom of their operations

>> No.21270483
File: 34 KB, 244x206, 1579033013389.jpg [View same] [iqdb] [saucenao] [google] [report]


>> No.21270497

Yah fuck me those kikes do not want plebs buying physical in this fucking islands

>> No.21270506

>even coming near them
Lofty dreams you have there anon.

>> No.21270513

There is that Bank in America, it's called JP Morgan. They have the biggest stack of silver of them all, and they're using it against the silver to keep the price low, they're suppressing it on purpose. Everyone wins in that scenario except normal stackers and the miners. Big Tech companies need a lot of silver to make stuff, Jews are buying just to have more than their neighbor, and Normies don't realize any of it. Silver has become a controlled niche market.

But then we have the debt bubble and the financial crisis on the horizon, so they won't be able to do that anymore. Silver will soon enter the price discovery phase, it should be over $100 an ounce, but then the Tech Giants wouldn't be able to produce cheap stuff. It's been like this for over 70 years and it only lately begins to crack.

>> No.21270514
File: 152 KB, 1861x868, Cool this fan down plz.png [View same] [iqdb] [saucenao] [google] [report]


>> No.21270528

Anyone else here long but just want to see it keep falling? I just want to see how many contracts can be traded in a day. We have already passed 300k.

>> No.21270535
File: 152 KB, 574x601, 1566333509080.png [View same] [iqdb] [saucenao] [google] [report]

Seems like the jews are pumping the stock market and making metals and cryptos go down to make it look like the only thing worth holding is stocks and fiat. This is manipulation at the finest. They are afraid.

>> No.21270544

On a scale of 0 to fucked like a white on a Friday night, how fucked is comex?

>> No.21270546

New Thread


>> No.21270551

Correction. I spoke too soon, because physical delivery will never happen you don't want to do (this). Sorry, in the past yes, but not today.

>Been a long day, apologies for the confusion

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