$PSLV volume rose to 20% of $SLV volume. This is a sign of physical accumulation. Same thing happened in April 2020 right before silver rose 100% from $15/oz to $30/oz.
Bat Phone☎️ringing at the COMEX.
Eligible physical gold inventory has drawn down ~55% since 1Q21 peak. This week, gold delivery notices stepped-up 10x. 2-month rolling deliveries +2x relative to Covid-supply chain driven draws.
Paper-Physical basis further rupturing.
When Silver broke out in 1979 it rose over 3X from $15 to $50 in less than two months. $100 Silver could happen quicker than anyone thinks.
#silversqueeze
Silver is near the top of its range. No resistance above. Inflation everywhere. Fed about to implement yield curve control. Delusional government that is going to spend to oblivion. Underwent 200 day correction already. Sentiment is horrible. Good luck shorts!
I'd like to welcome all new millennials on board the Silver train. You've never experienced a more rigged market than this. Every breakout gets sold with a months worth of world silver supply in microseconds. Keep buying physical. Break the banks.
Comex raised silver margins 18% after silver rose for two straight days. Why is rising silver an issue? What are the banksters attempting to paper over?
29.5 mil silver oz were delivered at COMEX yesterday.
This is one of the top 5 amounts since 2000.
20 day total is now 41.5 mil.
5X higher than 2010 the next closest year
$SLV will trade at a discount. $PSLV will trade at a premium. The COMEX will settle in cash. That's called a refund in any other transaction. You buy a soda then instead of the soda they give you your money back. Silver is going to blow sky high real soon.
I've seen three gold guys go to bitcoin over the past week perfectly nailing the top in crypto. My notifications are filled with people going short silver. Sentiment says its time for silver and gold to rock with few on board.
Take a step back. You don't see many charts more bullish than the daily silver chart. Cup & handle, higher lows, rising wedge. Just a matter of time before a big breakout higher.
$AG sees 23.5 mil AgE oz production in 2021 at $11.55/oz AISC. 61% of revenues from silver vs
@CoeurMining
at 37%,
@HeclaMining
at 26% and
@PanAmericanSlvr
at 30%.
@FMSilverCorp
is the highest leveraged and lowest cost silver operator. Data from Silver Stock Analyst.
This is a revolution folks.
The 99% are tired of the low interest rate/QE scheme where rich get richer and poor get poorer. Politically, socially and economically the people are rising up. You are part of it.
#BuySilver
Gold is falling today because inflation expectations (breakeven rates) are dropping more then nominal yields. Deflation can not happen because the Fed steps in every time with more and more stimulus. Inflation is the only way out.
$PSLV short interest is up over 10X in one month to 2.4 mil shares. Didn't the shorts learn their lesson in $GME? $PSLV is setting up for a big squeeze.
$PSLV is spiking higher. $SLV is lagging.
Silver stocks are up across the board.
The COMEX price is becoming irrelevant.
Physical silver demand is driving prices now.
@GarrettGoggin
Physical Silver:
1) cheapest asset on the plannet at $27/oz
2) history: money with 5,000 track record
3) intrinsic value (no counterparty risk)
4) can not be hacked
5) zero risk of loosing private key
6) outside of the financial system - Governement doesn't know you have it
Look at Silver's daily returns in 2011 when it rose from $20 to $50 in six months. The average return is negative. The majority of days were negative. There were multiple +5% drawdowns along the way. Silver is extremely volatile. Buy the dips.
#silversqueeze
This is 250 day (1 year) deliveries. Never higher. Smart investors are loading up to protect themselves from never ending spending, MMT, and parabolic debt increase.
Physical demand is driving
#silver
prices more than the Comex right now, says
@GarrettGoggin
, vocal proponent of the “silver revolution.” He tells
@DanielaCambone
how investors are taking on big banks— and why the $PSLV is outperforming the $SLV.
WATCH:
Silver Open Interest/Inventory vs silver price. COMEX silver OI is 839 mil oz vs inventory of only 399 mil oz. OI is 2.1X inventory. The lowest its ever been. Note silver tops are marked by OI rising more than inventory. Opposite of what we have now.
The Silver institute sees a record 350 mil silver deficit in 2020. Unprecedented demand versus declining supply. Sounds like a recipe for higher prices.
Real rates are climbing. Silver is following lower.
Now that the stock market is taking a small hit, the Fed will start looking at yield curve control. They will buy the long end pushing real yields lower, and the Fed balance sheet higher. This will send silver and gold higher.
Miners are fairly valued. Here's why. Look at the infamous chart of gold vs the HUI Gold Bugs index. (I use the HUI because it dates back to 1994. The GDX only goes back to 2006). Look at the gap between gold and the miner index. Gold miners are so undervalued, arm wave, blah
$SLV / $PSLV. $PSLV is holding up better than the $SLV.
Last time the ratio dropped this much was March 18, 2020.
That was the Silver bottom at $12/oz.
#GotPhysical
?
...and GLD shares continue to drop. We are setting up a for a massive move. Nobody is involved yet. Crypto been stealing gold's thunder. Gold will do what it always does over 1000's of years of history. Maybe not today, but it's coming for sure.
Silver demand is expected to rise 11% to 1 bil ounces in 2021. Silver has been in a net deficit for over 10 years yet it is trading at a lower price than 40 years ago. GMAFB
A breakout like this has only occurred two other times in silver... 1979 and 2011. Both times the rally lasted another month and silver rose at least another 100% higher.
#silversqueeze
I have never seen more multi million ounce resource companies trading for cash in the bank. $8 mil mkt cap with 5 million ounce resource with good grade. Never seen anything like this. Smart investors are going to make a lot of money. A lot!
CPI less Fed Funds shows real rate of -2.35%. Deepest since 2006 and 2009. Both times gold doubled over next two years. We are setting up for a big move!
Burry is going off. Lumber, bitcoin, nat gas, stonks, ags are exploding. This past year changed everything. Our government embraces direct payments and MMT. Game over. Buy Silver.
Silver Eagles are selling for 136% of spot. See late 2008 when Eagles sold for same premium. This marked the bottom at $11/oz. Silver then ran to $50/oz over next couple years. Good idea
@TaviCosta
Large cap gold miners are gushing cash. Newmont and Barrick both yield over 4%. If stock buybacks are considered ( $NEM, $GOLD, $KGC) total return to shareholder yield is near 8%. Royalties pay steady dividend of about 1%. Revised table.