- Jul 15, 2014
- 28,445
- 47,247
The Hunt Bros only crime was that they weren't in "the club." The club changed the rules during the game and called the bros "bad". Then, for good measure, you prosecute them. Basically the same for Milken.From what I can discern, if 8 large banks are short silver, it must be a small amount. There is not a huge short interest in silver as far as I can find and in fact most of the large banks research depts. have been recommending long positions in the precious metals.
Or maybe the Hunt brothers sons are trying to do a redux, LOL..
More importantly, where's BEEKS?????
https://y.yarn.co/f103150b-da71-4849-a662-918e9246fae7.mp4
Silver markets open at 6pm. Up over another 5% out of the gate, but has settled down a little. Currently at $28.10.
All huge online physical silver markets (apmex, jmbullion, etc) have completely stopped selling.... or have placed things on a 10 day hold.
The Hunt Bros only crime was that they weren't in "the club." The club changed the rules during the game and called the bros "bad". Then, for good measure, you prosecute them. Basically the same for Milken.
And now, we see history repeating with all these short squeezes, don't we?
When silver went to $45 last time, it was definitely headed for triple digits, so what did they do? Have the boys in Chicago change the rules/margin requirements. 50% chop to spot.
Expect more of the same. No your place, peasant!
I don't know how much longer wsb will be up. A lot of the serious talkers have moved to 4chan. This was posted today regarding going after silver, and he's right. Silver is the achilles heel of the financial system.
Silver isn't the same issue in today as it was in 2011. In 2011, JPM had inherited MASSIVE paper shorts on silver from Bear Stearns collapse and you could effect a short squeeze by buying paper silver. That is what was happening in 2011, but then the CME stepped in a changed the rules. That short position doesn't really exist anymore on paper. The only way to do this today is by buying PHYSICAL silver, not SLV type paper, and that's what people are doing. This could cause a problem and it's why SLV is also rising.I don't understand. Why would our economy depend on banks shorting silver? This is the stupidest thing I have heard, but hey, markets are crazy these days.
I had an interesting conversation today and am having another one tomorrow morning... Did you say that just randomly (but obviously in correct context), or did you say it deliberately and likely in the context it was discussed in the conversation I had today?
When silver went to $45 last time, it was definitely headed for triple digits, so what did they do? Have the boys in Chicago change the rules/margin requirements. 50% chop to spot.