Credit deflation and the reflation cycle to come (part 2)

[wherebee]

8 minutes ago, spygirl said:

 

“We are confident that the influence of retail investors on silver will not last all that long,” analysts at Commerzbank said.

 

 

German banks really are fuckwits, in my experience.  No imagination, no way of realising the world has changed until it smacks them in the mouth.

Lets say less than 1% of the under 30's in the west understood how gold and silver are real money (not fiat) and how governments are terrified of them finding a real price level.  I didn't understand until I was mid 30's, and only because in HK it's talked about openly at a coffee table level.

As of this week, it's probably approaching 5% of under 30's.  Hell, even my son (late teens) is talking about it in the car ffsake, and he's more interested in online gaming than anything.  He's asked me out of the blue to teach him about stocks and trading after GME became a topic amongst his mates.

Whether or not this reddit raid on silver works, whatever the reaction of TPTB, you could see up to half of under 30's working out how fucked fiat is in the west.  That's HUGE for the silver and gold market, for ever.

[Chewing Grass]

1 minute ago, wherebee said:

As of this week, it's probably approaching 5% of under 30's.  Hell, even my son (late teens) is talking about it in the car ffsake, and he's more interested in online gaming than anything.  He's asked me out of the blue to teach him about stocks and trading after GME became a topic amongst his mates.

Whether or not this reddit raid on silver works, whatever the reaction of TPTB, you could see up to half of under 30's working out how fucked fiat is in the west.  That's HUGE for the silver and gold market, for ever.

Think about Silver is it spills over into the antiques market where silver gets even more interesting with its added value on many fronts.

[geordie_lurch]

So are we going to get some bargains today / this week or have we already missed the bottom. Time to fund out...

[Boon]

Oilies could be the bargains, they are down.

[Yadda yadda yadda]

FRES and HOC have gapped up. 15 and 13% each. Not spectacular for silver but a good start.

XOM and BP earnings are on Tuesday I think.

[geordie_lurch]

1 minute ago, Yadda yadda yadda said:

FRES and HOC have gapped up. 15 and 13% each. Not spectacular for silver but a good start.

XOM and BP earnings are on Tuesday I think.

Yes my punt on Fresnillo last week seems to have been a good one so far 

[Lightscribe]

37 minutes ago, Chewing Grass said:

Think about Silver is it spills over into the antiques market where silver gets even more interesting with its added value on many fronts.

Shhh! Don’t tell everyone about that! More competition with loading up on tankards/goblets/fruit bowls for well below spot 

[Democorruptcy]

17 minutes ago, Boon said:

Oilies could be the bargains, they are down.

BP reporting on 4th quarter and declaring dividend Tuesday, RDSB on Thursday.

Of thread interest also this week VOD, BT, RMG & GSK (COP & XOM in US)

[feed]

52 minutes ago, jamtomorrow said:

What they don't have is the attention span and/or patience of the institutional players. Redditors need to look like "winning" this one soon (like: this week), otherwise the they'll lose interest and move onto the next mania.

The action is going to be different. 
Physical has drawn down. What happens when a cheap shiny meets the hodl generation.

[Lightscribe]

10 minutes ago, feed said:

The action is going to be different. 
Physical has drawn down. What happens when a cheap shiny meets the hodl generation.

Yup. People underestimate the Gen-Zers as needing constant stimulation and losing interest. They understand this boomer perception of them all too well. They’ve cut their teeth on crypto and are now out for blood in the real world at the broken legacy that’s been left for them.

The goal is to buy all available physical and to hold to dislocate the spot paper price to physical as much as possible. They hope that this will expose COMEX in actually having no physical to back up their paper and hurt JP Morgan massively in the process. They’re in it for the long game.

[spygirl]

59 minutes ago, wherebee said:

German banks really are fuckwits, in my experience.  No imagination, no way of realising the world has changed until it smacks them in the mouth.

Lets say less than 1% of the under 30's in the west understood how gold and silver are real money (not fiat) and how governments are terrified of them finding a real price level.  I didn't understand until I was mid 30's, and only because in HK it's talked about openly at a coffee table level.

As of this week, it's probably approaching 5% of under 30's.  Hell, even my son (late teens) is talking about it in the car ffsake, and he's more interested in online gaming than anything.  He's asked me out of the blue to teach him about stocks and trading after GME became a topic amongst his mates.

Whether or not this reddit raid on silver works, whatever the reaction of TPTB, you could see up to half of under 30's working out how fucked fiat is in the west.  That's HUGE for the silver and gold market, for ever.

Gold and silver are not money. They are commodities.

try paying for a house in gold, directly.

If you mean a  store of value then you are getting closer.

 

The German banking system was designed very differently, the regulators preferring dozens of small regional banks who understood their home area better than, say, HBOS.

Where German banking has fail is with the large commercial banks  who were overwhelmed by the german economic success that pumps huge amounts of cash to them and wants it invested a no risk.

German economy is cash rich. Theres little demand to get rid of the cash internally. So they go abroad and thats when problems happen.

 

 

 

 

[wherebee]

Just now, spygirl said:

Gold and silver are not money. They are commodities.

try paying for a house in gold, directly.

If you mean a  store of value then you are getting closer.

Not to derail this thread, but that's bollocks.  If someone rocked up and wanted to buy the house I am sitting in now in gold coins, I'd bite their fucking arm off.

Gold and silver have been proven to be money in critical situations where you want to get out alive, as well.  Paper money - not so much.

Anyway, no more on that.  I suspect the under 30's will be awakened to fiat much earlier than I was, or you need to be

 

[jamtomorrow]

12 minutes ago, Lightscribe said:

Yup. People underestimate the Gen-Zers as needing constant stimulation and losing interest. They understand this boomer perception of them all too well. They’ve cut their teeth on crypto and are now out for blood in the real world at the broken legacy that’s been left for them.

I think that's true of the core movement.

I'm just not sure it's true of the huge influx of newcomers - with a much wider gamut of motivations - needed to lay siege to silver. Time will tell, I'd be very happy to be wrong.

[Yadda yadda yadda]

6 minutes ago, Lightscribe said:

Yup. People underestimate the Gen-Zers as needing constant stimulation and losing interest. They understand this boomer perception of them all too well. They’ve cut their teeth on crypto and are now out for blood in the real world at the broken legacy that’s been left for them.

The goal is to buy all available physical and to hold to dislocate the spot paper price to physical as much as possible. They hope that this will expose COMEX in actually having no physical to back up their paper and hurt JP Morgan massively in the process. They’re in it for the long game.

Having read wsb they appear to think that silver is being pushed by band wagon jumpers. People using wsb's new found fame to push their separate agenda.  It is largely being deleted from there. The old guard have obviously been swamped by millions of new subscribers and there are attempts to set up new boards for them.

This silver push is all over Twitter and has made the media. That will create a momentum all of its own. I don't know how long it will last.

I agree that youngsters are more than capable of holding silver for the long term. You can't really trade silver coins. It does tend to be a long term investment. It will be fascinating to see what happens.

[spygirl]

21 minutes ago, wherebee said:

Not to derail this thread, but that's bollocks.  If someone rocked up and wanted to buy the house I am sitting in now in gold coins, I'd bite their fucking arm off.

Gold and silver have been proven to be money in critical situations where you want to get out alive, as well.  Paper money - not so much.

Anyway, no more on that.  I suspect the under 30's will be awakened to fiat much earlier than I was, or you need to be

 

The conveyancing solicitor would not let it happen.

And youd be up for money laundering.

Currency is something you can spend directly.

Gold has a store of value. The value needs converting to money before anything can happen.

 

 

 

 

[Bricks & Mortar]

 

11 minutes ago, Yadda yadda yadda said:

Having read wsb they appear to think that silver is being pushed by band wagon jumpers. People using wsb's new found fame to push their separate agenda.  It is largely being deleted from there. The old guard have obviously been swamped by millions of new subscribers and there are attempts to set up new boards for them.

This silver push is all over Twitter and has made the media. That will create a momentum all of its own. I don't know how long it will last.

I agree that youngsters are more than capable of holding silver for the long term. You can't really trade silver coins. It does tend to be a long term investment. It will be fascinating to see what happens.

Having taken DB's early advice, (that if a guy didn't have a large pot or was starting out, he might stick to a small number of silver miners), and subsequently started following the main silver investor/commentators on Twitter;  the above is exactly what happened.  Silver push comes from long-time silver investors who tried to go on wsb and promote their thesis, and are getting thrown out because wsb isn't finished with GME and their other stocks yet.

[Yadda yadda yadda]

3 minutes ago, Bricks & Mortar said:

 

Having taken DB's early advice, (that if a guy didn't have a large pot or was starting out, he might stick to a small number of silver miners), and subsequently started following the main silver investor/commentators on Twitter;  the above is exactly what happened.  Silver push comes from long-time silver investors who tried to go on wsb and promote their thesis, and are getting thrown out because wsb isn't finished with GME and their other stocks yet.

WSB will soon be as associated with the GME crash as with the pump. I don't know when it will crash or how high it will go first but it isn't staying near the moon.

[geordie_lurch]

Second most read story on BBC web site:

Silver surges as Reddit army turns to commodities

https://www.bbc.co.uk/news/business-55882758

[Gin]

It is party time and the more the big hedge fund managers kick back the more the Reddit gang will smile and think....game on. It makes a change from Fortnite . They want the challenge , that is what rocks their boat . They certainly do not worry about losing a few hundreds of £`s .

[Virgil Caine]

2 hours ago, Lightscribe said:

Yup. People underestimate the Gen-Zers as needing constant stimulation and losing interest. They understand this boomer perception of them all too well. They’ve cut their teeth on crypto and are now out for blood in the real world at the broken legacy that’s been left for them.

The goal is to buy all available physical and to hold to dislocate the spot paper price to physical as much as possible. They hope that this will expose COMEX in actually having no physical to back up their paper and hurt JP Morgan massively in the process. They’re in it for the long game.

That is the only viable strategy since the Central Banks can’t print more physical metal. If people want to make a difference they need to buy it and require physical delivery.  They also need to avoid buying using leverage because then the likes of JPM have a route to shake them out of their position.  The unknown is how much inventory both visible and hidden is there out in the real world. It was hidden inventory, leverage and interest rate hikes that did for the Hunt brothers in 1980. One wonders if the big players do lose control of the market will CBs be forced to hike interest rates

[Hardhat]

Some real "rubber band" action in the silver miners this morning.

I remain unconvinced that silver is in a major move here, I think I would need to see it breach $30 to start believing we are in a different place to the summer.

I would be very happy to be proven wrong...

[Hardhat]

Shell targets power trading and hydrogen in climate drive

https://uk.finance.yahoo.com/news/shell-targets-power-trading-hydrogen-010542112.html

Some "Greenwashing" here, but bullish for hydrogen and natural gas.

[Tingles]

Bullionvault has proven to be very effective regarding this 'Silver squeeze' situation.  Previously I have only used it to hold as a hedge and not for any short term trading.  On Thursday morning I bought 80kg and sold this morning.  May have called it too early but completely happy with 13% up (after fees) in just under 96 hours, generally I am not one to look back except for learning.

My main conclusion is that Bullionvault has been incredibly efficient and convenient when used in a trading context.

[DoINeedOne]

19 minutes ago, Tingles said:

Bullionvault has proven to be very effective regarding this 'Silver squeeze' situation.  Previously I have only used it to hold as a hedge and not for any short term trading.  On Thursday morning I bought 80kg and sold this morning.  May have called it too early but completely happy with 13% up (after fees) in just under 96 hours, generally I am not one to look back except for learning.

My main conclusion is that Bullionvault has been incredibly efficient and convenient when used in a trading context.

Nothing wrong with taking profits, BullionVault is a great site for holding

I have small amount physical as in coins but most silver i own is with BullionVault

Not sure about this Silver pump my average buy is around £12.5 if we get near £25 i may sell 50% to recover my investment whilst still holding half then if it drops back down i can re-buy back in, if it doesn't drop i have my original investment money back and silver to hold

[wherebee]

Do you know whats funny?

 

There is an Australian Silver Miner called SVL on the ASX.  Same letters as the one the reddit gang are targetting in the USA, but a real miner.  I posted about a week ago it was one of my minnows; I bought it because it owns a lot of land which if it gets good grades on would go to da moon for real reasons. 

It went up 48% today.  I reckon people are just buying it without checking the name.  I'm up 58% on my  holdings (small though it is). 

Mental.

Edit: If it goes above 60 cents I'll sell a third, which will cover my original stock, and then the rest is a free investment.  Be crazy not to, really.