Is Silver next?

[ancjr]

I knew there was downward pressure, but not how much.

 

[snorko]

One factor I heard mentioned, and it sounds reasonable, is that a lot of paper silver is getting sold to fund margin calls from the downward equities market.

 

[ancjr]

One factor I heard mentioned, and it sounds reasonable, is that a lot of paper silver is getting sold to fund margin calls from the downward equities market.

Thats a valid observation.

 

[snorko]

Thats a valid observation.

Well, broken clock...Anyway, does anyone know where to find a current paper to physical ratio?

 

[ancjr]

Well, broken clock...Anyway, does anyone know where to find a current paper to physical ratio?

That sounds like it'd be a Comex trade secret.

 

[DoggyDaddy]

I don't know anything about crypto, and have no desire to even dabble in it, but I saw that it was taking a hit too. Apparently bitcoin dropped below $36K yesterday. I am still skeptical. It just sounds like a total scam to me.

 

[snorko]

That sounds like it'd be a Comex trade secret.

I remember watching a youtube video and it referenced/showed a web page that I believe was a .gov site. had tons of real time data like the debt, deficit, etc. Also had the silver and gold physical to paper ratios.

 

[asevans]

https://www.usdebtclock.org/

AA

 

[snorko]

https://www.usdebtclock.org/

AA

Excellent. Don't know why I could not remember that, unless I just want to forget. Watching that is both cool and sickening.

BTW paper to physical silver is 362:1.

 

[DoggyDaddy]

Below $21... Just ordered 8 more 1 oz. rounds.

 

[Tyler-The-Piker]

Wouldn't you know it. I finally bite on silver and the price goes through the floor.

The early 2000s and, more specifically, Mar/Apr 2020 were "the floor"s

 

[ancjr]

Wow

 

[DoggyDaddy]

Once again, I bought too early.

 

[asevans]

Nobody can know where the bottom is. As long as your buying it on the way down. That’s all you can do.

With the stock market crashing silver and gold always follows at first, then jumps up.

Not sure about anything anymore though.

AA

 

[ancjr]

Silver knocking on the 52 week low

 

[ancjr]

Well, broken clock...Anyway, does anyone know where to find a current paper to physical ratio?

Rick Rule often quotes the statistic that 200X the good delivery silver is traded on the Comex in a given day. A lot of paper.

 

[spencer rifle]

Ordered some of these on the dip this morning. So doubtless the price will continue falling....

 

[ancjr]

Ordered some of these on the dip this morning. So doubtless the price will continue falling....
View attachment 200233

Thanks for the tip.

 

[ancjr]

Crude oil is taking off this morning. Is it footing or just another stair step into the basement for commodities?

 

[DoggyDaddy]

Ordered some of these on the dip this morning. So doubtless the price will continue falling....
View attachment 200233

Just ordered one of these from Provident.