Hey Michael, I have missed the real world evaluation that you see. The MSM is BS. It is getting harder to see the truth when the MSM shills tell the lies to the masses. You are the light of reality. God Bless You.
COMEX will not be allowed to default. So what are they going to do? Briefly, I believe they will copy how LME dealt with the Nickel crisis and suspend EFP before 27th February (first notice on March contract)... they will say it is 'temporary'.
This will crash COMEX price and all the shorts will get out... and then go long. When price is high enough, EFP will return.
A former-retired LBMA / Comex / JP Morgan bullion bank trader and executive has his own Facebook group called The Silver Forum and he calls himself SilverDaddy. He said on the Facebook group:
It couldn’t break through $90. Possible it breaks down to $60s-70s (I hope not) before it attempts 90 again? Irrespective of whatever silver is trading at in China, I think it’s gonna test the support again and possible go a little lower. I prefer it goes back to $120 but unfortunately a lot of damage was caused on the chart. Don’t sell your physical but sell your paper silver , higher probability of going lower. Don’t margin just yet.
I was about to comment on X to ask where you've been!
The Ditch is Back.....Thanx for the good Work.
I like how that Feb. contracts line is hooking upwards when all other lines within that range have historically hooked down. Let's Go!
good to see you back, can't wait to say OUT OF THE VAULT! again! want to see those COMEX holdings numbers for silver go to zero
Hey Michael, I have missed the real world evaluation that you see. The MSM is BS. It is getting harder to see the truth when the MSM shills tell the lies to the masses. You are the light of reality. God Bless You.
Interesting times we live in…
I saw that coming. The gap up days for $GLD and $SLV with huge moves last weak were the sign.
Buying opportunities will come again. Wait and see what patterns emerge for now I say.
There are only 3 solutions I can see
1) they let prices on COMEX rise to the level at which they can find sellers of physical
2) they continue paper suppression until they run out of physical and default
3) they end EFP and become a cash settlement market
Shanghai premium is now $37.50, they had better decide soon. Time is not on their side.
COMEX will not be allowed to default. So what are they going to do? Briefly, I believe they will copy how LME dealt with the Nickel crisis and suspend EFP before 27th February (first notice on March contract)... they will say it is 'temporary'.
This will crash COMEX price and all the shorts will get out... and then go long. When price is high enough, EFP will return.
A former-retired LBMA / Comex / JP Morgan bullion bank trader and executive has his own Facebook group called The Silver Forum and he calls himself SilverDaddy. He said on the Facebook group:
It couldn’t break through $90. Possible it breaks down to $60s-70s (I hope not) before it attempts 90 again? Irrespective of whatever silver is trading at in China, I think it’s gonna test the support again and possible go a little lower. I prefer it goes back to $120 but unfortunately a lot of damage was caused on the chart. Don’t sell your physical but sell your paper silver , higher probability of going lower. Don’t margin just yet.
-SilverDaddy
SilverDaddy
Calabasas, CA USA
Facebook Group: The Silver Forum
https://m.facebook.com/groups/2103904343785161/permalink/2135140130661582/?mibextid=wwXIfr