I've been subscribing to this guys daily commentaries for years. For anyone wondering about the short squeeze targeting silver, this offers some great insight:
"It was a better week for the US dollar index, but not by much, a rotten week for stocks and palladium, a nothing week for gold, and a blockbuster week for silver.
Oh, my goodness! After racking up tons of trouble and losses for hedge funds by buying the stocks they were shorting, Reddit investors are now talking about silver. They’re clued in to the gigantic world-wide manipulation using paper silver, and seem to understand how enormously the tiny supply of physical silver has been leveraged, setting up the short-sellers (bullion banks) for a gigantic short squeeze. Read this IWB article.
Ho. Ho, ho. Ho, ho, ho, ho, ho! What a pretty picture (gloat not, O my soul), considering the prospect of watching the market-manipulating bullion banks squirm while millions of Lilliputian investors buy silver and drive them to the wall with gigantic losses in the most gargantuan silver short squeeze of all time. Gloat not, O my soul, and resist Schadenfreude with all thy might!
Yet there is a terrible downside: When any market is roiled by a paroxysm, it takes it a long, long time to recover. With silver just now beginning a grand rally that promises to last 8 to 10 years, I would hate to see it driven way up, then dropped. Then again, maybe this is the catalyst for the rally.
Realize, too, that big silver buying will push down the gold/silver ratio dramatically, perhaps even far enough to give us a chance to swap silver for gold — perhaps.
Ponder: if a bunch of retail investors begin buying silver (even the Exchange Traded Funds) then two forces will be driving up the price. First, that retail buying itself, but second, the “shorts," those who have sold silver futures, will have to buy to cover their short positions. Now hell hath no terrorized fear like a short caught in a rising market and a short squeeze. In a self-reinforcing cycle, the faster the price rises, the faster they throw in the town and buy at any price, just to end the pain.
Consider the last short squeeze. Silver began September 1979 at $10.90, and less than five months later on 21 January 1980 closed at $50.35, 4.6 times its beginning price. Nothing drives a market quite like a short squeeze.
But it hasn’t happened yet, it’s only rumors and straws in the wind.
TODAY, friends, the US dollar index, scabrous global prosperity killer, rose a measly 12.9 basis points (0.14%) to 90.584. Remains beneath the 50 day moving average. You can expect that Ol’ Chub, Janet Yellen, at the helm of the US Treasury will not favor a strong dollar policy, so don’t count on any moon shot rallies from the buck any time soon.
Stocks done broke down. Excavating deeper in the 634 point hole it dug on Wednesday, the Dow Industrials average spaded down another 620.74 points (2.03%) to 29,982.62, in the process bustin’ the 30,000 mark. Bad juju, that. For the week the Dow lost 1,015 points or 3.3%. Not to be outdone, the S&P500 this week lost 227 points or 5.8%. Today the S&P500 lost 73.14 more (1.93%) to close below the 50 DMA at 3,714.24. Wait, wait, wait — did I mention that the Dow also closed below its 50 DMA and both indices broke through their uptrend line from the March lows? Well, they did. Next big support is the 200 DMA, 2,400 points lower for the Dow and 365 lower for the S&P.
Yee-owch! The Dow in Silver has collapsed and is nearing the last low. Everything about this chart says, “I am falling to the earth’s core.” The daily bar chart for the S&P500 in Silver shows a huge gap down today, far, far below the 20 & 50 DMAs. The Dow in gold, though not nearly as dramatic, is still below the 50 & 20 DMAs and as broken its uptrend.
Please understand what these charts of the stocks in metals imply, namely, that stocks are about to lose MASSIVE value against metals. This explains why I keep begging y’all to swap your stocks for silver and gold.
Palladium simply collapsed, losing $113.90 (4.9%), crashing through it’s lower uptrend range boundary, and not stopping till it hit the 200 day moving average — bad, bad, going much lower.
Platinum is striving to stay in an uptrend and above the 50 DMA. It keeps on taking a lickin’ and coming back.
Comex watched silver jump up 99.1¢ (3.88%) to 2690¢ while gold gained only $9.40 (0.5%) to $1,847.3.
Again today the gold/silver ratio shouted the loudest. It opened the day with a mighty gap down and then closed at a new low, 68.673, down 3.2%, nearly as low as the last big low in September (68.63). The ratio is shouting that a big move is coming.
Silver, O silver, what can I say? Up 5.4% for the week and 3.8% today alone? Look at that spiking volume following right along with the price? High today as 2777¢, low at 2615¢. Seemed to me that somebody was much at pains to push silver down as the close drew nigh, to close it below 2700¢. Another day of this could carry silver above the last high at 2810.5¢. It’s above the shorter term moving averages and has clear, open sky above. Wow.
Somebody was selling like crazy to hold gold down today. High came at $1,878.90, low at $1,841.20, but it ends only $9.40 (0.5%) higher? Mustn’t let it close over $1,850, huh? If all this hu-hu about folks concentrating on silver buying comes to pass, silver will pull gold up with it. Gold only needs one good day to climb over the 20 DMA at $1,868.
I’m startin’ to like this — it’s startin' to be fun.
Need to warn y’all that the buying panic that began a couple of weeks ago has worsened, and silver and gold inventory have disappeared. Wait times for most gold and silver items have stretched out to four to six weeks, so expect that when you order. Premiums are also higher on everything."
Argentum et aurum comparanda sunt. Silver and gold must be bought.
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"It was a better week for the US dollar index, but not by much, a rotten week for stocks and palladium, a nothing week for gold, and a blockbuster week for silver.
Oh, my goodness! After racking up tons of trouble and losses for hedge funds by buying the stocks they were shorting, Reddit investors are now talking about silver. They’re clued in to the gigantic world-wide manipulation using paper silver, and seem to understand how enormously the tiny supply of physical silver has been leveraged, setting up the short-sellers (bullion banks) for a gigantic short squeeze. Read this IWB article.
Ho. Ho, ho. Ho, ho, ho, ho, ho! What a pretty picture (gloat not, O my soul), considering the prospect of watching the market-manipulating bullion banks squirm while millions of Lilliputian investors buy silver and drive them to the wall with gigantic losses in the most gargantuan silver short squeeze of all time. Gloat not, O my soul, and resist Schadenfreude with all thy might!
Yet there is a terrible downside: When any market is roiled by a paroxysm, it takes it a long, long time to recover. With silver just now beginning a grand rally that promises to last 8 to 10 years, I would hate to see it driven way up, then dropped. Then again, maybe this is the catalyst for the rally.
Realize, too, that big silver buying will push down the gold/silver ratio dramatically, perhaps even far enough to give us a chance to swap silver for gold — perhaps.
Ponder: if a bunch of retail investors begin buying silver (even the Exchange Traded Funds) then two forces will be driving up the price. First, that retail buying itself, but second, the “shorts," those who have sold silver futures, will have to buy to cover their short positions. Now hell hath no terrorized fear like a short caught in a rising market and a short squeeze. In a self-reinforcing cycle, the faster the price rises, the faster they throw in the town and buy at any price, just to end the pain.
Consider the last short squeeze. Silver began September 1979 at $10.90, and less than five months later on 21 January 1980 closed at $50.35, 4.6 times its beginning price. Nothing drives a market quite like a short squeeze.
But it hasn’t happened yet, it’s only rumors and straws in the wind.
TODAY, friends, the US dollar index, scabrous global prosperity killer, rose a measly 12.9 basis points (0.14%) to 90.584. Remains beneath the 50 day moving average. You can expect that Ol’ Chub, Janet Yellen, at the helm of the US Treasury will not favor a strong dollar policy, so don’t count on any moon shot rallies from the buck any time soon.
Stocks done broke down. Excavating deeper in the 634 point hole it dug on Wednesday, the Dow Industrials average spaded down another 620.74 points (2.03%) to 29,982.62, in the process bustin’ the 30,000 mark. Bad juju, that. For the week the Dow lost 1,015 points or 3.3%. Not to be outdone, the S&P500 this week lost 227 points or 5.8%. Today the S&P500 lost 73.14 more (1.93%) to close below the 50 DMA at 3,714.24. Wait, wait, wait — did I mention that the Dow also closed below its 50 DMA and both indices broke through their uptrend line from the March lows? Well, they did. Next big support is the 200 DMA, 2,400 points lower for the Dow and 365 lower for the S&P.
Yee-owch! The Dow in Silver has collapsed and is nearing the last low. Everything about this chart says, “I am falling to the earth’s core.” The daily bar chart for the S&P500 in Silver shows a huge gap down today, far, far below the 20 & 50 DMAs. The Dow in gold, though not nearly as dramatic, is still below the 50 & 20 DMAs and as broken its uptrend.
Please understand what these charts of the stocks in metals imply, namely, that stocks are about to lose MASSIVE value against metals. This explains why I keep begging y’all to swap your stocks for silver and gold.
Palladium simply collapsed, losing $113.90 (4.9%), crashing through it’s lower uptrend range boundary, and not stopping till it hit the 200 day moving average — bad, bad, going much lower.
Platinum is striving to stay in an uptrend and above the 50 DMA. It keeps on taking a lickin’ and coming back.
Comex watched silver jump up 99.1¢ (3.88%) to 2690¢ while gold gained only $9.40 (0.5%) to $1,847.3.
Again today the gold/silver ratio shouted the loudest. It opened the day with a mighty gap down and then closed at a new low, 68.673, down 3.2%, nearly as low as the last big low in September (68.63). The ratio is shouting that a big move is coming.
Silver, O silver, what can I say? Up 5.4% for the week and 3.8% today alone? Look at that spiking volume following right along with the price? High today as 2777¢, low at 2615¢. Seemed to me that somebody was much at pains to push silver down as the close drew nigh, to close it below 2700¢. Another day of this could carry silver above the last high at 2810.5¢. It’s above the shorter term moving averages and has clear, open sky above. Wow.
Somebody was selling like crazy to hold gold down today. High came at $1,878.90, low at $1,841.20, but it ends only $9.40 (0.5%) higher? Mustn’t let it close over $1,850, huh? If all this hu-hu about folks concentrating on silver buying comes to pass, silver will pull gold up with it. Gold only needs one good day to climb over the 20 DMA at $1,868.
I’m startin’ to like this — it’s startin' to be fun.
Need to warn y’all that the buying panic that began a couple of weeks ago has worsened, and silver and gold inventory have disappeared. Wait times for most gold and silver items have stretched out to four to six weeks, so expect that when you order. Premiums are also higher on everything."
Argentum et aurum comparanda sunt.
Silver and gold must be bought.
https://the-moneychanger.com/