Why is silver such a dog?

[Bottom Feeder]

What a show.
2012 at $35 and 2011 at a weakly twenty bucks.

what a dog
a dead one at that

[ziero0]

I have yet to discover a good carpenter who uses a rubber band tape measure.

[keehah]

"The silver business in America does not seem to be able to settle down otherwise than through a crash. Nor does Cleveland seem to have the power and courage to break the necks of this bribery ring. And it would be really good if things came to a head.

A nation — a young nation — so conceited about its “practice” and so frightfully dense theoretically as the Americans are, gets thoroughly rid of so deep-rooted a fixed idea only through its own sufferings. The plausible idea of imagining that there isn’t enough money in the world because one hasn’t any when one needs it — this childish idea common to the paper currency swindle à la Kellogg and to the silver swindle is most surely cured by experiment and bankruptcy, which may also take a course that is very favorable for us" -Friedrich Engels 18 March 1893

[Bottom Feeder]

So inflation at 7 to 8% and silver at -3%
Yeah — makes sense to me

[hoarder]

So inflation at 7 to 8% and silver at -3%
Yeah — makes sense to meThe banksters have bought up most of the major bullion dealers. They enforce the spot price of paper silver on physical silver.

[Bottom Feeder]

Hummmmm
I see you cannot edit yer post.
I didn't mean 2011, I meant 2022 in my original post.

(still trying to get the hang of things over here.)
BF

[keehah]

Gas and oil commodity derivative market shorts price manipulation gets similar subsidies for fraud and market misallocations.

yahoo.com: Bloomberg-Energy Trading Stressed by Margin Calls of $1.5 Trillion (https://finance.yahoo.com/news/energy-trade-risks-collapsing-over-092509271.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr)

September 6, 2022
“Liquidity support is going to be needed,” Helge Haugane, Equinor’s senior vice president for gas and power, said in an interview. The issue is focused on derivatives trading, while the physical market is functioning, he said, adding that the energy company’s estimate for $1.5 trillion to prop up so-called paper trading is “conservative.”..

Read more: Europe’s Lehman Warning on Energy Prompts Flurry of Cash Help (https://ca.finance.yahoo.com/news/europe-lehman-warning-energy-prompts-083318251.html)

September 6, 2022
(Bloomberg) -- European governments are patching together emergency measures to support utilities amid fears that companies will buckle under the weight of growing margin calls, worsening an energy crisis that’s sent prices soaring and left the continent short of gas...

Norway’s Equinor ASA has said that European energy trading risks collapsing under the weight of margin calls amounting to at least $1.5 trillion...

Along with such actions have come dire warnings as wild price moves increase the amount of collateral companies need to maintain hedges. Finland is warning of an “energy-industry Lehman Brothers” moment, with companies facing sudden cash shortages...

Power providers and energy traders faced huge margin calls last winter when gas prices jumped to what were then record highs. Now as those levels are dwarfed after months of price surges, governments are beginning to heed industry warnings that policy support may be needed with prices expected to stay higher for longer.

“Companies have been bleeding cash for a long time because of the margin calls and collateral requirements,” said Kristian Ruby, secretary general of power industry group Eurelectric. “This triggers the question -- ‘What if things get worse?’ Governments need to be ready to handle such a situation and back up companies with direct credit, otherwise there’s a risk of one falling and dragging down others.”

EU plans to intervene would be “sensible” for derivatives trading, Haugane said. Among the emergency interventions being discussed by the EU are price caps in power and gas markets.

But in gas, such measures would be extremely difficult due to the global nature of the market. For example, Europe has to beat Asia on price to attract liquefied natural gas cargoes.

“Power is a local, i.e. domestic, market, so in this case it would be possible to do something governments could control,” Haugane said. “But the issue of a gas price cap is different, because the natural gas market is global, and hence not that easy to [mis]manage.”...

The European Commission is also examining measures to help with liquidity. These could include credit lines from the European Central Bank, new products as margin collateral, and temporary suspensions of derivatives markets, according to a policy background paper seen by Bloomberg News...

The surge in gas prices over the past two years has produced a crunch not dissimilar to the financial crisis, said Anatol Feygin, chief commercial officer at Cheniere Energy Inc., the biggest US liquefied natural gas exporter. “There are few places to look other than central banks” for help, he said...

“I have not seen any of the major trading houses have a liquidity issue, they all managed to find lines of credits and bank facilities and they are all making more money than they have ever made,” Souki said in an interview at Gastech. “For the utilities in Europe, it is a serious issue because they are buying gas that is now all of the sudden is extremely expensive, and they are regulated by their respective governments.

[Bigjon]

Gas and oil commodity derivative market shorts price manipulation gets similar subsidies for fraud and market misallocations.

yahoo.com: Bloomberg-Energy Trading Stressed by Margin Calls of $1.5 Trillion (https://finance.yahoo.com/news/energy-trade-risks-collapsing-over-092509271.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr)

Nice write up, wrong thread?

Silver?

[Bottom Feeder]

when dogs are cheap, it's time to buy more dogs
Little lower yet, then go get the truck

BF