Silver Demand

[hoarder]

Smelters are not even accepting sterling now, dealers are paying several dollars under spot for 90% junk silver coins because the smelters are backlogged.
This sounds like industrial demand to me, not momentum investors. If demand is caused by weak dollar, what does that have to do with smelters?

[hoarder]

Talking to PM sellers, they say dealers are offering to buy at deep discounts and delayed payment, dealers say "smelters backlogged, refiners backlogged, warehouses delay paying" etc.

If this spike is caused by weak dollar, where is investor demand? Why are dealers so reluctant to buy metals from individuals? Why are smelters and warehouses even an issue?
If this spike is caused by industrial demand, why did industrial demand more than double is such a short time?

All I get is contradictions.

The only thing that makes sense to me would be that most of the demand is overseas.

[C.Martel]

From what I read and listened to, the spike in silver prices has caused many to sell their silver in the US, this has back logged smelters. A youtube person said, once the selling stops in the US, there is going to be an increase of shortages. I heard from another, that several smelters were not accepting 90% silver because they have too much of the top grades.

The US sells, India and China buy.

[woodman]

Holy Shit! I can’t believe I thanked C Martel.

https://m.youtube.com/watch?v=HQQYhP18YWo&pp=ugUHEgVlbi1VUw%3D%3D

[C.Martel]

The info is from the more credible youtube precious metals channels - Arcadia Economics, Silver Seeker, Silver Dragons, etc. That is the rumor that precious metals channels tend to agree on. This is from the info they are hearing. There is a lot of selling retail and old silver, it goes to the refiners, this makes it to the exchanges and goes to China, India, ETFs and elsewhere.

Depending on location, retail sellers have reported more PM sellers than buyers. Others have reported more buyers than sellers. It depends. The more well known retail locations get more buyers. The less known retail locations get more sellers. Is the general theme. Many of these items make their way to the refiners.

I take metals and the economy seriously. Politics is a joke, so I treated it as such.

[hoarder]

Holy Shit! I can’t believe I thanked C Martel.

https://m.youtube.com/watch?v=HQQYhP18YWo&pp=ugUHEgVlbi1VUw%3D%3D

Information is a closely guarded commodity and I don't know what to believe. I do think the banksters want to implement a cashless society because that makes the most sense strategically. I don't think they could pull it off by generating distrust in the banking system so it's difficult for me to accept the idea that they will unleash the kind of inflation some of these guys are suggesting. Possibly they are leaking ideas that suggest inflation, then they would pull a few strings here and there and put it off a few more years while working closer to their goal of going cashless.
How many years have we been reading predictions of massive inflation?

CMartel, thank you for your posts, all of which say "This message is hidden because C.Martel is on your ignore list."

[woodman]

Information is a closely guarded commodity and I don't know what to believe. I do think the banksters want to implement a cashless society because that makes the most sense strategically. I don't think they could pull it off by generating distrust in the banking system so it's difficult for me to accept the idea that they will unleash the kind of inflation some of these guys are suggesting. Possibly they are leaking ideas that suggest inflation, then they would pull a few strings here and there and put it off a few more years while working closer to their goal of going cashless.
How many years have we been reading predictions of massive inflation?

CMartel, thank you for your posts, all of which say "This message is hidden because C.Martel is on your ignore list."
I had forgotten all about the ignore function!

[hoarder]

Right now you can go on Joutube and type in "silver spike" and up comes dozens of new pump and dump videos and if you watch them most have a certain kosher gefilte fish smell to them.
https://www.youtube.com/results?search_query=silver+spike
Granted that these spikes are difficult for the banking tribe to prevent, but they can add volatility to them, making it more difficult for silver investors to make decisions.
There has been a pump-n-dump to past spikes causing many investors to lose instead of gain, giving metals a bad name.

[woodman]

https://open.substack.com/pub/vblgoldfix/p/how-the-silver-rally-might-end?r=ryxka&utm_medium=ios

here is a price written with the intention of scaring investors and placing doubt on the wisdom of holding and increasing assets as we head further into this fundamental restructuring, which I believe it is. This is a factual piece that leaves out key differences in the former rallies from that we are in today. One must remember that the most effective lies and misrepresentations are done by using 100% truths, without 100% of the truth; also known as lying by omission.

there are enormous differences in what is being called a “rally” today than the forces that shaped the two previous spikes in metal prices.

The rest of the truth? Here’s a bit of it:

Asia and the bulk of nations have risen and eclipsed western economies.
The bulk of humanity can now access information and markets.
Israel and the west are now viewed with contempt for their barbarism and this plays directly into a widespread desire to be freed from the disgusting banking syndicate. It is, after all, organized crime.
I believe China remembers the theft of their silver in the 1930’s and probably will continue on their quest to regain not only parity but increasing dominance of the silver market and all the crucial industrial output it enables.

this is a short list as it is exhausting to type on my phone.

Think there is good reason to believe the short sellers have covered their positions (what do I know) and we are seeing essentially a rise in price due to scarcity. Markets are created by supply and demand.

what could the predator elite have in store? Don’t know, but I do know they hedge their positions. Plan accordingly.

I am not divesting any real assets until I can get a reasonable return.

[hoarder]

You don't trust an honest household name like Michael Lebowitz?