Thanks again for your analysis and explanation regarding the massive amount of shorts and their upcoming dilemma. It makes me happy to watch market manipulation finally receive karma and if the big players in these shorts do suffer some big losses on silver, may perhaps be the start of the contagion that leads to my long awaited correction for the Fed manipulated SPX.
Me too. Can you imagine the Bailey eating his cornflakes and reading that Russia is adding silver to the strategic reserves. He must've spat half of them out. Oof! Talk about karma 🤣
Eye opening analysis, J, thank you for explaining aspects ignored by the vast majority of analysts. Interesting times indeed. Look forward to your net piece!
It seems paper holders could be badly hurt in this scenario. Would you please explain how much concern you have about GLD and SLV type holdings as this shakes out? Are mining stocks the only way to play this for those who can't stack physical now? Great analysis and writing. Thanks!
The issue with GLD and SLV is that they can be included in the category of paper silver. They do not promise or guarantee to hold allocated silver and gold the way Sprott's PHYS and PSLV do.
Though GLD and SLV are probably not the first products that will fail, there is an element of counterparty risk that you don't face with bullion or miners. That may not matter so much in ordinary times, but in the coming global financial crash and reset it will.
Great report, although everything you have mentioned above is true NOTHING has been more impactful then the fact that this (and many other) market is SEVERELY controlled and manipulated. The only reason silver was/is undervalued and maintained at this level is because of that manipulation by TPTB. And the only reason it is going up is because they are being over run! Maybe this is a good reason; Russia proposes to put the Comex and LME out of the market-rigging business
Russia in Talks with BRICS Over Precious Metals Exchange
By Anastasia Lyrchikova, Darya Korsunskaya, and Gleb Bryanski
Reuters
Thursday, October 24, 2024
MOSCOW -- Russia is in talks with other BRICS members about creating an international precious metals exchange to ensure fair pricing and trade growth, the country's Finance Minister Anton Siluanov said in a statement today.
Leaders of BRICS countries, which account for 37% of the global economy, gathered in the Russian city of Kazan this week to discuss initiatives aimed at creating alternatives to the Western-dominated financial and trade infrastructure. "The mechanism will include the creation of price indicators for metals, standards for the production and trade of bullion, and instruments for accrediting market participants, clearing, and auditing within BRICS," Siluanov said.
The BRICS precious metals exchange would rival Western trading platforms, such as the London Metal Exchange, and would protect trade from sanctions imposed by the West on BRICS members Russia and Iran. ...
Everything you need to know is at GATA! Deutsche Bank has settled with us on the manipulating The FIX and Scotia Bank is settling with us for their traders spoofing the market. 4 more to go!!! GATA supporter David Caron of Kelowna, British Columbia, is one of two lead plaintiffs. Among the investors claimed to have suffered losses as a result of the market manipulation are investors in financial instruments managed by GATA's friends at Sprott Asset Management in Toronto.
jesse, please provide some kind of mailing address for checks and money orders. i will gladly send you a $160 check today if you will do that. your last two articles (today is october 22) really went viral in the world silver community. you were in GATA yesterday. you're on fire!
why are you hiding? the government knows ALL about you. you could get a postal box or a
Mail Boxes Inc type of mail box. you are missing out on checks and money orders. i would write a personal foundation check (Young Again Foundation) since this would be used for
investments. of course we don't have a credit card for the foundation. i've seen more and more companies make this mistake.... CREDIT CARD OR NOTHING! no one is asking you to publish your home address. GATA published both my letters for both your videos. we've been into silver for like over 25 years now patiently waiting and waiting and waiting. you need to rethink this "credit card or nothing" plan. my best to you, roger in wilmington
Not yet as I am predominantly a macro analyst, but I do invest in individual mining companies and I hope to write some pieces on that topic, but I don't go super granular in terms of geology, drilling results, etc. That's out of my wheelhouse.
After years of positioning, stacking, perhaps moments of doubting the general thesis, etc., we are at the event horizon and about to enter the singularity. The world we thought we knew will soon cease to exist.
Thanks for this most interesting and detailed piece describing where we are currently in the silver pricing cycle. Many bullish tailwinds (as well as a couple factors which may end up serving more as explosive turbo boosters than mere tailwinds, as you note) going forward from here.
Of course, as is always the case, nothing is certain as we contemplate what the future may hold…at least nothing certain with respect to silver’s future pricing, that is. And as much as I’d honestly prefer to pump and cheerlead this set-up, as my fellow silver longs in this comments section seem to be having a lot of fun doing no doubt, I was hoping to get your take on a question I have regarding potential risks to your investment thesis at this time.
So, apologies in advance to anyone who may interpret my following question as being a bit buzz-kill-esque, but I’m curious if there are any other warning signs that you will be looking for (other than price falling back below the $32.50 former resistance level, as you clearly noted in the article) which would either technically “invalidate” the breakout/your thesis as to what’s to come for silver pricing to the upside, or, less technically, are there any factors in the “macro” rit large that would cause you some your bullish conviction around what’s to come for silver’s pricing in the near-mid-term future. I.e. are there any other warning signs that you (or anyone else for that matter, should anyone else reading this wish to offer your thoughts!) would recommend a fellow silver ‘long’ be on the lookout for as we move forward from here, anything else to put on our radar as a hypothetical indicator that maybe the set-up isn’t going to be quite as favorable for future pricing as we all are hoping it will be at this time?
Thanks in advance for any responses anyone has to offer, and to the author, thanks again for offering your thoughts here. You have at least 1 new subscriber 👍
Superb commentary. Thank you
Thank you! More to come :)
Thanks again for your analysis and explanation regarding the massive amount of shorts and their upcoming dilemma. It makes me happy to watch market manipulation finally receive karma and if the big players in these shorts do suffer some big losses on silver, may perhaps be the start of the contagion that leads to my long awaited correction for the Fed manipulated SPX.
My pleasure! Yes, I love to see justice served.
Me too. Can you imagine the Bailey eating his cornflakes and reading that Russia is adding silver to the strategic reserves. He must've spat half of them out. Oof! Talk about karma 🤣
Eye opening analysis, J, thank you for explaining aspects ignored by the vast majority of analysts. Interesting times indeed. Look forward to your net piece!
Thanks, Paolo! I’m just getting started :)
Brilliant piece and the analysis is very well laid out. Silver surely is on a breakout mode.
Thank you kindly! More ahead.
It seems paper holders could be badly hurt in this scenario. Would you please explain how much concern you have about GLD and SLV type holdings as this shakes out? Are mining stocks the only way to play this for those who can't stack physical now? Great analysis and writing. Thanks!
The issue with GLD and SLV is that they can be included in the category of paper silver. They do not promise or guarantee to hold allocated silver and gold the way Sprott's PHYS and PSLV do.
Though GLD and SLV are probably not the first products that will fail, there is an element of counterparty risk that you don't face with bullion or miners. That may not matter so much in ordinary times, but in the coming global financial crash and reset it will.
And thank you! Much more to come.
Great report, although everything you have mentioned above is true NOTHING has been more impactful then the fact that this (and many other) market is SEVERELY controlled and manipulated. The only reason silver was/is undervalued and maintained at this level is because of that manipulation by TPTB. And the only reason it is going up is because they are being over run! Maybe this is a good reason; Russia proposes to put the Comex and LME out of the market-rigging business
Russia in Talks with BRICS Over Precious Metals Exchange
By Anastasia Lyrchikova, Darya Korsunskaya, and Gleb Bryanski
Reuters
Thursday, October 24, 2024
MOSCOW -- Russia is in talks with other BRICS members about creating an international precious metals exchange to ensure fair pricing and trade growth, the country's Finance Minister Anton Siluanov said in a statement today.
Leaders of BRICS countries, which account for 37% of the global economy, gathered in the Russian city of Kazan this week to discuss initiatives aimed at creating alternatives to the Western-dominated financial and trade infrastructure. "The mechanism will include the creation of price indicators for metals, standards for the production and trade of bullion, and instruments for accrediting market participants, clearing, and auditing within BRICS," Siluanov said.
The BRICS precious metals exchange would rival Western trading platforms, such as the London Metal Exchange, and would protect trade from sanctions imposed by the West on BRICS members Russia and Iran. ...
... For the remainder of the report:
https://www.reuters.com/markets/commodities/russia-talks-with-brics-over-precious-metals-exchange-2024-10-24/
Yes, I'm aware of the manipulation and hope to write a report about it soon. Thanks for your comment.
Everything you need to know is at GATA! Deutsche Bank has settled with us on the manipulating The FIX and Scotia Bank is settling with us for their traders spoofing the market. 4 more to go!!! GATA supporter David Caron of Kelowna, British Columbia, is one of two lead plaintiffs. Among the investors claimed to have suffered losses as a result of the market manipulation are investors in financial instruments managed by GATA's friends at Sprott Asset Management in Toronto.
http://www.gata.org/node/16046
Well written article with technical analysis on point. I'm in the same industry and am looking at lithium and uranium related companies
Thank you! I’m also curious about lithium and uranium.
jesse, please provide some kind of mailing address for checks and money orders. i will gladly send you a $160 check today if you will do that. your last two articles (today is october 22) really went viral in the world silver community. you were in GATA yesterday. you're on fire!
Oh, thank you! But I don't want to put my address on the web.
Would you consider paying for the subscription through Substack?
hi jesse,
why are you hiding? the government knows ALL about you. you could get a postal box or a
Mail Boxes Inc type of mail box. you are missing out on checks and money orders. i would write a personal foundation check (Young Again Foundation) since this would be used for
investments. of course we don't have a credit card for the foundation. i've seen more and more companies make this mistake.... CREDIT CARD OR NOTHING! no one is asking you to publish your home address. GATA published both my letters for both your videos. we've been into silver for like over 25 years now patiently waiting and waiting and waiting. you need to rethink this "credit card or nothing" plan. my best to you, roger in wilmington
Spot On.
:)
Thank you Jesse, much appreciated 👍, keep up the great analysis.
Thank you, Jason! :)
Do you offer individual company research and analysis in your premium service?
Not yet as I am predominantly a macro analyst, but I do invest in individual mining companies and I hope to write some pieces on that topic, but I don't go super granular in terms of geology, drilling results, etc. That's out of my wheelhouse.
3…2…1…🚀
Yes, it's very exciting!
After years of positioning, stacking, perhaps moments of doubting the general thesis, etc., we are at the event horizon and about to enter the singularity. The world we thought we knew will soon cease to exist.
Well said! We are heading into "interesting times," as the Chinese would say.
Any idea on how high these penny silver stocks could go? I'm locked & loaded: 6 stock symbols:(exn,Zac,lstr,mmg,hamr,rct)
Thanks for this most interesting and detailed piece describing where we are currently in the silver pricing cycle. Many bullish tailwinds (as well as a couple factors which may end up serving more as explosive turbo boosters than mere tailwinds, as you note) going forward from here.
Of course, as is always the case, nothing is certain as we contemplate what the future may hold…at least nothing certain with respect to silver’s future pricing, that is. And as much as I’d honestly prefer to pump and cheerlead this set-up, as my fellow silver longs in this comments section seem to be having a lot of fun doing no doubt, I was hoping to get your take on a question I have regarding potential risks to your investment thesis at this time.
So, apologies in advance to anyone who may interpret my following question as being a bit buzz-kill-esque, but I’m curious if there are any other warning signs that you will be looking for (other than price falling back below the $32.50 former resistance level, as you clearly noted in the article) which would either technically “invalidate” the breakout/your thesis as to what’s to come for silver pricing to the upside, or, less technically, are there any factors in the “macro” rit large that would cause you some your bullish conviction around what’s to come for silver’s pricing in the near-mid-term future. I.e. are there any other warning signs that you (or anyone else for that matter, should anyone else reading this wish to offer your thoughts!) would recommend a fellow silver ‘long’ be on the lookout for as we move forward from here, anything else to put on our radar as a hypothetical indicator that maybe the set-up isn’t going to be quite as favorable for future pricing as we all are hoping it will be at this time?
Thanks in advance for any responses anyone has to offer, and to the author, thanks again for offering your thoughts here. You have at least 1 new subscriber 👍