potatohead

sure you didn't mean 5 day cycle point circus top?

There is real supply constraints developing for silver. The EFP premium is blowing out as well. Telling me, actual supply/demand may drive pricing.

I agree. A lot of dealers and so called experts should disclose how much they are being paid to pump and drive fear. One of the reasons why I created a business buying, selling, and storage and does not hire paid pumpers. I am in this asset class as a form of diversification from the risks of the system and not in it for a trade. Most investors who buy gold or silver in non physical or structured form, have no clue what they are actually investing in or if they can even get the metal when they need it.

I deal in the physical metals market, I am telling you the buyers are not mom and pop. Except for March -May. They have been getting out or not buying as much. The consistent buyers are larger investors over the last 2 1/2 years and they continue to buy today. That money flow can really move this metal. Just like palladium, the paper market will begin to have a diminished impact. Silver is tight if you are trying to buy in size. The Comex system is not a physical delivery mechanism. Being in the financial business since 1992, my sense is that this whole "allocated or pooled" metal system will fail the moment 10%-20% of the investors ask for delivery. I am talking most well known structured programs will fail. Just like Mike Green explained about Vanguard, there is no exit strategy for this industry if physical metal begins to be sought after.

saw this yesterday. Now you have the entire place setting......

great album. For those that do not know, Van Halen got the name 5150 which refers to the California law code for the temporary, involuntary psychiatric commitment of individuals who present a danger to themselves or others due to signs of mental illness. It has been more generally applied to people who are considered threateningly unstable or “crazy.”

time for a rally then.....

was just thinking. IF they drop more money around election time and the market goes even higher into next year before the ultimate top is reached. Would 5150 on the S&P be a cruel joke by "them" to mark the top of this madness?

I think the butter Bull is melting in that 90 degree Croatia weather.

New saying for Wall Street... I can't believe its not bullish!!!

been saying for the last 2 years the traditional retail crowd has not really been the buyers of gold and silver. Except for March April May of this year when the retail dealers fleeced the public, the Larger investors/buyers are the ones who have been consistently purchasing metals.

That looks like a duck head with a misplaced eyeball

great interview. https://www.podbean.com/media/share/pb-jr3bt-e23cce?utm_campaign=w_share_ep&utm_medium=dlink&utm_source=w_share

June jobs report: US economy adds better than expected 4.8 million payrolls, unemployment rate falls to 11.1% Jobless claims: Another 1.43 million Americans file for unemployment benefits

Appreciate your clarity and comments.