A Mini Squeeze Has Sent Silver Prices Up 50 Cents This Morning.  
Billionaire PM Investor Eric Sprott Breaks Down The Action:

 

From SprottMoney:


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  1. Without listening to the podcast I just wanted to comment on the caption:

    “Silver Soars Through $18/oz As Trump Meets With Abe”

    Apparently Comex didn’t get the memo silver is trading at the time of this writing – which is 10:54 AM EST – $17.90 oz.

    • When silver goes from $18 to $25 in one day, it’s ok to use the term “soars”.  Up 20 cents in one day, let’s call that a small temporary increase, uh?  Do the terms posted here (like ‘soars’) have anything to do with attempting to motivate buyers? LOL

      (Remember:  This site is for entertainment purposes only.)

    • Soaring or SOREing? Hey it was a great day for silver, but keep it real, soaring is  printing 18,50 and settling at 18.25, not 3 cent fraction of a second blip, spending all day lingering at 17.93 range, we all know its going to drops .15 cents and do the sideways shuffle for a few days.

      Perhaps the wolrds largest silver mine announcing a %27 drop in silver production for 2016 was the kicker today?  https://srsroccoreport.com/production-plunged-at-the-worlds-largest-primary-silver-mine/

  2. So how much will my Kim Kardashian rookie card be worth this year?

    And…did you see the Super Bowl?  Holy Cow…I love the way Tom Brokaw led his team down the field and kicked the winning touchdown!  Awesome!

    Oh, and buy silver and gold before they’re all gone, they’re supposed to be worth like 100x more by the end of 2016.  I read it right here on this very site, so it must be TRUE!!!

  3. Trump needs lots of silver Ag to make America’s  infrastructure  ‘Great again’ ,paper silver is useless. Japan needs Ag for their auto’s

    Chinese Ag for TV’s ,phones ,Audio, Video ect

    Volkswagen’s new windshield defroster using Ag will be copied by all auto makers

    Mexico’s is the top Ag producing country is not liking Trump

    Ag @ $1000 oz  imo

    • @LetMySilverGo

      If you look at the CFTC dis-aggregated long report released yesterday, you will see that TOTAL OPEN INTEREST is 193K contracts of 5,000 ounces each.

      That means that the total of ALL shorts is 193K contracts times 5,000 ounces per contract, or approximately the 950 meg ounces number that you cite.

      That is the TOTAL.

      TPTB would only have a small fraction of that, and be included in the Producers and Swap dealers categories.

      There is a lot of hype/crap on the internet.

      That is especially true on sites trying to sell you PM, and “experts” on their payroll.

      Just because you read it does not make it true.

       

       

    • @farang

       

      “There is a lot of hype/crap on the internet.”

      That is a fact.  I consider reading the Internet in the same manner as I would panning for gold.  For every small bit of “color” (knowledge), there is a ton of useless sand, mud, and gravel (utter nonsense)… or more.  Panning the Internet requires that we all develop a good BS filter and make sure that it is firmly in place.  There is no need for any of us to suspend our intelligence and common sense when gathering info, regardless of the source.

    • @SilverDagger

      I use that site also, but have been getting less hyped about it.
      The arbitrage cannot really be extracted. You need to obtain physical and bring it to Shanghai. By the time is get put on the books, how much of the “arbitrage” will remain? Perhaps it can be done. I’d love to learn how.
      Anyway, since Shanghai closes before COMEX opens, on a US up day, there will always be an opening “arbitrage” gap.

  4. Instead of charging Mexico 1 barrel of oil for each illegal Mexican in US, charge Mexico 1 oz of Gold for each illegal Mexican, which =14,000,000 million ounces of Gold. That is a good trade. . . Stacking the stack 1 oz at a time..

    • That’s a terrible deal.  Each illegal costs us one hell of a lot more that $1235 each, over the course of their lifetime.  Now, if we were to FINE mexico 10 ounces of gold for every illegal that we catch and send back over, the deal begins to get more interesting to me.

    • What should be charged for phoney proxy wars, supporting genocide of Yemen, Gaza and East Ukraine, exporting trillions in unfunded debt, demonizing peaceful nations, stealing oil, farming drugs, waging cold war, etc, etc?
      A Mexican immigrant is doing  USA a fovor compared to what US politicians do to the rest of the world. Get off your cloud, you’re not innocent. Ask your president.

    • @CentralTexan @Davy Crockett

      I agree with you guys, sort of. How ’bout we take in only well-vetted immigrants from Mexico in exchange for either gold or silver outright, or maybe with an agreement that they work here for x-number of years before receiving citizenship, doing something that helps protect our Nations best interests. Like mining gold and silver for example, because I hear they’re great at digging tunnels. Or maybe building walls. That’s what I’d call a win-win situation.

  5. Jake Lingeman
    Autoweek
    February 10, 2017 06:01 CET

    Volkswagen Group has found a solution to foggy front windows that does not involve tiny wires implanted in the glass.

    Instead, the German automaker has developed a way to insert a wafer-thin, electrically conductive layer of invisible silver in the laminated glass. The layer can take a current of 400 to 500 watts, which allows the window to warm up quickly and defrost the glass, the automaker said in a statement.

    At the bottom section of the glass are filaments that heat the windshield wipers, preventing them from freezing to the glass. VW is offering the new windshield as an option on the Golf, Golf Sportsvan, Tiguan, Sharan, Passat and Passat variant models in Europe. No word on whether it will be offered in North America.

    In hot weather, the layer of silver acts as a passive heat shield, reflecting up to 60 percent of the heat, according to Volkswagen.

    Prices start at 340 euros, depending on the model

  6. We SOARED flying above $18.00!!!!       The view at 18.01 is breath taking..lol

     

    I’m selling my house, moving into a high top van with solar pannels (SPL) for

    electricity .. Got $71.00 a day to thrive on thanks to Uncle Sugar (Soc sec).

    Slowly tour the USA & as a BCA instructor, teach billiards for Free. And camp in Walmart parking lots.  ( Hey, who knows)

  7. Seeking ANGRY Gold and Silver Investors
    Global Gold/Silver Class action“Own Bullion” together with successful class action specialist lawyers Leon Kaye (London) encourage those (worldwide) who may have been affected by any potential wrongdoing to ask for further information via. http://www.goldclassaction.comhttp://www.silverclassaction.com Gold Anti-Trust Action Announcementhttp://www.gata.org/node/17160Leon Kaye Sitehttp://www.leonkaye.co.uk/class-actions/possible-manipulation-gold-silver-prices-1999-2014-proposed-class-action/Your opportunity to join the fight back!! In this regard, Own Bullion Ltd invites anyone whether an individual investor or investment group, WORLDWIDE who has invested in either gold/silver related instruments during the time period 1999-2014 to join the proposed GLOBAL class action and this includes without limitation; Gold/silver bullionGold/silver bullion coins, Gold/silver futures, Shares of gold/silver-focused ETFs, Units of gold/silver-focused mutual funds, Gold/silver certificates, Gold/silver leases, Over-the-counter gold/silver spot or forward transactions, Options on any of the foregoing (“Gold/silver Market Instruments”)   We already represent investors from 18 different countries and millions of dollars in investments. This is everyone’s opportunity to stop complaining and finally stand up and be counted. Every new joiner brings strength to our group and in turn benefits from the collective investment of what is already a very powerful group.

    • Is it even remotely possible that this ‘class action’ is nothing more than a great way for a group of attorneys to obtain an accurate list of individuals all over the world that are holding (substantial amounts) of physical silver and/or gold?

    • John I’ve made my point and hopefully have made you and some others aware of what’s going on in the background.

      Please don’t be so cynical in future……and if you are keep it to yourself.

    • @wattie 

      Have you heard of free speech?

       

      Have you heard of INFOWARS.com?

       

      Shutting down of free speech seems to be in full swing in America.

       

      You may wish to emigrate to America where you would likely be at home with the Demoncrats. _JLG. 

    • @wattie 
      Have you heard of free speech?
      Have you heard of INFOWARS.com?
      Shutting down of free speech seems to be in full swing in America.
      You may wish to emigrate to America where you would likely be at home with the Demoncrats. _JLG.”

      John, I’m not opposed to “free speech” but I am opposed to “fake news” and that was what you and your cohorts were peddling.
      You had every opportunity to investigate our post (including calling phone numbers etc) but instead  chose to jump on some wild conspiracy theory about a gathering of information (which is necessary for any court action) with an implied   suggestion that it would ultimately be used against those who responded. Total rubbish.
      I won’t be responding again to this thread, I’ve more important matters to attend to ie those who have put up.

    • @BravoWhisky51   @JOHNLGALT

      I too would like to compliment Bravo’s keen observational skills and powers of deduction to expose what is probably just a sneaky attempt at identifying as many owners as possible, under the guise of bringing long awaited justice to them big ol rich banker bastards.

      And by “group of attorneys” do you mean: our Politicians? Seeing as almost everyone in Washington is a lawyer these days, I think the two are pretty much interchangeable.

       

       

    • Wow, this is what frustrates about gold and silver investors.

      Many moan constantly about what’s happened and when someone legitimately tries to help it suddenly becomes a ‘conspiracy theory’.

      May I suggest it’s MORE than remotely possible that your paranoia has just reached epic levels.

    • You can lead a horse to water…….

      Thank goodness others have a more rational view and appreciate the opportunity for representation.

      Its a shame that the community can’t come together though for fear of repercussions- which are totally unfounded. Shows what the world has become.

      Sad.

    • Well, seems to be pretty obvious that “storeofwealth” is one of the attorneys trying to assembly the list.  A ‘normal’ individual would care less if someone didn’t want to buy into the charade.  Only an attorney would get on this site and belittle individuals for not following his suggestion.  jig is up!

    • Well done Sherlock (Bravo Whiskey), your powers of deduction are as good as your judgement of this being a scam.

      Actually I’m a Director (and precious metals investor) of the company (Own Bullion) who is trying to fight for some justice here which is why I feel passionately about this and don’t appreciate those who belittle and de-mean the cause we’re fighting for without a single shred of evidence other than their own paranoia and narrow mindedness.

      There’s only one normal individual involved in this conversation and if you look back over the thread I’m not the one belittling anyone. Others are belittling our cause so I’m entitled to stand up and defend it.

    • OWN BULLION  LTD ( news page ) https://www.ownbullion.com/precious-metals-price-manipulation-investors-fight-back/#

      It has been an interesting year for precious metals (Gold and Silver) investors, with heightened volatility and class action announcements in the US and Canada hitting the headlines. The legal action in both countries pertains to claims that certain banks abused their positions by controlling daily Silver and Gold fixes in London so as to reap profits at the expense of investors. This potentially relates to billions of dollars worth of transactions and covers the period from 1999 until August 2014.

      Bloomberg Media in a recent article summarised the extent to which potential manipulation occurred and named the banks that could be involved.

      Silver and gold futures traders sued groups of banks in 2014 alleging they rigged prices for the precious metals and their derivatives. Silver traders brought claims against Deutsche Bank, HSBC Holdings Plc, Bank of Nova Scotia and UBS AG. Gold traders additionally sued Barclays Plc and Societe Generale SA.

      The traders alleged the banks abused their positions of controlling daily silver and gold fixes to reap illegitimate profits from trading and hurting other investors in those markets who use the benchmark in billions of dollars of transactions, according to versions of the complaints filed in 2015. Of those banks, only Deutsche Bank has reached a settlement. (Bloomberg, 2016)

      It is very encouraging for investors that Deutsche Bank recently entered into a $38 million settlement in relation to the Silver market and has also announced a $60 million settlement in the Gold market. It is considered that there are grounds for pursuing claims in both in the Silver and Gold markets arising out of London price fixing and in particular grounds for a potential claim under section 2 of the Competition Act 1998 (England). Such activities would sustain a claim for damages by global investors who bring court proceedings in the UK.

       

      Your opportunity to join the fight back!! – Request More Information

    • “This potentially relates to billions of dollars worth of transactions and covers the period from 1999 until August 2014. “

       

      “The traders alleged the banks abused their positions of controlling daily silver and gold fixes to reap illegitimate profits from trading and hurting other investors in those markets who use the benchmark in billions of dollars of transactions,” 

       

      It is very encouraging for investors that Deutsche Bank recently entered into a $38 million settlement in relation to the Silver market and has also announced a $60 million settlement in the Gold market.” 

       

      Er, excuse me, was that a typing error? That last sentence stated that the settlement was millions not BILLIONS.  Just asking – no need to get shirty. _JOHNLGALT.

       

    • Thank you for posting our link.

      Sherlock overlooked the many clues provided in our original post, supported by Gata.

      “Global Gold/Silver Class action“Own Bullion” together with successful class action specialist lawyers Leon Kaye (London) encourage those (worldwide) who may have been affected by any potential wrongdoing to ask for further information via. http://www.goldclassaction.comhttp://www.silverclassaction.com Gold Anti-Trust Action Announcementhttp://www.gata.org/node/17160Leon Kaye Sitehttp://www.leonkaye.co.uk/class-actions/possible-manipulation-gold-silver-prices-1999-2014-proposed-class-action/

      Yes, Db settled for those figures stated which are publicly available. If you believe these to be a travesty, put up or shut up.

    • “Yes, Db settled for those figures stated which are publicly available. If you believe these to be a travesty, put up or shut up.” 

       

      You’ve got me there Sherlock. _JLG. 

       

      Seeking ANGRY Gold and Silver InvestorsGlobal Gold/Silver Class action “Own Bullion” together with successful class action specialist lawyers Leon Kaye (London) encourage those (worldwide) who may have been affected by any potential wrongdoing to ask for further information via. http://www.goldclassaction.comhttp://www.silverclassaction.com 

      Gold Anti-Trust Action Announcement http://www.gata.org/node/17160 Leon Kaye Site http://www.leonkaye.co.uk/class-actions/possible-manipulation-gold-silver-prices-1999-2014-proposed-class-action/

      Your opportunity to join the fight back!! 

      In this regard, Own Bullion Ltd invites anyone whether an individual investor or investment group, WORLDWIDE who has invested in either gold/silver related instruments during the time period 1999-2014 to join the proposed GLOBAL class action and this includes without limitation; 

       Gold/silver bullionGold/silver bullion coins, Gold/silver futures, Shares of gold/silver-focused ETFs, Units of gold/silver-focused mutual funds, Gold/silver certificates, Gold/silver leases, Over-the-counter gold/silver spot or forward transactions, Options on any of the foregoing (“Gold/silver Market Instruments”)   

       We already represent investors from 18 different countries and millions of dollars in investments. This is everyone’s opportunity to stop complaining and finally stand up and be counted. Every new joiner brings strength to our group and in turn benefits from the collective investment of what is already a very powerful group. 

       

    • @wattie  
      Have you heard of free speech?

      Have you heard of INFOWARS.com (ALEX JONES)? 

      Shutting down of free speech seems to be in full swing in America.

      You may wish to emigrate to America where you would likely be at home with the Demoncrats. _JLG.  

  8. That is why I pay cash for my precious metals, I may pay a little bit more for privacy, aka Joe who has no paper trail to be found. This Joe is your average cash sellor, stacker of the silver shiny. 

    signed the _ _ _ _ _ _ _ _ _ man…

    • @CentralTexan

      I also paid cash for privacy and to eliminate the paper trail. Last week, my wife needed to cash a couple of gold coins for her business needs. She went to the coin dealer and they asked her for her social insurance number. When she asked why, he stated he has to report the transaction to the government. Again she asked why? He stated that they will determine what her capital gain has been??? What, she asked? Yes he said, unless you have a receipt or can prove it was inherited, they will assume the entire sale is a gain. Can you imagine how criminal this is. Their bullshit fiat loses value so, any gain over the receipt value is theirs to tax. Good lord! Was that the slide on my 12 gauge I just heard? If I can buy it privately, I can sell with privately. This is in Canada.

       

  9. @zagzig

     “Their bullshit fiat loses value so, any gain over the receipt value is theirs to tax” 

     

    Yes ZZ, that is essentially how the whole PONZI game works. 

     

    The same goes with the value (?) of a house. A house is never more valuable than when it is built, yet with the depreciating paper PONZI you are suckered into believing it is worth more, even though the house is crumbling about you.

    Example, A house bought in Brisbane Australia in 1972 for $9,500 sells for $300,000. ?????? _JLG. 

    • @ JohnLGalt

      Here in Canada, if you lived in any house for at least 6 months, it is exempt from capital gains tax. In the $300,000 situation you describe, there would be no tax on the sale here if you lived in the house for a minimum of 6 months. On investment properties where you did not reside, a tax is applied. But, you are right, it is the same Ponzi. No argument from me.

  10. World control through international banking is the game.  Gold and silver will skyrocket when that game goes south which doesn’t  look probable now.  Trump is doing all he can to save the US economy not raise pm prices.

    To get what Dem Commies and their witless warriors really want, just ask yourself — what will make them happy? Us gone? Our stuff? Yeah, you got it. Now you know.

    “If you want peace, prepare for war.”

     

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