nowon brought this re silver
- Thread starter Scorpio
- Start date
- Joined
- Nov 25, 2013
- Messages
- 11,536
- Reaction score
- 21,027
Particularly interesting as the crimex is down to roughly 119.7m registered ounces...if their own numbers are to be believed. I don't personally believe anything they claim, yet I think it likely they're lying to inflate the numbers, not under-represent them.
119.7m(ounces) / 5000(oz per contract) = 23,940 contracts delivered to zero. ...and with only another week remaining in the April contract delivery month. I wonder how much the crimex crooks are sweating.
- Joined
- Apr 1, 2010
- Messages
- 7,024
- Reaction score
- 12,179
Why does it have to be purchased on May 1 to cause the squeeze?
I don't think it had to be exactly that day, but
- Stampede effect
- Timing coinciding with options settlement window and more physical demand = higher potential profit from converting 1000 oz Comex bar into bullion = squeeze
- Stampede effect
- Timing coinciding with options settlement window and more physical demand = higher potential profit from converting 1000 oz Comex bar into bullion = squeeze
- Joined
- Nov 25, 2013
- Messages
- 11,536
- Reaction score
- 21,027
I believe it was actually begun as a ten day period intended to coincide with the rolling of the crimex contracts. As MAY futures contracts have actually spiked up a bit heading into expiration of April contracts and the start of 1st notice for May delivery on Friday of this week, it's a significant event. It likely means that there's some institutional interest piggybacking this play.
In the chart nowon posted above(#441) it's plain to see that there was a spike in open interest in both the May and July contracts at some point last week. This is highly unusual and could indicate trouble as soon as this week for the price riggers at the crimex. Remaining OI was already high on the May contract before this most recent campaign to swamp the bullion market riggers began...and now with the late additions it should be causing the market rigging net short bullion banksters sleepless nights. While they can continue to print naked short contracts and dump them on the market to drag down spot paper silver, if at the end of the day, they can't come up with the physical to cover they could potentially lose billions if this trade goes against them.
It appears that they're now concerned enough to begin once again lashing out at the reddit crowd that's threatening their legitimized pirate tactics. They've again trotted out one of their professional liars to whine and cry about the situation, and though the guy doesn't seem to know who he's even attempting to insult(he says wallstreetbets at least once), the simple fact that he's crying about it publicly means he's worried. When they're not worried about losing control they do not mention silver...ever. This video is set to begin with a lead in to this particular swamp creature's crybaby session.
- Joined
- Nov 25, 2013
- Messages
- 11,536
- Reaction score
- 21,027
I continue to maintain that while everyone is looking at crimex silver...and for good reason, it's actually platinum that has already jailbroken. There's been massive deliveries this year...particularly on the April contract. There was that big spike down a few days in a row a few weeks back on zero news, then massive numbers of contracts standing for delivery...because that's how these crooks steal. They print up naked short contracts, dump them on the market lowering the "price", then take delivery of physical metal. Since then Platinum has outperformed gold and silver, as it was doing prior to that smackdown. The crimex ghouls seem to be slowly losing their grip on these key metals.
While 6541 platinum contracts(327,050 oz) standing for delivery YTD may not seem like a lot. You must understand that there's very very little platinum anywhere above ground available for delivery. Even compared to the physical silver market, which is small, the physical platinum market is truly microscopic. This metal could make a massive move in the next few years...just as did palladium several years back and rhodium in the past couple years. This is the metals story almost nobody is talking about now, but will cause people to shake their heads and wonder how they missed it several years from now. Not likely to outperform silver...due mostly to the law of small numbers on silver's side, but platinum will, IMO, easily outperform gold and palladium going forward.
On another note, I suspect the fed and treasury criminals are just now contacting their ECB and Japanese counterparts and convincing them to further devalue their own crappy fiat currencies to slow the drop in the US dollar index. The DXY was badly smashed last week, despite the fact that only platinum seemed to benefit...well platinum and nearly every other commodity not silver or gold. If so, we'll see a rebound in the DXY this upcoming week and a bunch of dummies will naturally sell gold and silver in the face of the "strong" dollar...which is a sick joke. If so, this is nothing other than another buying opportunity.
While 6541 platinum contracts(327,050 oz) standing for delivery YTD may not seem like a lot. You must understand that there's very very little platinum anywhere above ground available for delivery. Even compared to the physical silver market, which is small, the physical platinum market is truly microscopic. This metal could make a massive move in the next few years...just as did palladium several years back and rhodium in the past couple years. This is the metals story almost nobody is talking about now, but will cause people to shake their heads and wonder how they missed it several years from now. Not likely to outperform silver...due mostly to the law of small numbers on silver's side, but platinum will, IMO, easily outperform gold and palladium going forward.
On another note, I suspect the fed and treasury criminals are just now contacting their ECB and Japanese counterparts and convincing them to further devalue their own crappy fiat currencies to slow the drop in the US dollar index. The DXY was badly smashed last week, despite the fact that only platinum seemed to benefit...well platinum and nearly every other commodity not silver or gold. If so, we'll see a rebound in the DXY this upcoming week and a bunch of dummies will naturally sell gold and silver in the face of the "strong" dollar...which is a sick joke. If so, this is nothing other than another buying opportunity.
Last edited:
Considering that the ratio of Gold to Platinum was 0.2 to 1.0 for most of the past 100 years and now it is 1.6, I think it's a safe bet to say Platinum is poised to considerably outperform gold. Especially if we see high inflation in commodities due to scarcity and perhaps not a economy collapse.
True, but the same could have been said when gold-platinum ware 1-1.
Also true, If gold doesn't budge and the ratio heads back to 0.2 to 1.0 you are looking at $9,000 Pt.
- Joined
- Nov 3, 2014
- Messages
- 189
- Reaction score
- 445
And it is HEAVILY used in industry. That is why I am a buyer at these prices. Some Silver, some Gold, a little Platinum, Cold Hard Steel and Lead. The 5 precious metals!
Platinum is a pretty amazing metal. It catalyzes all kinds of reactions but doesnt react or corrode with almost any compounds.
Coins and bars are probably the first step. Sprott has a physical Pt and Pd ETF, SPPP? maybe. Not sure on the ticker.
- Joined
- Apr 4, 2010
- Messages
- 2,290
- Reaction score
- 3,245
I have a position in Sprott SPPP. Give it a look.
You could also go with GENMF, Generation Mining.. its been good
- Joined
- Nov 25, 2013
- Messages
- 11,536
- Reaction score
- 21,027
I've coins and bars...30% of my physical portfolio as a matter of fact. I even swapped generic silver rounds for 19 platinum bars earlier this month. Then there's a very well managed company called Sibanye-Stillwater...officially the 3rd largest platinum producer in the world after anglo and impala. SBSW is first in rhodium and iridium. It's also roughly 50% undervalued due to jurisdictional risk...its mines are in Africa.
As mentioned above Sprott's platinum palladium fund is also terrific. I'd be in it myself if there were option contracts available.
Generation mining is > 95% undervalued by my model. Thanks for the heads up.
As mentioned above Sprott's platinum palladium fund is also terrific. I'd be in it myself if there were option contracts available.
Generation mining is > 95% undervalued by my model. Thanks for the heads up.
Clean Air Metals (AIR.V, CLRMF) is another one. They're heavier into palladium, but they're extremely undervalued as well.
Their market cap is about 100 million...so your model comes up with a FMV of 2 Billion $?... wow, that would be a serious multi bagger
That is a tiny company. But, umm, 95% undervalued with $100 MC would be like $200 million not $2 Billion.
I took it to mean that the company was currently worth only 5% of the FMV...
Please clarify solarion
Curious as to what model he's using for the value, as well.
- Joined
- Nov 25, 2013
- Messages
- 11,536
- Reaction score
- 21,027
I prefer the DCM model of assessing fair value. That is discounted cash flow, which is a model that references future free cash flow(FCF) back to today's share price. In this case it's a pink sheet stock with a current price tag of roughly 73.5 cents. When dealing with penny stocks the numbers spit out can be pretty crazy. In this case fair value is assessed as just a shade under 23 bux...which sounds pretty crazy I know, but that's what you tend to get with micro caps that have good cash flow and impeccable balance sheets.
One could also arrive at a determination to buy based solely upon the near complete lack of share dilution(7.7% in the TTM), and the near frantic level of insider buying...even as the price is running up significantly.
Jamie Levy is the president. Kerry Knoll is the executive chair, and Eric Sprott is well...who doesn't know who Eric Sprott is?
Pretty comfortable stacking some here.
www.fairvalueacademy.org
One could also arrive at a determination to buy based solely upon the near complete lack of share dilution(7.7% in the TTM), and the near frantic level of insider buying...even as the price is running up significantly.
Jamie Levy is the president. Kerry Knoll is the executive chair, and Eric Sprott is well...who doesn't know who Eric Sprott is?
Pretty comfortable stacking some here.
Step by Step Guide on Discounted Cash Flow Valuation Model | Fair Value Academy
The discounted cash flow (DCF) model is probably the most versatile technique in the world of valuation. It can be used to value almost anything, from
www.fairvalueacademy.org
Great info, thanks for postingI prefer the DCM model of assessing fair value. That is discounted cash flow, which is a model that references future free cash flow(FCF) back to today's share price. In this case it's a pink sheet stock with a current price tag of roughly 73.5 cents. When dealing with penny stocks the numbers spit out can be pretty crazy. In this case fair value is assessed as just a shade under 23 bux...which sounds pretty crazy I know, but that's what you tend to get with micro caps that have good cash flow and impeccable balance sheets.
One could also arrive at a determination to buy based solely upon the near complete lack of share dilution(7.7% in the TTM), and the near frantic level of insider buying...even as the price is running up significantly.
View attachment 208722
Jamie Levy is the president. Kerry Knoll is the executive chair, and Eric Sprott is well...who doesn't know who Eric Sprott is?
Pretty comfortable stacking some here.
Step by Step Guide on Discounted Cash Flow Valuation Model | Fair Value Academy
The discounted cash flow (DCF) model is probably the most versatile technique in the world of valuation. It can be used to value almost anything, from
John Adams
@adamseconomics
·3h
BREAKING
COMEX continues to BLEED PHYSICAL SILVER according to the latest metal depository statistics! Since 2 February 2021, now more than 37.1 MILLION TROY OUNCES have left the COMEX depository warehouses! The #silversqeeze is WORKING! VICTORY IS WITHIN SIGHT!
@adamseconomics
·3h
BREAKING
COMEX continues to BLEED PHYSICAL SILVER according to the latest metal depository statistics! Since 2 February 2021, now more than 37.1 MILLION TROY OUNCES have left the COMEX depository warehouses! The #silversqeeze is WORKING! VICTORY IS WITHIN SIGHT!
- Joined
- Nov 25, 2013
- Messages
- 11,536
- Reaction score
- 21,027
1827 more gold contracts delivered today. All of 14 more silver contracts and zero platinum. In fact zero platinum since last Monday. Methinks they're out. No numbers on silver EFPs for today, but crimex registered inventory fell below 119m today.
Also very interested in remaining OI on the MAY contract. Information is trickling out of the crimex.
Also very interested in remaining OI on the MAY contract. Information is trickling out of the crimex.
Last edited:
Below is the company public profile
There's no period in the OTC stock ticker, GENMF
Disclosure... own the stock, almost a double bagger, so far so good
More liquidity at GENM.TO (Toronto) if your broker lets you buy on the home exchange in the home currency (Canuck Bucks) rather than US OTC.
One reason I like Interactive Brokers. You can buy like a local on about 25 different exchanges around the world.
.
.
One reason I like Interactive Brokers. You can buy like a local on about 25 different exchanges around the world.
.
.
Good suggestion, might just open an account with IB.
Does owning the stock in Canadian index also benefit from currency conversion Vs buying on the US OTC exchange?
Thinking if the USD does a nosedive maybe the Canadian flavor does better due to the future stronger currency...?
Does owning the stock in Canadian index also benefit from currency conversion Vs buying on the US OTC exchange?
Thinking if the USD does a nosedive maybe the Canadian flavor does better due to the future stronger currency...?
I like the IB trading platform, but it is so powerful there is a fairly steep learning curve to master it. I don't use most of the advanced features, just basic buy/sell orders.
If you're bullish on the Loonie vs. the FRN, yes it makes sense to buy it and hold it in Loonies. And you get higher liquidity and tighter spreads than US OTC. Sometimes there is an advantage as the Canadian exchanges have a different holiday schedule than US. You can buy/sell when the US exchanges are closed.
I'm old enough to remember when the Loonie traded at a premium to the FRN.
.
.
- Joined
- Nov 25, 2013
- Messages
- 11,536
- Reaction score
- 21,027
Yep. I've some exposure to CAD and AUD as a result of this. Perseus Mining is bueno mucho...and Aussie. I didn't do it for that reason mind you, but the liquidity on the ASX was much better than the US traded pink sheet, so foreign currency exposure is kind of a sidebar for me.