The SIL / Silver ratio is roughly at the covid 2020 lows and 2015 lows
Next great investment: Gold and Silver
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I said a few posts back the miners were going to obliterate earnings estimates. That isn't just silver but gold.. Making earnings estimates on $35 silver and $3200 gold make for nice distortions.
I'm with you on the GDXJ. I've owned it for a few years.
The price of silver in China has risen to $98, opening up a spread of now more than $10 to New York
The movie is Big Daddy.
The CME changed metal margins from fixed dollars to a % of contract value (notional). As prices rise, margins increase, requiring more capital for longs to hold/add positions, potentially limiting rallies. As prices fall, margins decrease, making it easier for shorts to maintain/expand positions with less cash. This setup favors shorts by dampening upside momentum.
Dec 26: Up $7.50. Margin hike. Dec 27: Down $6.75. No margin hike. Dec 30: Up $7.46. Margin hike. Dec 31: Down $7.32. No margin hike. Jan 12: Up $5.75. Margin hike.
Perhaps you've noticed a pattern?
And here you go, another CME margin hike...and clandestine, too. Instead of a fixed dollar amount, margin will now be computed as 9% of notional value. Effectively, this raises the dollar amount from $32,500 to over $38,000 or about a 15% hike.
90 silver has been reached up 3.66 %
Not with silver spot $12 higher in shanghi. China not allowed in Latin America (reason for Ven takeover by US), and JPM getting revenge by holding metal after getting screwed by China in the LME nickel price explosion.
Back in February, Tsangshan took an outsized short position on nickel with JP Morgan (and other banks), as well as a smaller position on the LME, totalling about $6 billion in notional value. Meanwhile, corporates like VW took long positions in nickel, relying on counterparties to pay out on these hedges.
When prices spiked after Russia’s invasion of Ukraine, Tsangshan was unable to pay margin calls, and nickel prices almost doubled. To protect its own brokers, and its clearing arm which serves as central counterparty for trades, the LME suspended trading and cancelled $4 billion of trades.
If Tsangshan had defaulted, JP Morgan might have faced a loss of $1 billion or more, but it managed to keep the loss to just $150 million. CEO Jamie Dimon added that the bank is now conducting a ‘post-mortem’ into the LME fiasco.
When prices spiked after Russia’s invasion of Ukraine, Tsangshan was unable to pay margin calls, and nickel prices almost doubled. To protect its own brokers, and its clearing arm which serves as central counterparty for trades, the LME suspended trading and cancelled $4 billion of trades.
If Tsangshan had defaulted, JP Morgan might have faced a loss of $1 billion or more, but it managed to keep the loss to just $150 million. CEO Jamie Dimon added that the bank is now conducting a ‘post-mortem’ into the LME fiasco.
BREAKING: Shanghai silver prices soar to a record $105/oz, now trading at a massive +$13/oz premium to spot silver prices in the US.
The physical silver shortage in China is intensifying.
The physical silver shortage in China is intensifying.
Isn't that the Dogs of the Dow angle? The worst performers in the Dow the previous year tend to overperform the following year.
I've got MRK at 97 averaged in from last yr. 2 divies collected as well.
it could be... the staples sector has jumped out of the gate +5.86%
tech is breaking even ...of course it is early.
- Silver retreated on signs investors took profits following a rally and as the US held off from imposing import tariffs on critical minerals.
- The white metal fell as much as 7.3% on Thursday after hitting an all-time peak of $93.7515 earlier, following a surge of more than a fifth over the previous four sessions.
- The medium-term narrative for silver remains “firmly constructive, underpinned by supply shortfalls, industrial consumption and spillover demand from gold,” said Christopher Wong, a strategist from Oversea-Chinese Banking Group.
It was what, a week ago it went to maybe 82 , then dropped to 72 and the panicans did their thing. This is likely the same.
The miners will more than catch up. Wait til they report earnings when the earnings projections were based on $30-35 spot silver. They will explode to the upside.
We see copper moving up strongly recently. Platinum & palladium have been on fire for awhile. Lithium next?
We see copper moving up strongly recently. Platinum & palladium have been on fire for awhile. Lithium next?
I day traded ups in the 90's last yr. Was small positions, decent scalp.
ALL is another day tripper with a buck divy. Might not be fully ripe yet at 195-196, but soon.
Absolutely. I think the insurers will benefit from A I big time. Less admin workers needed. Autonomous vehicles would mean a long term drop in auto accidents and claims.
