Jacked from r/Gold
Buying physical gold/silver
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Last: 1 day ago by techno-ag
Silver took a pretty steep drop since the squeeze failed and then it turns out that silver will not be subject to the tariffs.
https://www.xe.com/currencycharts/?from=XAG&to=USD&view=1M
https://www.xe.com/currencycharts/?from=XAG&to=USD&view=1M
Aggiemike96 said:
Are we going to see 100:1 GSR? Gold seems unstoppable!
Looks like we are nearing your 100:1 GSR, it was just silver that had to take a dive a bit more.
The 2022 CML of 50 critical minerals includes
aluminum, antimony, arsenic, barite, beryllium, bismuth, cerium, cesium, chromium, cobalt, dysprosium, erbium, europium, fluorspar, gadolinium, gallium, germanium, graphite, hafnium, holmium, indium, iridium, lanthanum, lithium, lutetium, magnesium, manganese, neodymium, nickel, niobium, palladium, platinum, praseodymium, rhodium, rubidium, ruthenium, samarium, scandium, tantalum, tellurium, terbium, thulium, tin, titanium, tungsten, vanadium, ytterbium, yttrium, zinc, and zirconium.49
The 2022 CML includes nickel and zinc and excludes helium, potash, rhenium, strontium, and uranium compared to the 2018 list.
Silver is not on that list... Why?
aluminum, antimony, arsenic, barite, beryllium, bismuth, cerium, cesium, chromium, cobalt, dysprosium, erbium, europium, fluorspar, gadolinium, gallium, germanium, graphite, hafnium, holmium, indium, iridium, lanthanum, lithium, lutetium, magnesium, manganese, neodymium, nickel, niobium, palladium, platinum, praseodymium, rhodium, rubidium, ruthenium, samarium, scandium, tantalum, tellurium, terbium, thulium, tin, titanium, tungsten, vanadium, ytterbium, yttrium, zinc, and zirconium.49
The 2022 CML includes nickel and zinc and excludes helium, potash, rhenium, strontium, and uranium compared to the 2018 list.
Silver is not on that list... Why?
For any lurkers that were unaware of the manipulation in the Silver Market:
The "paper silver" market, which refers to silver contracts and derivatives, is significantly larger than the physical silver market, with estimates suggesting a ratio of around 250 to 1 (250 ounces of paper silver for every 1 ounce of actual physical silver).
This is how the banks suppress the price, by trading artificial abundancy.
The "paper silver" market, which refers to silver contracts and derivatives, is significantly larger than the physical silver market, with estimates suggesting a ratio of around 250 to 1 (250 ounces of paper silver for every 1 ounce of actual physical silver).
This is how the banks suppress the price, by trading artificial abundancy.
Silver to Gold Ratio
102:1
That is freakin' bananas!
Silver down 10% from 2 days ago.
102:1
That is freakin' bananas!
Silver down 10% from 2 days ago.
Interesting segment in an interview with Scott Bessent, the body language in particular. He was a cool cucumber for the rest of the show.
He did seem a bit nervous discussing Gold. He said the right things about it (Its history and practical applications). He said that he's not Anti-Gold and that some would even consider him a "Gold Bug"
He mentioned moving Gold out of Switzerland/London and into New York. Is our government loading up on Au?
He mentioned moving Gold out of Switzerland/London and into New York. Is our government loading up on Au?
Remains to be seen if the Fed or Treasury has been taking possession, but the published data on COMEX vaults (Brinks, HSBC and JP Morgan) are at record high holdings after record shipments from London, Switzerland, Australia, etc.
Of the 44.46 million tons below, 27.5 million tons of it came in starting basically in December - the equivalent of ~12% of the total US gold reserve in the last +/-100 days. A big number, in a hurry, regardless of who it is.
Of the 44.46 million tons below, 27.5 million tons of it came in starting basically in December - the equivalent of ~12% of the total US gold reserve in the last +/-100 days. A big number, in a hurry, regardless of who it is.
Silver - below the gray box is where I turn bearish.
I'm just stabbing in the dark here...
Hedgies unloaded their paper gold and silver to get out a of a rapidly deteriorating market situation. Probably haven't seen the last of the selling either. This market still has a lot to unwind.
Hedgies unloaded their paper gold and silver to get out a of a rapidly deteriorating market situation. Probably haven't seen the last of the selling either. This market still has a lot to unwind.
TTUArmy said:
I'm just stabbing in the dark here...
Hedgies unloaded their paper gold and silver to get out a of a rapidly deteriorating market situation. Probably haven't seen the last of the selling either. This market still has a lot to unwind.
Yes, you don't get the last two days unless massive players are getting margin called and having to sell positions to meet it. Silver and gold paper have outperformed S&P for a while now and the paper positions are liquidity sources. This can go to an extreme level like COVID where the prices fell far below where they should have been. It can also end quickly and spike higher. The majority of investors and money managers still have virtually no exposure to metals. You usually see a massive spike in metals tgat tops out and then reverses hard in true recessionary bear market situations.
TexasMint.com
Aggie owned and based in Shiner, TX
Aggie owned and based in Shiner, TX
TAMU ‘98 Ole Miss ‘21
So now what? Trading your gold to buy stocks?
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Nowhere close to that point yet. We haven't reached capitulation yet and won't until after the Fed starts "panic" lowering rates.
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No way to really confirm this, but interesting take on the price movement late last week.
BREAKING: Gold has been reportedly been used to meet the largest margin calls since Covid 2020 from hedge funds this week, per Standard Chartered.
— unusual_whales (@unusual_whales) April 6, 2025
Not even close. Maybe in a few years.Yukon Cornelius said:
So now what? Trading your gold to buy stocks?
Silver futures - the last run up was very overlapping. I had it as a leading diagonal if the retrace could hold $30 or higher. It's now clear it was the bounce in a deeper correction. Silver has now dropped into the support box. I really need it to hold that box to get the 5th wave to new highs. While it can drop below the box, bottom, and still go to new highs, that would not be ideal, as this whole pattern off the 2022 low would morph into a diagonal which would terminate at a lower new high and then reverse likely back to $20 or lower. It would also be a treacherous trading environment where you really only want to commit to short term moves.
Technically, ultimate support is $22. But I wouldn't wait for that to try and hold and will sell out below the gray box. Can always buy back in.
Metals are being used as liquidity for the hedgies to fund their margin calls. It could end now, or it could get ugly. Best you can do is watch support and hope for the best.
Technically, ultimate support is $22. But I wouldn't wait for that to try and hold and will sell out below the gray box. Can always buy back in.
Metals are being used as liquidity for the hedgies to fund their margin calls. It could end now, or it could get ugly. Best you can do is watch support and hope for the best.
Why would be selling around 26 instead of buying? Thinking that support there is broken and we will touch 22?
I love silver, but I'm starting to think the gold/silver ratio could get above 110 and possibly a blow off to 120 before silver gets a chance to really run.
Mentioned it in the write-up. Right now, it's holding an impulsive 5-wave structure. The second it breaks below the top of Wave 1, it's no longer an impulse and a diagonal at best, bearish at worst. If diagonal, it could go as low as $22 and still be valid. I don't like to take chances on overlapping structures. They are 50/50 at best. So I would be out of my thousands of shares and waiting for whatever is next, only playing options on short-term setups.jagvocate said:
I love silver, but I'm starting to think the gold/silver ratio could get above 110 and possibly a blow off to 120 before silver gets a chance to really run.
It's the same methodology that got me out of SPY and NVDA well before they started tanking. Diagonals can work if you have a support and something moving up. Otherwise, since they move in the same way as corrective structures (3 waves), you are leaving yourself open to bears catching on fire and burning you. Everything about EW is being able to blueprint what's possible while giving you clear levels to know when wrong and its turning against you. Being able to pivot quickly when the setup breaks down is one of the best qualities of EW.
And please keep in mind, all of this involved my paper holdings. I won't touch my physical for years unless I see signs of a generational top and reversal.
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Silver up a buck.
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If the Ag spot price dips hard bullion dealers are going to jack up premiums more than we've seen before.
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Gold up $114/oz today.
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If the tariff war with China becomes a currency war, gold will be the winner.
Silver to Gold ratio
101.43:1 (4/10/2025 @ 16:09)
Silver won't be able to stay down if gold keeps moving like this.
101.43:1 (4/10/2025 @ 16:09)
Silver won't be able to stay down if gold keeps moving like this.
Why not?
I'm rooting for the blowoff top where silver jumps to $60 in a month while gold grinds slightly higher.
Historically, there has only been 1 or 2 times where the ratio has been as high as 100+:1 and not experienced a fairly precipitous drop in that ratio; the most recent being 2020. It only took a couple of months for it to get to 65:1. Using that ratio, and if gold stays around $3,200, then silver could see roughly $48 p/troy oz....maybe higher.Yukon Cornelius said:
Why not?
Is it possible what's driving gold is beyond previous run ups?
How you trading that?
I have had a ton of shares in SLV for nearly 2 years now. Largest position in my portfolio. I currently have positions in June $30 calls, September $28 and $30 calls, and Jan $28, $29, and $30 calls. All took a hit this week where I layered in second tranche. Willing to layer in one more time if we get SLV $26 and hold.Yukon Cornelius said:
How you trading that?
If SLV takes off, I'll be fine. I'm not trading for $60. I am trading for $40 though. If it blasts off, I'll wait for first sign of resistance once above 2x on calls and sell half of all. Likely ride the rest to Valhalla. Shares will be net free if we hit $40. Rest for Valhalla.
Nice. Thats just the shares etf right?
SOLD
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