Comment by
paydirtontario on Feb 01, 2021 10:38pm
311,000 contracts dumped @ 10:30am , representing 1.5 billion ounces of silver. these bullion banks do not want silver & gold prices to get away. once it does and it will then mining companies will go through the roof. happy capitalism
Comment by
Varingianest777 on Feb 02, 2021 7:31am
BASEL 3 requirements are supposed to come into play June 27 2021, which requires derivitive based precoius metal trades to be backed by 85% PHYSICAL. I have been reading about the implications for Gold alone. I didn't look if this applies to silver. The Banks dumped their paper positions, IN A MASSIVE WAY!!! Very good info PDO.
Comment by
Varingianest777 on Feb 02, 2021 7:34am
I wish I had that MAGIC MARKER ! Change the rules as you go. Momentum has started. The average bloke is now aware of their weak position.
Comment by
Whatamidoing1 on Feb 02, 2021 9:51am
check out dumb money on YouTube they explain silver pretty good just the other day. Alot of shorts are are used by miners locking in prices for future sales as well.
Comment by
CharlieWaffles on Feb 02, 2021 11:25am
Is this the one you were talking about? Our $2M Bet on Silver! - YouTube