Oldsouljer said:

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Werewolf said:

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Something very wrong with the fiat dollar.

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Been wrong since the greatest lie Richard Nixon ever told.

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Yep, America has been under assault for some time now.

And right on cue, silver knocking on the $50 door…

https://silverprice.org/silver-price-chart.html

Post edit: interestingly, the dollar is strongly rallying at the same time. How can this be? The index against which the dollar is measured isn't versus gold or silver, it's versus other world currencies. This rally proves the oft-made point that among world currencies and despite de-dollarization efforts, the dollar is, at least for now, still the cleanest dirty shirt in the laundry basket.

Better get your last few purchases done before the end of the year, if not sooner.

Silver lease rates just hit 39.2% in London.

That’s not a typo.

Physical silver is vanishing, and the banks are scrambling to borrow what’s left. pic.twitter.com/zwC4bNhH8P

— Mr. Uppy (@MisterUppy) October 10, 2025

Silver has entered extreme backwardation, which means that the spot price is traded well above the futures price. This chart, which goes back to 1998, shows you how unusual this situation is. It basically means that people are willing to pay extra to get silver now, probably… pic.twitter.com/x9Sc2l9gin

— Oren Elbaz (@thesilverhermit) October 10, 2025

Werewolf said:

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Silver has entered extreme backwardation, which means that the spot price is traded well above the futures price. This chart, which goes back to 1998, shows you how unusual this situation is. It basically means that people are willing to pay extra to get silver now, probably… pic.twitter.com/x9Sc2l9gin

— Oren Elbaz (@thesilverhermit) October 10, 2025

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I was just examining the backwardation situation this weekend. Fascinating as all get out. Word is, paper silver shorts are getting crushed because options buyers are demanding delivery of physical, wiping out a lot of inventory in London. Also reportedly, the situation is dire enough that folks in London are chartering commercial flights to bring silver from New York to cover with. Says a lot given how expensive it is to do that.

Oldsouljer said:

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Werewolf said:

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Silver has entered extreme backwardation, which means that the spot price is traded well above the futures price. This chart, which goes back to 1998, shows you how unusual this situation is. It basically means that people are willing to pay extra to get silver now, probably… pic.twitter.com/x9Sc2l9gin

— Oren Elbaz (@thesilverhermit) October 10, 2025

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I was just examining the backwardation situation this weekend. Fascinating as all get out. Word is, paper silver shorts are getting crushed because options buyers are demanding delivery of physical, wiping out a lot of inventory in London. Also reportedly, the situation is dire enough that folks in London are chartering commercial flights to bring silver from New York to cover with. Says a lot given how expensive it is to do that.

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Yep,

This is a fair discussion as it relates to London and impacts here and globally ......with 50-60 cents per oz per day to hedge silver. Leasing cost of silver is all of a sudden out the roof. Tariffs come into play on the 19th too.....10%. Near term buying opportunities exist. I just spent all the extra funds I had week before last but if you got any liquid funds here's another opportunity .
https://share.vidyard.com/watch/bk9wRY7QNb4mGrXuVxdPES

Werewolf said:

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Oldsouljer said:

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Werewolf said:

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Silver has entered extreme backwardation, which means that the spot price is traded well above the futures price. This chart, which goes back to 1998, shows you how unusual this situation is. It basically means that people are willing to pay extra to get silver now, probably… pic.twitter.com/x9Sc2l9gin

— Oren Elbaz (@thesilverhermit) October 10, 2025

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I was just examining the backwardation situation this weekend. Fascinating as all get out. Word is, paper silver shorts are getting crushed because options buyers are demanding delivery of physical, wiping out a lot of inventory in London. Also reportedly, the situation is dire enough that folks in London are chartering commercial flights to bring silver from New York to cover with. Says a lot given how expensive it is to do that.

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Yep,

This is a fair discussion as it relates to London and impacts here and globally ......with 50-60 cents per oz per day to hedge silver. Leasing cost of silver is all of a sudden out the roof. Tariffs come into play on the 19th too.....10%. Near term buying opportunities exist. I just spent all the extra funds I had week before last but if you got any liquid funds here's another opportunity .
https://share.vidyard.com/watch/bk9wRY7QNb4mGrXuVxdPES

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I like numismatics (in gold, I buy modern stuff in silver), and the ones I've bought between 2018 to now have gained 2X-5X these past few years. Attended the Big Money show at the NC state fairgrounds this summer and only carrying about $1200 in cash, I had to be pretty selective. Finally settled on an MS-66 1903 quarter eagle, the guy was willing to sell me for a $400 discount to its true value (blew my mind because I think he thought he was selling me an MS-65 which would have been more fairly valued.) Needless to say, I couldn't refuse a deal like that. Not sure I've ever owned a more elegant piece of gold. One of the dealers in Raleigh has some nice Indianhead half eagles, that I need to move fast on if I want to acquire, I think mainstream demand is waking up.

Oldsouljer said:

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Werewolf said:

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Oldsouljer said:

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Werewolf said:

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Silver has entered extreme backwardation, which means that the spot price is traded well above the futures price. This chart, which goes back to 1998, shows you how unusual this situation is. It basically means that people are willing to pay extra to get silver now, probably… pic.twitter.com/x9Sc2l9gin

— Oren Elbaz (@thesilverhermit) October 10, 2025

---

I was just examining the backwardation situation this weekend. Fascinating as all get out. Word is, paper silver shorts are getting crushed because options buyers are demanding delivery of physical, wiping out a lot of inventory in London. Also reportedly, the situation is dire enough that folks in London are chartering commercial flights to bring silver from New York to cover with. Says a lot given how expensive it is to do that.

---

Yep,

This is a fair discussion as it relates to London and impacts here and globally ......with 50-60 cents per oz per day to hedge silver. Leasing cost of silver is all of a sudden out the roof. Tariffs come into play on the 19th too.....10%. Near term buying opportunities exist. I just spent all the extra funds I had week before last but if you got any liquid funds here's another opportunity .
https://share.vidyard.com/watch/bk9wRY7QNb4mGrXuVxdPES

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I like numismatics (in gold, I buy modern stuff in silver), and the ones I've bought between 2018 to now have gained 2X-5X these past few years. Attended the Big Money show at the NC state fairgrounds this summer and only carrying about $1200 in cash, I had to be pretty selective. Finally settled on an MS-66 1903 quarter eagle, the guy was willing to sell me for a $400 discount to its true value (blew my mind because I think he thought he was selling me an MS-65 which would have been more fairly valued.) Needless to say, I couldn't refuse a deal like that. Not sure I've ever owned a more elegant piece of gold. One of the dealers in Raleigh has some nice Indianhead half eagles, that I need to move fast on if I want to acquire, I think mainstream demand is waking up.

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Nice, you're talking above my pay grade with the rarity aspects.

I've bought what is now 6 figures in physical silver, and then I have moved a good chuck of 401K and IRA into strictly gold accounts. With both, it's not to be a forever holding rather it's a hold it til it's the right time to get out holding. It's 'weather the fiat dollar storm' for me, I've not tinkered in metals otherwise.

Werewolf said:

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Oldsouljer said:

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Werewolf said:

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Oldsouljer said:

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Werewolf said:

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Silver has entered extreme backwardation, which means that the spot price is traded well above the futures price. This chart, which goes back to 1998, shows you how unusual this situation is. It basically means that people are willing to pay extra to get silver now, probably… pic.twitter.com/x9Sc2l9gin

— Oren Elbaz (@thesilverhermit) October 10, 2025

---

I was just examining the backwardation situation this weekend. Fascinating as all get out. Word is, paper silver shorts are getting crushed because options buyers are demanding delivery of physical, wiping out a lot of inventory in London. Also reportedly, the situation is dire enough that folks in London are chartering commercial flights to bring silver from New York to cover with. Says a lot given how expensive it is to do that.

---

Yep,

This is a fair discussion as it relates to London and impacts here and globally ......with 50-60 cents per oz per day to hedge silver. Leasing cost of silver is all of a sudden out the roof. Tariffs come into play on the 19th too.....10%. Near term buying opportunities exist. I just spent all the extra funds I had week before last but if you got any liquid funds here's another opportunity .
https://share.vidyard.com/watch/bk9wRY7QNb4mGrXuVxdPES

---

I like numismatics (in gold, I buy modern stuff in silver), and the ones I've bought between 2018 to now have gained 2X-5X these past few years. Attended the Big Money show at the NC state fairgrounds this summer and only carrying about $1200 in cash, I had to be pretty selective. Finally settled on an MS-66 1903 quarter eagle, the guy was willing to sell me for a $400 discount to its true value (blew my mind because I think he thought he was selling me an MS-65 which would have been more fairly valued.) Needless to say, I couldn't refuse a deal like that. Not sure I've ever owned a more elegant piece of gold. One of the dealers in Raleigh has some nice Indianhead half eagles, that I need to move fast on if I want to acquire, I think mainstream demand is waking up.

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Nice, you're talking above my pay grade with the rarity aspects.

I've bought what is now 6 figures in physical silver, and then I have moved a good chuck of 401K and IRA into strictly gold accounts. With both, it's not to be a forever holding rather it's a hold it til it's the right time to get out holding. It's 'weather the fiat dollar storm' for me, I've not tinkered in metals otherwise.

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Sounds pretty much like my portfolio with a few exceptions. My silver stash is roughly the same as yours, fiat-wise.

"Fiat wise", yep it's called staying power :-) LOL

Sit tight on your gold and silver, about to take off! Fiat is about to go belly up. Red October starts today by the Julian Calendar, October 01st

Werewolf said:

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Sit tight on your gold and silver, about to take off! Fiat is about to go belly up. Red October starts today by the Julian Calendar, October 01st

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Gold assaulting $4200 this morning. Miners continue to soar, and amazingly, there's some real values out there. I bought Iamgold (IAG) when it's P/E was 5 and it's still a bargain at a P/E of 10.

A lot of chatter about astronomical increases in both, particularly silver.

Werewolf said:

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A lot of chatter about astronomical increases in both, particularly silver.

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Seems like all hell breaking lose in the silver markets.

https://www.gold-eagle.com/article/cryptocurrencies-stocks-and-dollar-crash-gold-and-silver-soar

yep, I've heard crazy #'s........

Werewolf said:

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yep, I've heard crazy #'s........

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What blows my mind is that you know it's serious if the Perth and Royal Canadian mints are both suspending production due to shortages. I also read that you may expect only 20% of the usual number of US Eagles minted this year, which is already sending the premiums sky-rocketing. Couple years ago, I badgered the spouse into letting me order a sealed tube of 2023 Britannias, the last year with QE II's visage on them. Figured they'd be a good investment, but not like this!

Central banks and global elites hedging has market implications......how the hell Teump lands this plane we will see.....I think we are close

Werewolf said:

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Central banks and global elites hedging has market implications......how the hell Teump lands this plane we will see.....I think we are close

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I have no idea what US policy is re: the PM complex, and I have to believe it hasn't escaped the administrations notice that foreign central banks, most notably China, have been massively purchasing gold (and perhaps now silver) for many years now, but it's not an area they discussing openly. I'm not sure why they're acting the fool with what I view as nonsense, for a strategic Bitcoin repository, etc.

Not doubt there's a lot of poker and a lot of possum being played all the way around and certainly keeping the populations in the dark. Casino Royale for the globe.

Oldsouljer said:

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Werewolf said:

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Sit tight on your gold and silver, about to take off! Fiat is about to go belly up. Red October starts today by the Julian Calendar, October 01st

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Gold assaulting $4200 this morning. Miners continue to soar, and amazingly, there's some real values out there. I bought Iamgold (IAG) when its P/E was 5 and it's still a bargain at a P/E of 10.

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As Gary Hahn might say, "check that". Now $4300.

🧵 SILVER MARKET CRISIS 2025 — “THE UNRAVELING”

1️⃣
London is out of silver.

Even Metals Focus (LBMA consultancy) admits:

“Short-term lease rates surged to 200%...

backwardation at record highs... shortage of unallocated metal in London.”

Unprecedented.…

— Honza Černý (@honzacern1) October 19, 2025

BIG NEWS 🚨 India’s largest precious metals refinery has officially RUN OUT of silver stock — for the FIRST TIME in history 😳

And Someone said Indian Economy is dead 😭

India has literally drained the world’s silver this festive season

Unprecedented demand from Indian buyers… pic.twitter.com/IFVbWzeuge

— Times Algebra (@TimesAlgebraIND) October 19, 2025

Where's my brother in arms, #Soulja? The City within the City is out of supply :-)

1️⃣ China is SOLD OUT.
In Yongxing, Hunan — the “Silver Capital” of China, producing ~¼ of the nation’s silver — most shops are completely out of investment silver.

Price per kilo jumped from 8,000 RMB → 13,000+ RMB.

That’s nearly +70% YTD. 🥈🇨🇳 pic.twitter.com/ezntvGmdMJ

— Honza Černý (@honzacern1) October 19, 2025

There are 173 million Troy Ounces of physical #Silver at the COMEX registered vault (Silver that’s issued a warrant ready for delivery).

Robert Gottlieb, the ex-executive of JP Morgan Bullion Bank said that in order for the LBMA to have any sort of normality, it needs to import… pic.twitter.com/R3BChuj6mF

— Eric Yeung 👍🚀🌕 (@KingKong9888) October 16, 2025

Werewolf said:

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The issue with silver options contracts is similar to what has happened with the Tricolor subprime lender…the same collateral promised to more than one, often many, parties.

https://www.zerohedge.com/markets/ive-never-seen-anything-one-bullion-dealer-sees-rupture-gold-and-silver-markets

For a seemingly savage reversal on Friday, the precious metals didn't even take out the twenty day moving average, let alone the 50 DMA. And they're roaring back today. Perhaps this is why and if so, here comes the boom….

https://www.zerohedge.com/news/2025-10-20/stocks-are-always-last-asset-get-it

Oldsouljer said:

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For a seemingly savage reversal on Friday, the precious metals didn't even take out the twenty day moving average, let alone the 50 DMA. And they're roaring back today. Perhaps this is why and if so, here comes the boom….

https://www.zerohedge.com/news/2025-10-20/stocks-are-always-last-asset-get-it

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I was listening to Mornings with Maria week before last, Ryan Payne - young guy, was dismissive of owning any precious metals whatsoever, but he was very bullish on the stock market. I thought to myself, not a dude I want handling my investments.

Werewolf said:

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Oldsouljer said:

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For a seemingly savage reversal on Friday, the precious metals didn't even take out the twenty day moving average, let alone the 50 DMA. And they're roaring back today. Perhaps this is why and if so, here comes the boom….

https://www.zerohedge.com/news/2025-10-20/stocks-are-always-last-asset-get-it

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I was listening to Mornings with Maria week before last, Ryan Payne - young guy, was dismissive of owning any precious metals whatsoever, but he was very bullish on the stock market. I thought to myself, not a dude I want handling my investments.

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Fox Biz is too Pollyanna-ish and I listen to them on XM Sirius but definitely with a big grain of salt.

Oldsouljer said:

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Werewolf said:

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Oldsouljer said:

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For a seemingly savage reversal on Friday, the precious metals didn't even take out the twenty day moving average, let alone the 50 DMA. And they're roaring back today. Perhaps this is why and if so, here comes the boom….

https://www.zerohedge.com/news/2025-10-20/stocks-are-always-last-asset-get-it

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I was listening to Mornings with Maria week before last, Ryan Payne - young guy, was dismissive of owning any precious metals whatsoever, but he was very bullish on the stock market. I thought to myself, not a dude I want handling my investments.

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Fox Biz is too Pollyanna-ish and I listen to them on XM Sirius but definitely with a big grain of salt.

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She continues to push Sliwa in NYC; I say F em'. Let em wallow in this stupidity. On top of that, Curtis agreed with the other two in a debate that we should not be deporting illegals. I'm good with a ROTTEN APPLE. Burn that finger........maybe they wise up.

The metals are getting knocked back hard this morning, worse than Friday. Silver is on the verge of being pushed back below $50. Doesn't change the long term uptrend, at least for now. But it does underscore one of two major dangers that threaten us….a swift reversal from inflation to a severe deflationary collapse. If the Everything bubble, including the metals, suddenly bursts, trillions of dollars of value could be sucked out of the system, which is contrary to the wish of the Fed and the government for two reasons….one, it'll be Armageddon for those already severely in debt, and two, deflation means collapsing employment. China's deflationary shockwave spreading out upon the globe is adding reinforcement to this scenario. Locally, and anecdotally, I noticed two different gas stations in the Wake Forest/Youngsville area yesterday, whose 87 unleaded price had plunged from Sunday night down to the $2.30-$2.40 range. If this scenario plays out soon and rapidly, I wouldn't want to be a Democrat with the government still shutdown. If the government were open at that time, it would be a lot easier to blame Trump for what is coming, but the blame will go the other way with the shutdown still in effect.

I suspect a new constitutional dollar will address whatever happens. Fiat will be washed out of the system and the value of this new constitutional dollar set........based upon gold and silver. To this end, as it relates to silver, for what has been the historical relationship in value between gold and silver......for this reason, from a speculative standpoint, I like silver.