No action at SLV ... which to the uninitiated would seem odd for a busy day in silver. However, SLV is the opposite of what you'd think. It exists for the Authorized Participants to make money from you off their metal. Why would they sell you tokens on their silver right now? But there are many fools who play their game. Future bag holders.
Here's the Comex vault action:
https://preview.redd.it/elskj0kb32z71.png?width=782&format=png&auto=webp&s=2b9344a9851b05eb3d27b0f5021d340ce947b0e1
Yesterday there were some questions about what I mean by "comex mid point". It's just the arithmetic average of the high and low price for the day. That's all. Since I don't know what time of day they bought metal (and the silver price at that moment), I compare my purchase price estimate to the average price for the day. I just use the mid point. So don't get your shorts in a knot. It's just an estimate. And think of my numbers as statistical.
PSLV's end of day cash is $14 million ... enough for 550,000 more oz.
And remember, you still have life, silver and the pursuit of happiness.
Warehouse details ...
- CNT Depository: 601,000 oz OUT OF THE VAULT
- HSBC Bank: 603,000 oz OUT OF THE VAULT
- JP Morgan: 591,000 oz OUT OF THE VAULT
Always yell OUT OF THE VAULT! Why? Because we are apes.
https://preview.redd.it/naf0hqtscgw71.png?width=984&format=png&auto=webp&s=f2c94e7d3021de3a498451cc6ed9068490721534
Check back later and I'll add SLV and PSLV's action from today.
Welcome to Archon City, in which reality and fantasy meld…
In the year 2132, the barrier between magic and reality was shattered due to an unknown circumstance. In Archon City, a small artificial island was forged about forty miles off the east coast of the North America/Canada region, a barrier was created, and inside a rift was created, thus combining the worlds of humans and fantasy beings. This barrier, however, denies both access and exit from the city.
Following a variety of conflict and war, Archon City is now left to its own devices in the year 2184. As generations have passed in the city, humans have begun to adapt and connect with both the arcane forces that were once foreign to them and the array of different races of which now inhabit the city. The city of Archon remains as quite an independent nation, with its own political powers and government.
However, more questions than answers remain. How long until the growing panic and hysteria of the outside world flood into the barriers? How long will peace remain within Archon city? And most puzzling of all, who is this mysterious character who created the barrier and brought these beasts and creatures into our reality?
Hello all! My name is Phil (I go by Shins through the internet) and I am a DM for this new campaign! First things first, despite the vastly different setting and story, this is a 5e game, and the system is EXACTLY the same as a normal 5e game based in the fantasy setting. Furthermore, I do require voice (no camera necessary) for this campaign and while I do welcome beginners for sure, I would say have some experience either role-playing or being generally good at playing characters just to make it easier to craft a detailed and exciting story. Okay, sorry for the wall of text but quick notes time!
- Metagaming is not allowed in the slightest. To the same face, I do allow physical dice (I mean come on nothing beats the satisfying feeling) but if I am under the impression of fudging rolls, you will be warned.
- Any sort of subclass/class/race is allowed if it is official DnD content, even if you do not own the sourcebook. With homebrew, I will allow it, but if it’s overpowered or too distant from the original form of the game, I will ban it.
- I do prefer longer backstories, as my favorite part of being a DM is incorporating players’ backstories to make them feel connected to the world. However, if the backstory is short and sweet that is fine as well.
- *Very rule of
and if you gather with friends and family members that can at least count to ten .... these three factoids may make your stacking hobby sound a little less crazy to them ......
https://preview.redd.it/qf62yj5vko181.jpg?width=1159&format=pjpg&auto=webp&s=57e4f656e7668046afe653c11b43b256b60bbc88
https://preview.redd.it/am5p8j5vko181.jpg?width=1033&format=pjpg&auto=webp&s=854f1c356e661a0eadbf34f842afe3915072a0f5
https://preview.redd.it/u3tukl5vko181.jpg?width=1232&format=pjpg&auto=webp&s=22e0b713adb996950abe0aa63f316a57ab5d104e
If the short selling by the banks becomes ineffective, then they will stop short selling which will pave the way for a big rally in Silver price in the near future.
That's really all I wanted to say. I finally landed my dream guitar, and I'll stay up Thursday to play along and listen to the new album that night. It's gonna be a special day and I'm just excited and wanted to share. Thanks everyone! I hope to see some tour dates announced as well.
I suggest you enhance your reading pleasure by listening to this mood music in the background. Crank it so your neighbor knows he's missing out on something:
https://www.youtube.com/watch?v=-tJYN-eG1zk
Now, on with the news ....
Brinks moved 2.9 million oz out of the warehouse and JP Morgan moved 1.2 million oz out. There was a net add of 0.5 million oz in registered as MTB moved that from eligible.
Since the start of the #Silver Squeeze, 21.7 million oz or 14.5% of registered has been out of registered and 20.4 million oz have been removed from the vault. Here's a summary in tabular form:
https://preview.redd.it/otv5v19rwnm61.png?width=643&format=png&auto=webp&s=f68bb9f653ef2e7a2008ac16dca01045048113ac
Graphically, the volumes through time are shown below. Registered and eligible are in red. The sum of the two is starting to nosedive. The daily deliveries are shown in blue, and the cumulative deliveries since July 1, 2020 are in gold. Nothing special about July 1. Just a place to start the meter.
Note the following:
- COMEX deliveries do not remove silver from the vault. Delivery means the warrant changes hands. So, newly delivered metal remains in the vault. I know this perplexes the newbies. The new owner may subsequently remove the bars, but that is an independent action, and an action we hope for.
- This downward trend we're observing now in registered metal is not typical and likely is a result of the #SilverSqueeze.
https://preview.redd.it/qvlm7ma1ynm61.png?width=902&format=png&auto=webp&s=6ba5ea18e29e6519f68d5a06fef5cf52c0688ba6
If you're new to this thread, keep reading, otherwise upvote for your fellow apes ...
And for the rest of you apes ... A couple of weeks back this reduction in inventory may have just been an aberration. However, it is now a trend. I’d surmise that it's not a headline story yet, but if the trend continues, it’ll become the big story. Why remove your silver from the COMEX vault? Probably because it is worth more elsewhere. That would be big news.
More to come! We'll be watching. If you think this is of value, upvote so your fellow apes can find this.
If you need some of the backstory, here’s some more background info:
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Recent Manfra, Tordella & Brooks (MTB) actions:
The MTB folks just recently took possession of the entire 32 mi
... keep reading on reddit ➡
