wild price action on silver last night
currently trading at ~$72
Discussion
Interesting...
All that borrowed money gotta be paid back.
Some few people knew something that a lot of other people didn’t….
Silver is a shitcoin
We are watching history in slow motion right now
Silver derivatives trade more notional onshore in Chinese RMB during Chinese day session than they do all day on CME.
Lols
gold down almost 5% today... last time this happened bitcoin crashed 25% in the following weeks...
just saying
That's what paper markets are all about. Bitcoin etf holders and leveraged traders should pay attention.
Also interesting action in BTC price overnight. Shit is breaking quicker than I think most are prepared for behind the scenes
It’s mostly sideways.
BiTcOiN iS tOo VoLaTiLe
Max Keiser got us into silver before bitcoin lol. Still holding those silver bags too 🪙
nostr:npub1qkrwuylamy28dq95y3t02qlxkf4l6586d0fl0pm4fj8n4n0tfxes94uyha _wth/____fFs/*****🙃
how did the price dump that fast? i’m still waiting for my silver coin to come in the mail
The mail??? You don’t have a bank near you?
(And by bank I mean the place that exchanges gold and silver for fiat not the shady ponzi schemes that create fiat out of promises to repay)
Mirrors pattern on Kitco which I believe tracks “physical” price. Learned a new TLA, CFD:
In finance, a contract for difference (CFD) is a financial agreement between two parties, commonly referred to as the "buyer" and the "seller." The contract stipulates that the buyer will pay the seller the difference between the current value of an asset and its value at the time the contract was initiated. If the asset's price increases from the opening to the closing of the contract, the seller compensates the buyer for the increase, which constitutes the buyer's profit. Conversely, if the asset's price decreases, the buyer compensates the seller, resulting in a profit for the seller.[1] Wikipedia
Sounds like insurance for market volatility, which adds admin expense and a vehicle for a “cut.”
Another vote for Bitcoin trading in real time, 24/7.
I own both but not for savings, for education. And just because I like it.
Finally, I had to catch my breathe. 30 day chart on precious metals looks insane. Letting some frothy out before the next move up.
I don't understand this loyalty to just one thing.
If you sold your bitcoin earlier in the year, bought silver, and then the other day sold your silver and bought back bitcoin then now you've got much MORE BITCOIN than if you'd just held.
Same as if you had 100 bitcoin ten years ago, sold them all and bought ETH, then today, ten years later, sold your ETH and bought back bitcoin, you'd have MORE (lots, lots more).
Trading is the way.
Ideologically-driven bear-hugging of any one instrument is just silly.
I hope you can time every top and bottom 😛.
Such a thing as foresight too.
Many a trader has used a little bit of it to do better than stubborn holders.
agree. Trading is the way. Dogma is Death.
Dang. Fiat games fo sho.
Banks can lever up to 40X on their physical gold holdings allowing them to eat all the leverage in the metals market any time it gets hot, so retail will always get wrecked in the short term.
There is, however, a clear repricing of commodities going on. Bitcoin will have its turn, too.
Really wish I hadn’t listened to last nostr:npub10uthwp4ddc9w5adfuv69m8la4enkwma07fymuetmt93htcww6wgs55xdlq and gone all in like I did. 🫣🪙😜
Is nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgpp4mhxue69uhkummn9ekx7mqprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5hgfg9w turning into a #Silverbug?
Sir this is Nostr
Simeone is clearly trying to dump all hard assets (gold, silver and btc). Might be desperation?
Thought experiment:
Swap #silver out for #Bitcoin and make it a dip from $84,000 to $72,000.
Business as usual ;)
——
A better question to ask:
Why has Bitcoin taken 1,507 days to go from $69,000 to $87,000?
Absolute trash! 🗑️
Focus on the Signal not on the Noise.