Financial topics

[FullMoon]

Looking pretty good for the silver rocket ship. It really should be at or somewhat above current price ~29$. Taking delivery of 1000oz bar would be cumbersome. And it wouldn't be easy to barter with. But it would be divisible with a saw or simply melting it. I have lots of weird scrap of Sterling that people made from melting who knows what. Weirdest is a big chunk of melted coins. But it's identifiable and divisible with some effort. When the power goes out and there's no internet, BTC will be a historical relic. But neither will feed, shelter or protect you when those things are needed most.

[FullMoon]

https://www.reddit.com/r/wallstreetbets ... est_short/

https://www.zerohedge.com/markets/reddi ... eze-silver

If Wall Street Bets can bankrupt JP Morgan in a silver squeeze, that would be bigger than the 14th Century collapse of the Bardi and Peruzzi, in my estimation.

This would be funny. It's the kind of thing that would amazingly, prove the conspiracy against precious metals by the big boys and governments. Not that we need more examples of proven conspiracies these days.

It's already been proven. Lots of the financial rigging "conspiracy" have. But people don't care. They don't even try to. Maybe that's a part of the turning, the corruption is foundational, proven in court, and people continue on as if it were natural and acceptable.

[John]

** 31-Jan-2021 World View: Silver squeeze

Silver futures up 8% on Reddit rally at 7 pm ET

#silversqueeze now trending on twitter

Bloomberg: Reddit may be able to cause a short term pop, but it won't
last long, since so many people have gone long on silver.

Silver up 6.2% at 7:22 pm et

Silver up 5.54% at 8:22 pm et.

Some silver coin sites have halted trades. So far, #silversqueeze
seems to be fizzling.

[Higgenbotham]

I don't appeal to credentials, I only mentioned Saylor as MIT because John was.

I have as high of credentials as anyone, but I don't need to post them.

I just wondered whether your gambling style there would match your investment gambling style.

The chance that any random individual was accepted to Caltech, Stanford, and Princeton for graduate school and has the evidence to back it up after nearly 40 years is really, really small.

Do you really believe that I was telling the truth and have the evidence to back it?

It doesn't matter to me, as I have as high of credentials as anyone, so it makes no difference to me.

About 10 years ago I started doing some running. I ran some 200s and 400s, timed them, then wondered where I stood and what I might shoot for to consider myself to be in reasonable shape for my age.

I looked in various running forums to try to get some facts and, wow, the times were fast. I was really far behind! But then I'd go to local tracks and nobody was running anywhere near these times, not even people who were a lot younger than me. It was really confusing. Where were all the people on the Internet who ran these wonderful times? It took awhile, but I found out they mostly didn't exist.

The same thing goes with anything else on the Internet. Obviously, some people in Internet forums went to top 10 schools. Some graduated cum laude, magna cum laude, or even summa cum laude from those schools. Some got high SAT, GRE, or what have you scores.

But the number who make these types of claims in forums are far, far, far in excess of those who have actually accomplished whatever they claim. The same goes for trading.

I don't believe any such wonderful claim that any anonymous person makes in an Internet forum. Along the same lines, I don't believe any of the wonderful claims being made about bitcoin on the Internet. A few of them I can verify as being false or specious because I know better.

Finally, nobody should believe my claim or your claim above unless the evidence is posted.

[Higgenbotham]

Silver seems to be doing OK so far tonight.

[John]

** 31-Jan-2021 World View: Silver squeeze update

Silver futures up 8% on Reddit rally at 7 pm ET

#silversqueeze now trending on twitter

Bloomberg: Reddit may be able to cause a short term pop, but it won't
last long, since so many people have gone long on silver.

Silver up 6.2% at 7:22 pm et

Silver up 5.54% at 8:22 pm et.

Some silver coin sites have halted trades. So far, #silversqueeze
seems to be fizzling.

Physical silver almost all gone -- price of physical silver
up 30%. -- Tyler Wall, SD Buullion President and CEO 9 pm et

Sold 10x normal weekend volume. Had to shut down web site.
Sites are overwhelmed with demand for physical silver,
but not much available to buy.

Waiting to see what happens when US markets open on Monday morning.
-- Tyler Wall, SD Buullion President and CEO 9 pm et

[Higgenbotham]

The Reddit guys might be smarter than they're getting credit for being. One thing I noticed about Gamestop was the overnight news one early morning last week indicated that Gamestop was 17% of the trading volume in India and the price rose substantially overnight due to this. The Indians love gold and silver and I believe the largest purchaser of silver in the world is India. I'm sure the Indians will be more than happy to participate in this potential squeeze if it gets going. Most markets in Asia are now open and India will open at roughly 10:30 pm EST. Not sure the exact time for metals but it would be in that vicinity.

[richard5za]

The Reddit guys might be smarter than they're getting credit for being. One thing I noticed about Gamestop was the overnight news one early morning last week indicated that Gamestop was 17% of the trading volume in India and the price rose substantially overnight due to this. The Indians love gold and silver and I believe the largest purchaser of silver in the world is India. I'm sure the Indians will be more than happy to participate in this potential squeeze if it gets going. Most markets in Asia are now open and India will open at roughly 10:30 pm EST. Not sure the exact time for metals but it would be in that vicinity.

Or the other way round is possible, the Indians are out and Reddit remains in. There are two religions in India, cricket and gambling, and they are best in the world at both!

[John]

** 01-Feb-2021 World View: Cricket and gambling

> Or the other way round is possible, the Indians are out and Reddit
> remains in. There are two religions in India, cricket and
> gambling, and they are best in the world at both!

This is an interesting insight. How does this work? The Brahmans
play cricket and the Dalits gamble? Vice-versa? How do these
religions work?

[richard5za]

** 01-Feb-2021 World View: Cricket and gambling

> Or the other way round is possible, the Indians are out and Reddit
> remains in. There are two religions in India, cricket and
> gambling, and they are best in the world at both!

This is an interesting insight. How does this work? The Brahmans
play cricket and the Dalits gamble? Vice-versa? How do these
religions work?

Its of course a slightly complicated answer and I hope not to offend anyone.
But as a starting point none of us can look inside ourselves and see what it is that we believe, but we can look at our attitudes which are a reflection of our beliefs, and look at our behaviour which are a reflection of our attitudes. And then if we are really honest with ourselves we can begin to see what it is that we believe. Its easier looking at others and in Western culture we are only too familiar with the self righteous religious fellow who prays upon his knees for an hour a week and then preys upon his neighbour the rest of the time. He actually believes in his own selfish interests first and foremost rather than the religion he claims to follow.
On Eastern religion I have seen the absolute delight on the faces of the people at festivals such as Diwali, especially in more rural India, so I don't want to dimish their religious practice and spirituality, but the activity that's really important is cricket. Its more important than soccer is in England which is the religion there. India now "owns" world cricket and calls the shots. No question that India's success in cricket helps them feel good about themselves. Its a national thing. Its of course easy to become fascinated with cricket and only cricket could have a match that lasts for 5 days and keep the interest of the players and spectators for all that time. Gambling is the other religion; it is part of life throughout the subcontinent; and Indians are very good at gambling.
If there's a gamble going on and India is involved to any extent they will probably have thought through the forward moves, almost like chess. They are likely winners in a GameStop gamble. Someone else will be left holding the losses!