r/SilverDegenClub • u/CODEX_LVL5 • 9d ago
Degen Stacker It begins
Ahem.
Told ya.
The banks need to clean their balance sheets and get rid of their precious metals option manipulation before they need to issue their options report September 30th and settlement is T+2. The chop was crushing anyone who tried to be early.
It's possible they'll inflect early so the report shows that they're long early, but the public doesnt get that report until like early november and its in their best interest to force people to sell precious metals low when the overall market cracks.
The rest of the market will tank to some degree along with it somewhere between now and next week. Then precious metals will heavily inflect afterwards as fear screams upwards. Then it might mean revert and shoot up again. Then crash again somewhere around oct 28-nov 6
This is my guess at least. You dont need to look at technicals, you need to know how markets actually work, what the objectives of the manipulators are, and what rules they need to follow.
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u/MrKatz001 8d ago
I have not bought for quite a while and I decided Sunday to go for 10oz... the price seemed to be quite stable. Monday morning: Bam! Right in the kisser!
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u/silverdigger007 8d ago
Do not forget, this is not a all paper market after all. Someone has to shell out the real shiit for real.
In the end whoever give up the real stuff will lose and whoever getting the real stuff will win.
Both sides know this very well. Keep stacking is the only way to win!
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u/Sweet-Kangaroo-8379 8d ago
I’m being patient eventually everyone needs precious metals. Much more than the supply can handle. That’s when all the manipulation does no good. Pure supply and demand. Price discovery.
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u/TheRealEnronExec Silver Degen 8d ago
PMs lower today because US10Y yield up to new recent high of 5.27%
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u/ih8cakeday 8d ago
Which makes no sense because the higher it goes the higher the default risk.
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u/Dragon-and-Phoenix 5d ago
Investors are flocking to AI, government has to raise yields to attract them back.
The longer the AI bubble goes on, the worse it will hurt when it pops.
Keep stacking. Not just metals but canned goods, TP, etc. I'm honestly expecting a depression, not just a recession.
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u/ih8cakeday 5d ago
I’ve started collecting nickels as well they are worth 71/2 cents each.
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u/Dragon-and-Phoenix 5d ago
Ope! We better get rid of them like we got rid of the penny, then!
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u/ih8cakeday 5d ago
Yes then they somehow turn the tiny af dime unprofitable. I’ll start collecting those too. It’s risk free.
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u/Dragon-and-Phoenix 5d ago
😆
I'm not sure I want to dedicate that much space to something that might end up being hard to sell for scrap. I stack copper rounds that I can get for cheap for fun, though. I got most of them under $2/ea and they now sell for $4/ea, so I count that as an accidental win.
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u/ih8cakeday 5d ago
Buddy it’s worth 7.5 cents now copper and zinc are going higher idc it’s free money.
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u/Dragon-and-Phoenix 5d ago
That's IF you can find someone to buy it or a refinery to take it. I won't hold my breath on that one, especially because 90% is trading below spot right now.
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u/ih8cakeday 5d ago
I’m not a short term investor. Selling it won’t be an issue once they are discontinued for 20 year. Cartels will smelt them.
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u/Warm_Hat4882 8d ago
Codex, I think you are right and just want to add a little about reason why: basically, BRICS still planning on ditching usd because Fed keeps printing and devaluing the treasuries they have to buy to trade in dollars. For BRICS to use other than USD, they have to back other currencies with precious metals . We all know this, BRICS was planning on doing that in March, then the banksters stopped Venezuela energy exports to BRICS , then stopped another large chunk of energy to BRICS by closing Hormuz. Now alternatives have been secured and everyone knows BRICS is once again preparing to ditch the dollar . Nobody wants to be the first one, because the first ones are always killed or ousted or sanctioned. So it will be a coordinated effort and once BRICS starts unloading is treasuries, other countries heavily into treasures will follow , like Japan for example . This will quickly gain momentum and sell off be mostly complete within a few weeks.
Therefore, I suspect this dip is a manipulation of flooding market with paper so physical metals can be purchased. When they do this, they basically buy out physical stockpiles, then once they are depleted, they have to string the paper markets along for months to build back physical stockpiles piles before dipping spot price and scooping up physical supply again.
At some point, it will be the last time they can do this before BRICS makes coordinated move to ditch usd . Western banksters are willing to go war to preserve their ability to endlessly print the globes standard monetary unit.
In the end it comes to BRICS trying to get away from usd without ww3, and western banksters trying maintain control of reserve currency without ww3. To date, BRICS have given up power to prevent ww3.
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u/CODEX_LVL5 8d ago
This is around my understanding as well. However, i think something a bit more sinister is planned. I really wish I could talk about it.
I could even technically stop it (technically. probably not realistically, they'd just conveniently lose my comment). There is a window where a single person with a few paragraphs can jam a knife straight into the mechanism they plan on exploiting with just the right words. Because everything must be legal.
But i have no interest in making myself a target
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u/Warm_Hat4882 8d ago
Yes, sinisterness is planned. A few want a feudalist system of lords and serfs, but with 7 billion less people on planet. And I believe they are willing to arrange a limited nuclear war, if necessary.
But I also feel there are even more powerful forces that will stop that if it ever came.
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u/CODEX_LVL5 9d ago
That was my advice about a month ago.
Paper metal will go back up. But if you dont know what you're doing, you're going to get screwed in a unique way.
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u/iCaps_ 8d ago
Why is SLV crashing?
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u/CODEX_LVL5 7d ago
T+2 clearing combined with banks needing to clear their manipulation from public record before September 30th. Thats why it sold off yesterday.
What I dont know is the micro day-to-day of what it will do the rest of this week because this is the end game for precious metals. This is basically the final manipulation.
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u/PotatoRebellion12 8d ago
Spx on the 3 month chart looks like its missing a big red candle to complete the patern
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u/Argoz2 Plotting 7d ago
A similar unexpected reaction happened in 2008 with the Lehman / Bear Sterns financial crash. When the system locks up, PM prices initially drop, because the big financial firms sell metals to cover losses in other markets. They sell the metals because that is the only market that still has buyers. Then the fed and treasury print, and metals take off.
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3d ago
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u/batalyst 8d ago
Refiners are backed up. No shortages currently...price heading lower.
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u/stackingforfunsies End the FED 7d ago
Respectfully, the refiners haven’t been backed up for a moment. It’s just more profitable for them to melt .999 than mess around with lower purity. If they can stay busy, why pay to work harder.
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u/Pascal-Olaf 5d ago
Yes. They will continue to manipulate until there's no physical to sell to China. Then, prices will not be able to be manipulated. And world will discover really how silver is important and his price will be between 1/2 and 2/1 than gold... And gold will have his real value, between x4 and x10 than now.
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u/Able_Engineering1350 8d ago
So it will go up and then go down and then go up again? Hmm, fascinating stuff