49.41
we already hit 50
51.15
>>61075131Aaaaand back down we go…Those Yotsuba coins are nice tho
>>61075191Nice. I hope it dips below 40. Got some buy orders set.
>>61075131Weren't the Yotsuba coins sold at $50 each?
>>61075135Spot went up to $56 briefly. Futures never hit $50. Backwardation is fucking nuts. The real story isn't the price though. The real story is London's metals market on the verge of collapse.
>>61075191I've got a few I'd part with
what happens when coin shops get cleaned out?
>>61075291They're already cleaned out in parts of the world. Australia, Japan, UK, Vietnam, and a few others I saw rumors of them with hours long lines and selling out of EVERYTHING.
Coin shops are not the price setting mechanism of the market though. London and NYC markets set the prices through 1000 oz bar contracts. London is supposedly close to empty, or already empty though which is where a lot of countries have been buying the silver from. The price action combined with London running dry is leading to a stampede on retail bullion.
If London's metal markets end up defaulting, they will lose control of the price setting mechanism and then it will be New York and Shanghai left standing. The US recalled a MASSIVE amount of gold and silver in the first half of the year, which leads me to think the US might also abandon trying to set the price and instead will hoard the gold and silver to itself and let Shanghai take control while America chooses the digital currency route. We are watching the death of the old world.
We did it!
>>61075805And were back
I have November SLV calls will I make it
>>61075913it depends
>>61076036Genuinely debating if I should dump at open. SLV calls are up about 40% premarket. But I know it will rocket up the second I hit sell and I have over a month but idk
Lol instant drop the second it goes over 50 JPM risk jannies doing overtime I see
>>61076293Its still at $50.95 spot
>>61076223Wait you're only making 100 bucks?
>>61075303Aussie hasnt sold out yet, it still has everything but 1kgs.
>>61075267china is buying every dip the american banks manufacture. i can't believe trump is allowing them to do this
