Longtime readers of WeLoveTrump know I like to talk about silver.
And I like to BUY and HOLD silver.
Or in crypto terms, I like to HODL.
You gotta love it.
But it’s actually very serious.
Gold and silver are “God’s money” and the only forms of money on the face of the Earth with real value.
Because God’s not making any more of it.
And because silver is useful in so many commercial applications, it has real demand.
They want to keep the price low, while they accumulate. For decades.
That may soon be coming to an end.
Just like the Reddit traders fought back against the massive hedge funds to send Gamestop soaring to ridiculous numbers in one of the most epic short squeezes of all time, that same group and many others have now set their sights on doing the same thing to silver.
I love it!
Take a look at this massive billboard that just went up:
— infin8 (@infin86) April 26, 2021
Damian Grasso had more details on the coming short squeeze on Medium:
Two months ago, the Wall St Silver subreddit surprised markets by trying to drain the COMEX of silver.
They might have fallen short, but not before lifting the silver price about 20% from January 29 to February 2, before it dropped down to previous levels. Many people (including myself) assumed it was over, believing the market was too big to create supply shortages.
Two months later, I visited the Wall St Silver subreddit to see what they were doing and found this:
Their next attempt is right around the corner.
Given it’s so close, here’s an explanation of how it might work and the 3 main tactics being used to cause the next squeeze.
How It Might Go Down
The way the silver squeeze would happen is largely based on low supply. Retail silver supply is largely determined by mining production and recycling. Since 2016, silver mining has consecutively decreased from 899.4 million ounces to 784.4 million in 2020, falling the sharpest in 2020 .
Although the demand for silver has been met by supply in those years, showing a light surplus of stock (see: Market Balance), a significant portion of the silver is held in exchange trade products such as ETFs and ETCs. With this included, there is a deficit of 250 million ounces in 2020, which is forecasted to be 126.7 million ounces in 2021 .
Before I explain how this impacts the COMEX, you need to understand how it works:
The COMEX is a marketplace for commodity futures and options such as gold, silver and crops. A future is a pre-order that allows buyers to buy at the current price instead of the price of delivery. They’re often used for price speculation as opposed to actually buying a commodity. Deliveries are stocked from storage vaults owned by members of the London Bullion Markets Association (LBMA).
Now you understand this, here’s why it matters:
CME Group recorded 31,898 tonnes of silver in their vaults as of February 5 . A precious metals analyst named Ronan Manly claims 14 ETFs and ETCs are currently using these vaults, which are also used by the COMEX. The combined amount of silver held by the LBMA London Vaults is 28,700 tonnes of silver, which was recorded on the same day . If correct, this means 89% of the vault’s storage is used by exchange traded products.
Twitter is on fire with the #SilverSqueeze:
— T-Low 💰⚒💰 (@buyphysical) January 31, 2021
It could quickly get out of control:
— Michael Maloney (@mike_maloney) April 30, 2021
Join thousands on May 1st in purchasing PHYSICAL SILVER!!
We will make history and clear out as much silver as we can until the scarcity of silver is undeniable. Buy and hold, LET'S GOOOOO!!! 🚀🚀🚀 #silversqueeze #silvermassacre
— Silver_R0cket #silversqueeze (@silverr0cket) April 25, 2021
— End_Share #maydaysilver (@end_share) April 25, 2021
Just a reminder to everyone taking part in the #silvermassacre: this is just the beginning. Do not lose heart if there isn't a dramatic result, this is a long-term game. I don't care if it takes months, years or decades, eventually justice will be served. #silver #silversqueeze
— Jesse Day (@jessedaykin) April 30, 2021
🚨 LIVE STREAM COMING 🚨#MayDaySilver Special, I am going live tomorrow, tune in for a 2-hour broadcast. I'll tweet the link when ready, or you can sub to get notified.
— Rob Kientz 🚨 🚀 May 1st #MayDaySilver (@goldsilver_pros) April 30, 2021
I am seeing so many silver purchases being posted!
— Chiquita (@Silverchiquita) April 30, 2021
Investing.com even covered the story:
The pressure is building in the silver market. The internet is awash with the latest attempt to squeeze physical silver to be carried out on May 1, 2021 – 10 years to the day since the monumental sell off/manipulation that occurred back at the highs of 2011.
The February effort of the silver short squeeze was an idea. What is being muted for the coming weekend feels like more of a programme. In February people were diving into the SLV which is fundamentally owned and run by JP Morgan who is the enemy of the short squeeze movement. Feb. 2 2021 has since become known as the greatest felony in the history of the silver markets – and there have been quite a lot to compare this to over the years. On the day the greatest inflow of buying took place, the price dropped astronomically. It was a clear and obvious fraud that was the smoking gun of decades of manipulation.
Since then, the internet movement has been buying up physical silver, realising that this is the best way to drain the system, and to create a short covering rally that should lead to a fair price, and put the well known eight big banks that have been shorting silver for years into trouble. This time around, rather than an uncoordinated attack on any futures silver trading instrument, this is an attack on the COMEX. The plan is to get 100,000 people to but 100 ounces of silver, and to all do it on the same day. A tall order indeed. However all it needs is one whale to swallow up a lot more and the move is in business.
The cute eyed among us all will have noticed the impeccable timing of some “officials” that have come out in the last week and proffered their knowledge that there is no such shortage at all in the Silver industry, and this planned event won’t make any difference. Well I wonder why they would be discouraging people to buy physical Silver?
According to reports at the start of February, London was a week away from being emptied of silver. It takes weeks for stocks to be transferred between London and New York exchanges. The COMEX is reporting the biggest outflows of gold and silver in recent years. People and organisations are standing for delivery at contract expiry and not rolling over. The big users in this industry from the mobile phone manufacturers, electric vehicle companies, battery producers to name but a few, must be getting worried that supply is dwindling and prices are going to go up. You would expect they would be panic bulk buying and storing. Perhaps these are the big outflows we are seeing standing for delivery from the COMEX.
The latest silver squeeze effort is far more co-ordinated and organised than the last. The following of this movement is also considerably greater than it was in February. Dealers will no doubt see this coming and raise the premiums even further, but if you consider the end goal price, paying a premium now will pale in significance in a few years’ time.
If you want to get some silver, a beautiful and easy way to it is through my friends over at DISME Coins.
Here’s the best part….their coins all feature and honor President Trump!
Isn’t that awesome?
The coins are all made by DISME Coins here in America at the Highland Mint.
I chose to work with DISME on this for very specific reasons:
Check out some of my favorites…The Best Is Yet To Come:
Another…The Donkey and RINO Hunter:
This one is a presale and so what you are seeing is the artistic rendering of it and not the actual coin itself yet because they are not yet minted.
I absolutely love this one and it’s quickly becoming one of my favorites.
By the way, every single new design from DISME will be limited to 4,500 coins period.
Once they’re gone, they’re gone.
We’ve actually had several of the last presale coins be sold out before the minting is even done.
I have 5 of these on order myself so I guess there is only guaranteed to be 4,495 left! 😂
And then this one: The Protector of the 2nd Amendment:
An absolute classic, and yes indeed our guns were 100% safe under President Trump!
Ok, now I want to tell you the best part….
For the first time ever, the winner of this giveaway will get TWO coins!
First, they will get a free 1 oz. MAGA Lion Coin that looks like this:
This is my personal favorite coin made by DISME.
I bought a lot of them for my personal safe and also to use as giveaways.
And here’s the really cool thing….
The only way you can get one now is by winning my giveaway because they are SOLD OUT.
Take a look:
I told ya, once they’re gone, they’re gone!
If the silver coins are a bit too pricey for your taste, you HAVE to check out the copper coins!
They are absolutely beautiful and also made of 99.9% investment grade pure copper!
Check out this beauty:
Oh, and one more thing…
All new DISME coins, including the three shown in the giveaway, all have 45 on the back.
Looks like this:
Aren’t they beautiful?
You know they’re real too because they are HEAVY!
They feel really nice sitting in your hand and they come in a nice protective hard plastic case.
Trust me, you’re gonna like these!
Check out this video I made unboxing my Silver Trump coins from DISME:
Watch here on Rumble:
And a backup here on YouTube: