FriedrichVonHayek

Shanghai
23 Apr 2024 
PM USD 29.86
The Chinese are maintaining the $3 premium, at some point the West is going to run very low on Silver.
They seem to be ridding themselves of US Treasuries and buying up commodities instead.

As a killer, tyrant and all round cXXXXt once said:
“It is necessary sometimes to take one step backward to take two steps forward.”  (Lenin, of Marxist-Leninist fame)
Gold IMHO is doing what it should be doing. We have a wide range to exploit/consolidate between $2200-2375. The longer we stay in this range without breaking above of below, the more likely we are to get another sustainable move up of similar magnitude to the past few weeks
Check my comments going back 12 months (if you are bored and have infinite time on your hands). The key point for me is $2300. It's nice for us to have the £1900 level psychologically and we're pretty much there (£1898.21). In Yankee Disney tokens we're at $2341 which is great. Everything is going according to plan

These are long gone but spot is £1350 so your a million miles away 👍🏻
Sold mate 

The Shanghai fix has been updated and the arbitrage is down to $3.

That's a big amount in % terms... PMs will continue to flow Eastwards

There's a $4 arbitrage between Silver in Shanghai and Silver in Western markets.

There's a $4 arbitrage between Silver in Shanghai and Silver in Western markets.

Looking at a long term chart it's highly unusual for the ratio to be so high.

ssstwitter.com_1713685724151.mp4    

Looking at a long term chart it's highly unusual for the ratio to be so high.

Nothing's guaranteed but there's a decent possibility of it happening.

Similar might be applied to stocks, Dow/Gold ratio. In 1980 a ounce of gold near bought a single Dow stock index share, by the end of 1999 a Dow stock index share bought 40 ounces of gold. https://www.macrotrends.net/1378/dow-to-gold-ratio-100-year-historical-chart

Looking at a long term chart it's highly unusual for the ratio to be so high.

Get a higher paid job maybe ?

You will have to start buying si**er.
I have already reported myself to Chris so you guys don't have to ...

Sold.

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