Feb. 2 at 7:38 PM
$EXK All the shorts managed was to crash and liquidate a bunch of paper contracts, but the problem that caused silver to go over
$120 is still a problem - no matter what they do, they can’t print more gold and silver like they do with dollars. People are drawing parallels to silver hitting
$50 and crashing in 1979-1980, but there was no industrial demand like there is today. Solar, chips, EVs, nuclear control rods, missiles and more all require more silver than gets produced each year. They can short paper silver all they want, it will not solve this problem. It’s not 1979 anymore, and the conditions are not the same. What happened on Friday was not a reaction to the Warsh nomination, that was the cover for a deliberate cash grab in the paper market. If you own miners or physical gold or silver, Friday showed that they are willing to do anything to get their hands on what’s yours, until they own everything there is. Are you going to give them what they want?
