Discover and read the best of Twitter Threads about #PSLVchallenge

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I'll do you one better. There WAS a catalyst. It's just already passed:


"When real yields go positive, the correlation between negative yields and gold will break."

Lo and behold. Since the 8th, the 10 year has gone more negative.

And #gold is up...
And just to put in in simple terms this time, cause people have been asking for clarification:

Bond yields aren't going up for technical reasons anymore.

They're going up cause of the solvency crisis having morphed into a crisis of faith.

No one WANTS bonds anymore!
So why hasn't the market crashed *today*?

Well, conversion rates and legacy rules. Pension funds can't just start selling their treasuries en-masse.

The Fed is still buying $90B a month, which isn't enough, but it's something which still affects the markets.
Read 25 tweets
Alright. I promised something shocking, and i'll deliver:

NEW #BUBBLE DETECTED!

I'm not sure how to call this one since it's part of the Options/Stockmarket bubble, but what isn't at this point.

So for this one, ima go with:

"The Counter-Party Risk Bubble"

I think it's big.
Rather then just tell you (since that usually doesn't work) lemme just talk you through my line of thinking:

It started when i replied to this post:


My comment was that a bloomberg terminal is expensive, but spending rent money on options is no problemo.
But that made me think...

Hang on. I've seen news posts before about how options volume has exploded, even exceeded normal share trading. People are ACTUALLY doing it, i'm not just being facetious here.

Now i don't use options myself, but i *have* looked into them.
Read 25 tweets
Yknow i gotta comment on this.

@MacleodFinance Help me out here. I'm reading more and more that "hyperinflation is defined as 50% a month" - but that's *new*.

Years ago when i looked it up i found "economists don't agree on where it starts, but the general line is 10% a month".
I can't remember *EVER* reading about ANY consensus for the decade i've been studying economy and looking up US financial history and general world economic history.

And i'm sorry, but 50% a month is 600% A YEAR!

I'm pretty sure the common man isn't gonna wait that long.
IMO this is just another warping of the economic language by the establishment.

Hyperinflation *cannot* be defined as having a set boundary, because it's largely *psychological* in nature.

LONG BEFORE you lose 50% of your purchasing power a month are you gonna exit the system!
Read 26 tweets
So there's some confusion between short volume and short interest. I pretty much made the same mistake the first time around, because believe it or not.... there's just a fuckton of data to track at this point.

So, short volume is NOT short interest, but, it does tell us things.
Very simply put, "what isn't there cannot be traded".

This goes for us, as we're literally buying silver to take it off the market. Whatever's part of "market volume" doesn't include *my* PSLV shares, because i'm not actively trading them.

So you're looking at buys and sells.
Read 19 tweets
#BOND WATCH!

🚨🚨MEGA ALERT!🚨🚨

#USA 30 YEAR REAL YIELD GONE POSITIVE!

@HustlerHindu reminded me i once said;
"The only thing i fear is US real rates going positive"

We're here.

#WallstreetSilver #Silversqueeze $PSLV #PSLVChallenge #fintwit @WallStreetSLVR @Galactic_Trader
The reason i said that is simple.

"Once real rates go positive, they won't be able to be stopped."

"When real rates go positive the negative rates/gold correlation will break, as it's not causation"

"Rather going up with yields going down, gold will go up with yields going up"
Read 4 tweets
#Silver #Comex #shadowcontracts #Update!

Nailed it.

Benefit of experience boys. If you were wondering why shadowcontracts continued in Silver; This is why.

They knew.
#silversqueeze #WSS #Wallstreetsilver #PSLV $PSLV #PSLVChallenge #Fintwit @WallStreetSLVR @Galactic_Trader
With 28k on the docket, probably reducing to -19,5k/-20k on the final report, they're about 10k away from their previous high, with today and tomorrow to go to roll over.

WHATEVER OPEN INTEREST IS LEFT ON THE 25TH, STANDS FOR DELIVERY!

Today, the 24th, is of the biggest import.
As i said, the biggest rollover day happens 2-3 days before the end. We just had it.

Under normal circumstances, i would imagine anywhere between 3 to 8k rollover today and then 2-3k tomorrow, putting final delivery around 15k - Quite substantial but probably not enough.
Read 6 tweets
#Silver #Gold #Platinum #Comex #Shadowcontracts UPDATE!

#Silversqueeze/#PSLVChallenge edition!

With interesting data on $PSLV and $SLV shorts. Data first, analysis below! πŸ‘‡

#WSS #Wallstreetsilver #PSLV #goldsqueeze #platinumsqueeze #Fintwit @WallStreetSLVR @Galactic_Trader ImageImageImageImage
First the one everyone wants to know: #Silver.

77 shadowcontracts, meaning +385,000 ounces found and put up for delivery *this month*, before the delivery wall hits in just a few days. Calendar says "last day of delivery 26th of February" - these ounces will be delivered by then
Preliminary rollover of -10,8k which'll go up to ~-11,5k in the final report. I've seen these numbers before and it was expected, the question is, is that gonna happen more?

To hit the previous record of ~16k, they need to shed another ~32k contracts in 4 days.
Read 21 tweets
Personal health update: Got results back. All clear on the Xray and bloodtests. Nothing.

Got a referral for the stomach, gut and liver specialist to look at my gut next.

But i wanted to tell a story about #Healthcare in the Netherlands #WSS #Wallstreetsilver @WallStreetSLVR
First of all: Pain is no reason for expediency. I'm not even gonna list the empirical evidence for that i'll be here all day.

But, what i wanted to talk about is the conversations i *just* had with my GP and my father.

Ysee, the doctor asked me what i wanted to look at next.
And i said my gut, because if there's nothing wrong with my blood/stomach, then maybe that's the reason why *i can't eat anything*.

I'm on a diet of eating nearly only french fries cause it's the most i can handle.

She said she was worried about that, saying i should vary it up
Read 14 tweets

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