I've long thought that "market news" spread like the waves emanating from a pebble dropped in a pool, always understanding that I was some distance from the center, which meant that I was getting the "news" later than other people. This understanding kept me cautious about reacting to "news."
I try not to listen to X posters and half truths. A flip from -200 mmtoz to + 750 mm toz is a 950 million ounce single source net buy order! That is impossible. In my opinion most of the finacial stuff on social media is paid for by someone with an axe.
The trasnasaction at $80/toz = $80billion USD. Let's think it through...Even JPM doesn't have $80 billion lying around to spec in silver. Where would it come from. Would they issue bonds? Suck out of the private credit markets? That kind of activity would flood X with facts.... Raising 80 billion would mean paying a steep premium in credit markets which in banking telegraphs potential systemic issues even for a few basis point...shit would hit the fan. Might start a Lehman cascade. not gonna happen, imo.
A 5 billion loss is a bag of shells for JPM. Back in the post GFC days a trader named Bruno Iksil lost 6 billion on credit swaps... he was the original "whale"... it's not chump change but it's not big.
TOTAL global silver mine production in 2025 is approximately 830–835 million ounces. Buffett took over year trying to buy 130 mm toz and doubled the price. Personally I think the silver market is easily capable of meeting the claims of buyers at these higher prices. I just wonder if anyone is going to want pay $80 or $100 for it when the ounces show up... and the ounces will show up. Hope this helps!
ty for the post, james. Good to know... . I think is says as much about saftey on Crypto platforms. I have a few toys on Coinbase but I never "trade" there... The CME has command center for adjusting glitch prices if reported in a timely way. Same thing on NYSE & Nasdaq ...
“Why is Substack asking to verify my age?” (updated December 2025): confirms mandatory biometric selfie verification via Persona , escalation to government-issued ID if biometrics fail, restriction of chats, DMs, comments, notes, and other core features for users who do not verify, and retention of an estimated age following verification."
I've long thought that "market news" spread like the waves emanating from a pebble dropped in a pool, always understanding that I was some distance from the center, which meant that I was getting the "news" later than other people. This understanding kept me cautious about reacting to "news."
Always so great, by which I'm referring to the pasted links! :)
The rest...is better than great.
ty sir!
i apologize for fwding a Twit post i read on silver but this guy is thoughtful and jibes w/your post ... https://x.com/shanaka86/status/2005607704774180908?s=20
Hi Scott ... great question , sir...
I try not to listen to X posters and half truths. A flip from -200 mmtoz to + 750 mm toz is a 950 million ounce single source net buy order! That is impossible. In my opinion most of the finacial stuff on social media is paid for by someone with an axe.
The trasnasaction at $80/toz = $80billion USD. Let's think it through...Even JPM doesn't have $80 billion lying around to spec in silver. Where would it come from. Would they issue bonds? Suck out of the private credit markets? That kind of activity would flood X with facts.... Raising 80 billion would mean paying a steep premium in credit markets which in banking telegraphs potential systemic issues even for a few basis point...shit would hit the fan. Might start a Lehman cascade. not gonna happen, imo.
A 5 billion loss is a bag of shells for JPM. Back in the post GFC days a trader named Bruno Iksil lost 6 billion on credit swaps... he was the original "whale"... it's not chump change but it's not big.
TOTAL global silver mine production in 2025 is approximately 830–835 million ounces. Buffett took over year trying to buy 130 mm toz and doubled the price. Personally I think the silver market is easily capable of meeting the claims of buyers at these higher prices. I just wonder if anyone is going to want pay $80 or $100 for it when the ounces show up... and the ounces will show up. Hope this helps!
Thanks for linking. I was going to ask him the same question…
I really wonder why quality mining stocks are loosing in this environment
Why do you ask that?
I’m seeing quality miners way up on the year, and the past few years. Gold miners especially.
Refer to the jump in silver.
yes it does. the volume of Silver posts on X this wkend is prob up 10-fold. thank you
yw sir... I'm glad you asked.
"Bitcoin Dramatically Drops Below $25,000 In Biggest Christmas Day Flash Crash: Here’s The Full Breakdown"
https://zycrypto.com/bitcoin-dramatically-drops-below-25000-in-biggest-christmas-day-flash-crash-heres-the-full-breakdown/
ty for the post, james. Good to know... . I think is says as much about saftey on Crypto platforms. I have a few toys on Coinbase but I never "trade" there... The CME has command center for adjusting glitch prices if reported in a timely way. Same thing on NYSE & Nasdaq ...
I see that they are coming for Substack users now
https://elizabethhart.substack.com/p/will-substack-remain-a-platform-for
“Why is Substack asking to verify my age?” (updated December 2025): confirms mandatory biometric selfie verification via Persona , escalation to government-issued ID if biometrics fail, restriction of chats, DMs, comments, notes, and other core features for users who do not verify, and retention of an estimated age following verification."
https://support.substack.com/hc/en-us/articles/42995315367572-Why-is-Substack-asking-to-verify-my-age
Three ripples in the pond
Maybe we really do need
Good luck in Asia.