Aaannnddd They’re Off!! Silver Spikes on the Open…No One Is Surprised

Aaannnddd They’re Off!! Silver Spikes on the Open…No One Is Surprised by Rory for The Daily Coin

That’s a good start and all the major online dealers are sold out and APMEX is not accepting any new orders. SDBullion delayed taking new orders until the opening that just happened.

Here’s a static image of the beginning.., of the end.

Click image to enlarge

This is the first few minutes of a short trip. My guess is with silver being unobtainum the offers for the silver in your vault are about to come fast furious and at a price that may shock most people. I want to be on record.

As The Epoch Times reported

On Sunday, Bullion dealers wrote on their respective websites about shortages of physical coins.

APMEX wrote that “due to unprecedented demand on physical silver products, we are unable to accept any additional orders until markets open on [Jan. 31] evening.”

JM Bullion, another major bullion dealer, wrote that due to an increase in demand, there will be shipping delays of five to 10 days “from cleared payment.”

Next was SDBullion, which said on Jan. 31 that it couldn’t fulfill any additional orders until the market opened.

Silver will bring $200 or more per ounce by the end of February. By the end of March $500 or more. If the 7.5 million redditors hold up their end of this deal silver will easily reach $1,000 by the June 30 delivery date. The real question is – what new heights will gold reach as the reddit army moves back and forth – taking profits and buying contracts on both gold and silver – repeat, wash, rinse, repeat, wash, rinse – if they go through a few cycles gold and silver will be absolutely crushed.

Here are screen shots as of 530pm CST Sunday 1/31/21

Click any image to enlarge

There are no messages on APMEX that are obvious, or that I could find.

Hold strong and know where you are headed.

I pray the reddit army blows the silver and gold markets to shreds. It is nothing more than cash cow for JPMorgan, HSBC and a couple other mafia operations formerly known as banks.

With there actually being news to report about silver and gold we will be doing regular updates to keep you better informed.

 

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The Daily Coin

Rory Hall, The Daily Coin and Gospel News Network. Beginning in 1987 Rory has written over 1,400 articles and produced more than 500 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Gold Seek, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Dr. Warren Coates and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Gospel News Network to enjoy some of the best economic, precious metals, geopolitical and preparedness news from around the world.