“Hold On Loosely, But Don’t Let Go!”😇
“Silbertop, PEPE SELL all Silver, trade fer fiat!”🐸
“Slow your roll, my green friend! Let Silvertop explain what happened today!”
As the rain poured down on Silvertop outside splitting firewood this morning…………….😅
The markets were digesting the news that Trump picked Keven Warsh to be the next Fed Chairman.
I asked “AI” Ara/Grok …. “what is Keven Warsh’s stance on inflation and the economy!”🤔
“Silvertop, Keven has a more “Hawkish” stance on inflation, and after Trump’s announcement today, the dollar strengthened, and Silver, Gold, and Bitcoin dropped!🙄
Silver was down -26.26%😳
“Ara…… doesn’t the Silver markets/ Comex market, have “circuit breakers” like the stock markets?”
“No Silvertop, the Comex doesn’t have circuit breakers, today was a free fall, this was the steepest drop since the 80’s and the “Hunt” brothers!”
If you are not familiar with the story of the Hunt Brothers, Silvertop will explain……….
The Hunt brothers started buying physical, silver, tons of it!
Then they layered into Silver future‘s contracts on margin. They were on their way to cornering the silver market!💪
When the exchange raised margin requirements, they had to cough up cash or fold………..
Silver ended up spectacularly crashing!😳
“Silbertop…. If you don’t hold it… you don’t own it!”🐸
“That’s absolutely correct PEPE!”👍😊
“So the Silver you bought for your family PEPE, at less than $20 an ounce, is still in your stack, and still in “Profit” my green friend!”😇
No worries PEPE, today is Friday, and it’s a very good day!🤗
Let’s go buy some Bitcoin Sat’s on the cheep, and then go for a hike!☺️
Till tomorrow Silvertop Mike 😊
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