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John Wurts

Joined: 24/08/15

Comments by John Wurts
Silver May 28, 2021 3:41AM ET
Time to put the phone on airplane mode and go to sleep.
Silver May 28, 2021 3:20AM ET
Short sellers are in for some big surprises when the short squeeze becomes obvious.
Silver May 28, 2021 3:01AM ET
If it can get that far down, I'll add to my longs.
Silver May 28, 2021 12:11AM ET
I never block anybody and welcome information from everyone. I have traded silver in the futures markets since silver was priced at 2.25 and have been through more than one short squeeze (and we are in another one now.) I vividly remember them. The Hunt brothers drove silver from 2 up to 55 in the 1979-1980 squeeze. Now Sprott is taking delivery on contract after contract and has as already transferred 50 million ounces from Comex.
Silver May 28, 2021 12:01AM ET
This may meander higher until it breaks above 31. After that I expect it to shoot up to 40 very quickly before pausing. We are in a short squeeze that will force prices to unimagined levels.
Silver May 27, 2021 8:03PM ET
Do what PSLV does. Buy Comex silver contracts and take delivery.
Silver May 27, 2021 5:01PM ET
Breakout to the the upside is both inevitable and imminent.
Silver May 27, 2021 4:50PM ET
The monthly silver chart continues to show a massive flag formation with a nearly flat top and an ascending bottom. This kind of formation almost always moves out of the flag with a surge out the top. Once this happens it will quickly advance higher.
Silver May 27, 2021 4:17PM ET
Exactly right. Sprott took 50 million ounces out of Comex and they have not been replaced. Sprott is putting on the squeeze. Exactly right. Sprott took 50 million ounces out of Comex and they have not been replaced. Sprott is putting on the squeeze.
Silver May 27, 2021 4:12PM ET
Sprott has grown their silver hoard by 50 million ounces while Comex has had 50 million ounces drained out of it. Comex will soon have a short squeeze problem. Sprott is putting on the short squeeze.
Silver May 27, 2021 3:52PM ET
If you have a smart TV give a voice command "silver short squeeze" and watch the videos. We are in a short squeeze which has been draining silver out of the Comex. Soon the price will show a parabolic explosion. Either be a part of it or be destroyed by it.
Silver May 27, 2021 3:33PM ET
If it went below 27.50. I would add to my longs.
Silver May 27, 2021 3:20PM ET
The trend is indeed your friend and the trend is INFLATION
Silver May 27, 2021 3:16PM ET
So just buy and hold. If it goes down buy more. Stay long and just keep adding. Try to stay triple margined. So just buy and hold. If it goes down buy more. Stay long and just keep adding. Try to stay triple margined.
Silver May 27, 2021 3:09PM ET
John you are right. Moving averages can be a very useful timing tool, especially for adding to positions while pyramiding. Just stay triple margined and beware of danger signs. I turned 50 k into 2.4 million a dozen years ago in the last silver squeeze. Rode it up to 49 then noticed silver could not go up on a day of extreme dollar weakness, so I reversed and went short 20 contracts on a Friday. In Sunday trading it dropped 9 dollars in minutes. Made it both ways.
Silver May 27, 2021 2:49PM ET
Resistance is futile . You will be assimilated.
Silver May 27, 2021 9:02AM ET
The admitted inflation rate is 4.3 % which means it is really 8% and rising. The money supply increases are so drastic that we cannot avoid runaway inflation and triple digit silver.
Silver May 27, 2021 6:04AM ET
Nobody Nobody
Silver May 27, 2021 2:05AM ET
Every government seems involved in over printing paper currency. That's why the dollar index doesn't matter any more. All countries are wrecking their currencies with hyper inflationary policies. Even with suppression, silver will surge to triple digits and beyond.
Silver May 27, 2021 1:53AM ET
They will when they are all bk.
Silver May 26, 2021 12:01PM ET
Look at 5 hour chart. Thi is normal backing and filling. Add to longs here.
Silver May 26, 2021 6:53AM ET
No, but we might see 28.70
Silver May 26, 2021 3:58AM ET
The trend is your friend. The trend now is RUNNAWAY INFLATION.
Silver May 26, 2021 1:38AM ET
Look at the monthly chart. We will be a new highs for the last decade very quickly. Those who are short are in big trouble.
Silver May 24, 2021 5:03PM ET
How long until we are in the Weimar style runaway inflation? As this inflation gears up you will have a golden opportunity to ride the silver rocket and then convert margined profit into hard assets. This process will play out over the next few years. In months you will see silver in triple digits. No matter how the government chooses to deal with it we already know politicians do not have the fortitude to make the hard choices so we will be dragged into drastic inflation that will exceed the inflation of the 1970's when everything quadrupled in price. Stay far over margined and buy on any significant dip. There will be short squeezes on all margined hard asset contracts. This will be the opportunity of a lifetime. Prepare to take advantage of it.