bob coleman

We could be on the verge of the "mother of all short covering rallies" for #SILVER Managed Money is now over $1 Billion net short in notional value CAN YOU DIG IT!!!!!

from 2020-2023 I was consistently cheaper by at least $2 to $5 an ounce of most silver products. Silver Eagles, I was as much as $8-10 cheaper that most of the big online guys who were advertising that they were the best or lowest prices. It was an insult to those of us who were willing to work for smaller margins and put the customer first rather than use the customer as a profit center while misleading them that they were getting some kind of great price.

They also were highly competitive most of the time Bob, and I say this, recognizing they were competitors with me, and you. Understanding their situation, rather than painting them all as bad guys, is more accurate. They are no longer as competitive, and business in retail pm's suck now.

As far as business, retail/wholesale coin/bar sales/purchasing is off 80-90% since the last crooked smackdown in January. It was just starting to pick up this week because of the drops, today will be dead with retail, more than likely. Retail usually steps in a few days after these crooked whacks. Also, I'd be a liar if I said these huge crooked smackdowns haven't hurt retail sentiment, and I get it. However, I also noticed, retail is starting to understand the game is rigged, and by who and how., and for now, they are still at the table and playing. Once they know who the crooked players are the table are, and how they cheat, they become more confident players and winners.. @KingKong9888 @Sorenthek @ArcadiaEconomic @RafiFarber @baldguymoney @LawrenceLepard @profitsplusid @RealKeithWeiner @RealRickRule @goldseek @profstonge

@BigMouthBarry calling on @JG_Nuke miss the emergency live streams

@profitsplusid Love you, Bob - we certainly hope for a nice bounce… and tell Jack we miss him

Silver Alert 3.6 reading Gold Miners Bullish Percent Index The last time the Gold Miners Bullish Percent Index went into single digits (100 extreme bullish sentiment to 0 extreme bearish sentiment) was in late September 2022 (see yellow/green boxes). Silver was about to reverse from a major low that year.

@chigrl x.com/profitsplusid/…

It is physically impossible for anyone to know whether Gulf central banks are currently selling gold. That data does not exist yet in any public reporting system. Anyone asserting they know what Gulf central banks did with their gold reserves in the last three weeks is fabricating it, because neither the IMF, the WGC, SAMA, CBUAE, CBK, nor QCB have released that data.

After Covid began, that brough in a new era of greed among the big online dealers. 2018-2019 many were losing money or barely breaking even. The influx of buyers in 2020 kicked off the greatest scams as well as misleading and questionable business practices in the precious metals industry. The large online players took full advantage of the public without any accountability.

Fact: A large amount fo the large online dealers, like SD, JM, Apmex, Monetary etc... before all this fuckery, their margins were razor thin on a lot of products, if you paid attention. Since refining, hedging, huge smackdowns and sales volume cut down 80+%, they are hurting, and forced to widened spread, or go under. Smaller dealers can certainly be far more competitive than ever with these guys because of lower overheads mostly. And lest we forget, a silver eagle at $5 over when silver was half the price was not excessive comparatively speaking (not the best deals) compared to now with silver prices doubled, need to have some perspective there, so is a $10 premium too high with prices doubled? And, I'm not justifying premiums, just explaining them to you. Stay well-

Gold Miners Bullish Percent Index Reading of 3.7 out of an index of 0-100. What a complete collapse in sentiment. From a contrarian perspective, sentiment may be getting washed out.

@BrianKuszmar not just vaulting but structured programs where people can buy and hold metals in an online account. Spreads have blown out and people have felt trapped. Can only take the bid of what the program offers.

@profitsplusid Bob, I think you referring to vaulting services?

@SRSroccoReport @BrianKuszmar Where are all the promoters pumping silver was unobtanium or silver going to $500?

@BrianKuszmar Yeah... the Silver Game is rigged more in the Wholesale-Dealer Market with $20+ BUY-SELL Spreads on Silver Eagles, etc Our own Pumping, Hyping, Overcharging, Underpaying Metals Industry is more to blame than the so-called Banksters. THERE LIES THE RUB...

@BrianKuszmar been posting warnings for a while now. Yet many seem to believe the marketing and not read the contract or understand the various risks which are not disclosed.

@profitsplusid To add, I think many bullion operations, refiners (hedging,financing issues), etc.. are in trouble, like bankruptcy type issues, and are holding on and hoping they can stay afloat till this swings in the other direction. Buyers/Sellers beware...

@BrianKuszmar Agree, unfortunately, that is not what their marketing and advertising is saying.

Imo, wide spread has nothing to do with greed, it has to do with they are in trouble. Even SD, one of the most competitive, is far from competitive now. Their (all of them/us) bullion business fell off a cliff the last year or so, and worse, if possible, since the Jan smackdown, they are no longer competitive because sales volume has fallen off a cliff, down as much as 80% or more from the highs of the last several years, my guess. Fortunately for me, bullion is just part of my business model, otherwise, I'd be in trouble...

@McCloyMike @michaeljmcnair @LukeGromen He makes a very valid point. Seen the Asian currency crisis in the 1990's and other events have influential short term effects on markets. This war has taken turns which many may have never expected.

@michaeljmcnair @LukeGromen @profitsplusid Bob, what is your take on why gold has been hit so hard since the Iran war started? Do you agree with this analysis?

Gold and silver are not acting well in a period of rapidly rising geopolitical risks. We have an Iran War, Strait of Hormuz blockade, rising volatility. In the old framework, that setup should be close to ideal for gold. But once you understand what is now driving gold, this move makes perfect sense. Something fundamental changed after the US and Europe froze Russian reserves in 2022. For decades, surplus countries parked their excess savings in US dollar assets, mostly Treasuries. The freezing of Russian reserves combined with the current administration's explicit push to discourage foreign countries from parking excess savings in US financial assets, forced surplus countries to rethink where they store reserves. And those countries haven't changed their domestic policies that generate the excess savings, so those savings have to be placed somewhere. The result is that gold and silver have increasingly become the obvious “neutral” reserve assets. That’s why gold decoupled from the three factors that used to explain it…real interest rates, volatility, and liquidity. Now reserve accumulation flows have become the primary driver. That shift has a consequence I don’t think most investors have thought through. If gold is now primarily driven by reserve flows from surplus countries, then gold has become pro-cyclical. Reserve growth is driven by export revenues, trade surpluses, economic growth in surplus economies. When the global economy is strong and surplus countries are generating large export revenues, their excess savings grow, their reserve accumulation accelerates, and gold catches a bid. When that surplus generation is disrupted, the bid weakens or reverses. This is exactly what is happening with the blockade of the Strait of Hormuz. The GCC countries are major reserve/gold buyers and now their export revenues are collapsing. They likely need to liquidate some reserves to cover fiscal obligations, and gold is one of their most liquid assets. Even if the reserve sales aren’t excessive yet, the market can see their reserve accumulation has stalled and probably reversed. That flow, which was a meaningful source of gold demand, has gone to zero at best. There are also secondary effects on other surplus economies. China is the world's largest oil importer. An energy shock of this magnitude slows Chinese growth, and compresses Chinese surpluses, which slows Chinese reserve accumulation. That same growth shock ripples through Korea, Taiwan, Japan, and the rest of Asia. The whole chain that has been driving gold higher, surplus countries generating excess savings that need a home outside the dollar system, is being disrupted by an event that in the old model would have been unambiguously bullish for gold. This doesn't mean the structural case for gold is broken. The dollar standard is still ending. Surplus countries still need an alternative to Treasuries and gold is still the most obvious destination. But it does mean gold is going to be more volatile along that structural trend than most people expect, and the volatility will correlate with global growth and surplus generation rather than with the old drivers. Gold rallies when surpluses expand. Gold sells off when surpluses contract. Even if the reason for the contraction is rising geopolitical risk that, under the old model, should have sent gold to the moon.

@DingDyllan97932 This war could be creating a true and concerning liquidity event.

@profitsplusid @profitsplusid any thoughts on today's price action? Sentiment has been black death for weeks now and no sign of a turn around. Maybe I am are looking at price far too closely on a day to day basis.

Gold Miners Bullish Percent Index takes a big dip to levels that have historically been decent entry points (yellow boxes) on the long side. MACD being washed out as well (yellow horizontal box). Sentiment being reset. Consolidation working off euphoric sentiment from January.

Looks like the #ENERGYCLIFF begins to move into higher gear, especially if this war continues for 2-3 more weeks. The world has no idea that most Financial Assets are Future Energy Liabilities masquerading as Assets. Protecting Wealth in #Gold & #Silver is the new paradigm.

@Carpedi02446887 @YeschuMaranatha take a look at these companies' bid prices not the over inflated offer prices.

@YeschuMaranatha @profitsplusid

The road a silver investor must travel before they realize any gain and validation of worth.

@Dave_Burroughs_ Three Gorges Dragon Ridge & Goddess Peak Sky Road

@profitsplusid Anyone know where this is located :) ...?

SLV ETF Alert Short Interest (reported as of end of February) has collapsed by 36 million shares since January. Would not be surprised if Jane Street blew out out their position as fast as they accumulated SLV in late 2025. If I am correct, the big positioning was used to trade and profit primarily from options rather than the underlying.

@NKC63_ especially using margin

@profitsplusid Retail should avoid

@Crankshaft1980 We measure that wind with a volatility index.

@profitsplusid I'll bet it gets windy up there.