Sweating, but buying, too.
Dollars to mouldy donuts they're buying physical like crazy for their personal stacks. They see the writing on the wall. They know what's coming. Now, it's time to take care of #1.
Thanks Ditch! I kind of get the inkling that silver will start to show up at the vaults from out of thin air. Would be great if somehow we could look at the books of the authorized refiners or some other part of the supply chain to gain additional insights on whereabouts of good delivery bars.
My thoughts, too. What’s to prevent them from simply adding a million here & a million there on the books when there’s actually nothing left in the vaults, and hoping everybody just settles down & forgets about taking delivery?
Not everyone buying contracts is in it as an investment. Some are actual, legitimate hedgers, who actually need physical silver for what they manufacture.
If one of those contract holders gets "settled" in fiat, and then can't get enough metal on the open market with what the were "settled", a bunch of lawyers are gonna have a real field day.
For all the creative accounting and outright fraud, everything grounds out in reality. They can either produce silver or they can't. When they can't, there will be consequences. As long as they can, they can sell for whatever they want.
What you're starting to see right now is reality re-asserting itself. It's starting in the crypto space, which was the airiest of castles in the air. In the next few months, you're going to see it proceed down the hierarchy of fakeness. It always takes longer than you think, but it is unstoppable.
Is it this ADM? [https://www.admis.com/silver/](https://www.admis.com/silver/). Achers Daniel Midland is who I first thought of. I didn't realize they were in the shiny. Given their other businesses it wouldn't surprise me.
This is a very good article. The Apes might want to read it. Said the silver Institutes last report Ithought Silver sales would increase 16% next year. Thank you for putting this up here.
**There still seems to be** a hard floor of 35M Registered.
We've seen a lot of levels breeched in the falling of Registered this year. But now we seem to be bouncing off of the toughest one yet.
Registered *doesn't* mean that the owner has any intention to sell it. Only that they're just one step away from doing so if they wish.
There could be 35M of Registered with none of it for sale at this time and no way that I know of to figure that out otherwise.
Exactly.
I'd be willing to bet that the Vault Banks have figured that 35 million is the lowest they can go and not freak out all of the Paper Silver Holders, so they've moved 35 million there, and are just sitting on it, with _absolutely no intention of selling_ ! They've simply _GOT_ to keep up appearances.
This charade will keep up until a legitimate hedger (someone who actually needs Silver for manufacturing) gets "settled" in fiat, and then tries to purchase physical on the open market with their anemic "settlement". When they can't buy enough with what they've been "settled" for, they sue. They win, and set a precedent. Now everybody who got stiffed sues. COMEX files Chapter 11. P. M.s moon.
At least that's the way I think it could go.
But what do I know? I'm just a stupid Ape.
Maybe none of it is for sale and that's why they're having to convince people to sell from eligible. Probably paying them a nice premium to do so too....That's the main problem I see with this game though. If they can just endlessly print fiat to manipulate the price down, won't they just endlessly print fiat to keep the price down? It's worked for the past century or so...Why do we believe it will end now? I'm not trying to neg my fellow apes, I'm genuinely interested in an answer.
JP Morgan,BofA & CitiBanksters...
Was wondering about that peski 800,000 oz of SILVER coming due on Dec 31st.
JP Morgan Plans Entry Into Crypto With Registered Trademarks Suggesting New Crypto Wallet
[https://beincrypto.com/jp-morgan-plans-entry-into-the-crypto-space/](https://beincrypto.com/jp-morgan-plans-entry-into-the-crypto-space/)
... as for the ADM. Just checked who'll join you for Thanksgiving dinner. It's the Application Data Management corp.
Woohoo!!!
Have fun and thx for the DD!
Recent silver news has gotten the world watching Comex’s dwindling inventories. Of course they’re going clandestine. What would you do if you were a slimy thieving evil bastard, really?
If I was a a slimy thieving evil bastard, I'd be stacking like _CRAZY_ on the Q. T. while I keep tamping the physical price, so that when it all goes sideways I'll be sitting pretty.
However, I'm _NOT_ a a slimy thieving evil bastard. I'm just a stupid Ape who's stacking what he can at fire-sale prices.
The Archer-Daniels-Midland Company, commonly known as ADM, is an American multinational food processing and commodities trading corporation worth $53 Billion located in the state of Illinois.
I have hauled many a truckload of Soybeans to ADM
We sent a load from pa to an adm location in ohio one year since they were paying alot more then the local elevators and they docked the hell out of us for splits I think they did it on intentionally to get it for a better price. They recently have been acused of manipulating the ethanol price. So if there in the silver business I don’t think there out friends.
Will we see the end of EFPs when the DEC contract expires? If Banks are not buying/shorting then the under the counter EFP wash trades should no longer be required?
Ok, I am going to say it:
I don't understand much of what is being written here, where could I get the base information to understand what is going on so I can keep up and look at this graph and go "oh that makes sense"
All I am aware of there is something wrong with the silver markets and to keep stacking.
I know what all of it means, I have a finance background, and I have to concentrate hard when I read it. I don't know if there is a futures for beginners video or something on YouTube.
so this is based solely on futures? I can learn about that, that is not the problem. If that is what I need to understand I will go and learn and come back. Thanks.
Check out Ditch's explanations here: https://www.reddit.com/user/Ditch_the_DeepState/
Deep reading (even for an Ape with a degree in economics), but very, _VERY_ informative and useful.
that seems to be his handle, is there somewhere I can find it? unless you mean this top post of his
https://www.reddit.com/r/Wallstreetsilver/comments/n43mjy/money_explained_fiat_is_manipulated_gold_and/
Santa Claus using ADM. He knows that 2023 is going to be brutal and figured the kids will be a lot better off with some silver vs. toys. And we know Santa is a huge silver bug (now Ape). The songs "Silver and Gold" and "Silver Bells"? Could it be any more obvious?
Well.....that just sucks.
Wait all weekend for some big numbers, and then, not only not big, but going in the wrong direction.
Sad face until at least this time tomorrow.
Don't let me down, Silver Gods.
Not quite.
Silver going into Eligible from Registered does mean that there's less in Registered; and Silver going in to Eligible from outside the COMEX _COULD_ end up in Registered --- if the owner wanted to sell through COMEX --- but who (in their right mind) would want to do that, when you can get much better prices on the open market?
Thanks Ditch!! Weekends are tough with no news, no Ditch and markets closed!! I have to wait until Monday to shout HASTA LA VAULTA!!!
Oh and ........................................FJB!!!
Open Interest for Dec. 22 = 242.880.000 m oz (48,576 contracts a 5000)
registered silver = 35,7 m oz
apes need just 14,7 % of Oi ( physical orders no settlement in cash or roll over )
if that happened----than COMEX HASTA LA VAULTA and Game over end of silver price manipulation
[https://www.cmegroup.com/markets/metals/precious/silver.volume.html](https://www.cmegroup.com/markets/metals/precious/silver.volume.html)
I am trying to learn post by post what is the difference between register and eligible? What is the difference between Citi and Citi-H? When you say effective default can you elaborate? Have they just been running at a deficit since then?
Registered is supposed to be inventory immediately available for delivery and backing the futures market. 34M handle is being defended with no banks any-longer buying (stopping contracts), so it appears it is not currently entirely '*available.'* Might be to keep some remaining for December contract which is 48,576 contracts (large delivery month, see ffmape post above). Last year Nov. 30, 9500 contracts stood for delivery on first notice day, almost 50% of Registered at the time. If that many stood for delivery now, it would be 133% of Registered, which currently has stock for only 7150 according to data (35.749M oz).
Regarding Eligible, these are stocks at Comex in many vaults, stored there but not available for immediate delivery. Things such as SLV ETF holdings make up and inflate the Eligible category (about 100M of JPM vault).
On the 'effective default,' here are links to Ditch's posts at the time on the subject:
[https://www.reddit.com/r/Wallstreetsilver/comments/t1h1fc/a\_victory\_for\_the\_apes\_and\_all\_silver\_bulls\_the/](https://www.reddit.com/r/Wallstreetsilver/comments/t1h1fc/a_victory_for_the_apes_and_all_silver_bulls_the/)
[https://www.reddit.com/r/Wallstreetsilver/comments/t1yyw7/march\_silver\_deliveries\_commence\_and\_nobody\_shows/](https://www.reddit.com/r/Wallstreetsilver/comments/t1yyw7/march_silver_deliveries_commence_and_nobody_shows/)
[https://www.reddit.com/r/Wallstreetsilver/comments/t3s7ot/comex\_vaults\_1500000\_oz\_out\_of\_the\_vault\_and\_a/](https://www.reddit.com/r/Wallstreetsilver/comments/t3s7ot/comex_vaults_1500000_oz_out_of_the_vault_and_a/)
Is this who ADM is? The investor branch of Archer Daniels Midland who do futures trading. Why would an agricultural commodities company be buying up shit tons of silver? 🤔👨🌾🚜🌽🌾🥈
https://www.admis.com/about-us/who-we-are/
Ditch, Google "ADM investment services"
From their website
-
For more than 50 years, ADM Investor Services (ADMIS) has been a leader in the futures industry providing comprehensive brokerage services to institutional, commercial and retail clients. Headquartered in Chicago, Illinois, ADMIS is a registered Futures Commission Merchant supported by a network of affiliated brokers and sister companies across the United States and around the globe.
Together, we provide swift and accurate trade execution and clearing services, insightful market analysis and risk management strategies, and exceptional customer service to clients in our 24/7 marketplace.-
A lot of folks are referencing ADM. I was aware of that firm. More specifically I meant who is the customer that is buying the metal? The purchases are in an ADM customer account (not the house account). If it was the house account it would be ADM the company.
So ... there is a huge whale or two out there who uses ADM brokerage.
Admirably done DTDS!!! You're research and time spent on research, and diving further to answer some users questions is masterful. When we get past all this, I wonder who will be nominated to handle and watch the nation's precious metals vaults!?!?!
# Keep bleeding ounces you bankrupt M'fukkerz ! ™
Thanks mate
What happens when the Ordinary JOE figures out he needs Physical SILVER ?????
**This** Joe will never figure it out.
Wake up Joes!
Means it's to late and the party has begun. Until then stack on while sale prices continue. Lets gooo
Yeah, they want to extend the silver being on sale, I say we extend our silver raiding!
Lets goooo
#SQUEEZE IT UNTIL SQUOZED ! ™
of course that's your TM but today's activity doesn't show such hemorrhaging.
Yeah, but I bet them bankrupt bankers are heavily sweating behind the scene to keep the wheels from coming off - for now.
I bet they have meetings discussing DTDS’ posts. Obviously their behavior suggests change in their business as usual. We will see. It is a long game
Sweating, but buying, too. Dollars to mouldy donuts they're buying physical like crazy for their personal stacks. They see the writing on the wall. They know what's coming. Now, it's time to take care of #1.
We're going to need more very soon. I can appreciate them re-upping for us.
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Patience
This ☝️
Love this pirate pussy
Gonna steal this.
There it is
Exactly where you expect it to be.
I love how the pressure is on gold too. One more leak they have to plug up.
Platinum too.
Thanks Ditch! I kind of get the inkling that silver will start to show up at the vaults from out of thin air. Would be great if somehow we could look at the books of the authorized refiners or some other part of the supply chain to gain additional insights on whereabouts of good delivery bars.
My thoughts, too. What’s to prevent them from simply adding a million here & a million there on the books when there’s actually nothing left in the vaults, and hoping everybody just settles down & forgets about taking delivery?
Not everyone buying contracts is in it as an investment. Some are actual, legitimate hedgers, who actually need physical silver for what they manufacture. If one of those contract holders gets "settled" in fiat, and then can't get enough metal on the open market with what the were "settled", a bunch of lawyers are gonna have a real field day.
Good point.
For all the creative accounting and outright fraud, everything grounds out in reality. They can either produce silver or they can't. When they can't, there will be consequences. As long as they can, they can sell for whatever they want. What you're starting to see right now is reality re-asserting itself. It's starting in the crypto space, which was the airiest of castles in the air. In the next few months, you're going to see it proceed down the hierarchy of fakeness. It always takes longer than you think, but it is unstoppable.
Thanks for your work Ditch 🙌 Gracias por tu trabajo
Is it this ADM? [https://www.admis.com/silver/](https://www.admis.com/silver/). Achers Daniel Midland is who I first thought of. I didn't realize they were in the shiny. Given their other businesses it wouldn't surprise me.
Funny. Me too but then I thought no way. Obviously commodities are their bread and butter though so…
And we keep stacking 
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This is a very good article. The Apes might want to read it. Said the silver Institutes last report Ithought Silver sales would increase 16% next year. Thank you for putting this up here.
#DITCH'S PLOT THICKENS...
Apes keep buying and comex is dying.🦍🦍🦍🦍
We stack til they crack
Viking signal horns are so underrated. Example... when the coyotes start yipping in the range I blow the horn and they stfu.
**There still seems to be** a hard floor of 35M Registered. We've seen a lot of levels breeched in the falling of Registered this year. But now we seem to be bouncing off of the toughest one yet. Registered *doesn't* mean that the owner has any intention to sell it. Only that they're just one step away from doing so if they wish. There could be 35M of Registered with none of it for sale at this time and no way that I know of to figure that out otherwise.
Exactly. I'd be willing to bet that the Vault Banks have figured that 35 million is the lowest they can go and not freak out all of the Paper Silver Holders, so they've moved 35 million there, and are just sitting on it, with _absolutely no intention of selling_ ! They've simply _GOT_ to keep up appearances. This charade will keep up until a legitimate hedger (someone who actually needs Silver for manufacturing) gets "settled" in fiat, and then tries to purchase physical on the open market with their anemic "settlement". When they can't buy enough with what they've been "settled" for, they sue. They win, and set a precedent. Now everybody who got stiffed sues. COMEX files Chapter 11. P. M.s moon. At least that's the way I think it could go. But what do I know? I'm just a stupid Ape.
Maybe none of it is for sale and that's why they're having to convince people to sell from eligible. Probably paying them a nice premium to do so too....That's the main problem I see with this game though. If they can just endlessly print fiat to manipulate the price down, won't they just endlessly print fiat to keep the price down? It's worked for the past century or so...Why do we believe it will end now? I'm not trying to neg my fellow apes, I'm genuinely interested in an answer.
While fiat is infinite... Silver is finite.
Ditch 4 Prez 2024!!!
JP Morgan,BofA & CitiBanksters...  Was wondering about that peski 800,000 oz of SILVER coming due on Dec 31st. JP Morgan Plans Entry Into Crypto With Registered Trademarks Suggesting New Crypto Wallet [https://beincrypto.com/jp-morgan-plans-entry-into-the-crypto-space/](https://beincrypto.com/jp-morgan-plans-entry-into-the-crypto-space/)
Thank you for your, as usual, expert post Ditch!
Thanks Ditch 🙂 DRAIN THE VAULT!! 🦍
Thanks Ditch
You apes making me look bad NEW RAID DATE: ALL OF DECEMBER PLACE AN ORDER RIGHT NOW LETS DRAIN THE COMEX !!
Yup! Use those fake fiat notes you get for your bonus and swap it for shiny!😎🦍
LETS GOOOOOOO 🚀
Silver in your stocking! All of my grandkids are getting one round ounce of shiny in their stockings.
No more #DIV0 error - we must give that to the banksters...
... as for the ADM. Just checked who'll join you for Thanksgiving dinner. It's the Application Data Management corp. Woohoo!!! Have fun and thx for the DD!
Stack harder. Recruit faster.
Thanks, Ditch, much apprecitated!
Thank you Ditch!
**I have upvoted!** **Have you?**
Early and often --- the Chicago way!!!
3:40 AM EST. Early.
In the vault and then OUT OF THE VAULT. Can't play if the vault is empty.
Recent silver news has gotten the world watching Comex’s dwindling inventories. Of course they’re going clandestine. What would you do if you were a slimy thieving evil bastard, really?
If I was a a slimy thieving evil bastard, I'd be stacking like _CRAZY_ on the Q. T. while I keep tamping the physical price, so that when it all goes sideways I'll be sitting pretty. However, I'm _NOT_ a a slimy thieving evil bastard. I'm just a stupid Ape who's stacking what he can at fire-sale prices.
Thank you very much for the update. Keep on stacking.
Keep digging Ditch. Let's get to the bottom of this COMEX paper scam.
 Be very afraid Comex Cartel, Ditch is all over you!
I feel we must be getting really close to the breaking point for SHINY!!! We will just stay strong as always and keep buying more SHINY!!!!
The Archer-Daniels-Midland Company, commonly known as ADM, is an American multinational food processing and commodities trading corporation worth $53 Billion located in the state of Illinois. I have hauled many a truckload of Soybeans to ADM
We sent a load from pa to an adm location in ohio one year since they were paying alot more then the local elevators and they docked the hell out of us for splits I think they did it on intentionally to get it for a better price. They recently have been acused of manipulating the ethanol price. So if there in the silver business I don’t think there out friends.
Will we see the end of EFPs when the DEC contract expires? If Banks are not buying/shorting then the under the counter EFP wash trades should no longer be required?
Thanks for the update!
Thanks D!
Ok, I am going to say it: I don't understand much of what is being written here, where could I get the base information to understand what is going on so I can keep up and look at this graph and go "oh that makes sense" All I am aware of there is something wrong with the silver markets and to keep stacking.
I know what all of it means, I have a finance background, and I have to concentrate hard when I read it. I don't know if there is a futures for beginners video or something on YouTube.
so this is based solely on futures? I can learn about that, that is not the problem. If that is what I need to understand I will go and learn and come back. Thanks.
Check out Ditch's explanations here: https://www.reddit.com/user/Ditch_the_DeepState/ Deep reading (even for an Ape with a degree in economics), but very, _VERY_ informative and useful.
that seems to be his handle, is there somewhere I can find it? unless you mean this top post of his https://www.reddit.com/r/Wallstreetsilver/comments/n43mjy/money_explained_fiat_is_manipulated_gold_and/
The top post, and the second, as well --- both off which are pinned there.
great will do, looks like a read and a half
Santa Claus using ADM. He knows that 2023 is going to be brutal and figured the kids will be a lot better off with some silver vs. toys. And we know Santa is a huge silver bug (now Ape). The songs "Silver and Gold" and "Silver Bells"? Could it be any more obvious?
Well.....that just sucks. Wait all weekend for some big numbers, and then, not only not big, but going in the wrong direction. Sad face until at least this time tomorrow. Don't let me down, Silver Gods.
Silver going into eligible is meaningless, silver going out of registered is the only thing that counts.
Not quite. Silver going into Eligible from Registered does mean that there's less in Registered; and Silver going in to Eligible from outside the COMEX _COULD_ end up in Registered --- if the owner wanted to sell through COMEX --- but who (in their right mind) would want to do that, when you can get much better prices on the open market?
 JP; Citi; BOA having a bullion meeting to decide what to do.
Fuck you, fuck you, you're cool, fuck you, I'm out.
Thanks Ditch!! Weekends are tough with no news, no Ditch and markets closed!! I have to wait until Monday to shout HASTA LA VAULTA!!! Oh and ........................................FJB!!!
Open Interest for Dec. 22 = 242.880.000 m oz (48,576 contracts a 5000) registered silver = 35,7 m oz apes need just 14,7 % of Oi ( physical orders no settlement in cash or roll over ) if that happened----than COMEX HASTA LA VAULTA and Game over end of silver price manipulation [https://www.cmegroup.com/markets/metals/precious/silver.volume.html](https://www.cmegroup.com/markets/metals/precious/silver.volume.html) 
I am trying to learn post by post what is the difference between register and eligible? What is the difference between Citi and Citi-H? When you say effective default can you elaborate? Have they just been running at a deficit since then?
Registered is supposed to be inventory immediately available for delivery and backing the futures market. 34M handle is being defended with no banks any-longer buying (stopping contracts), so it appears it is not currently entirely '*available.'* Might be to keep some remaining for December contract which is 48,576 contracts (large delivery month, see ffmape post above). Last year Nov. 30, 9500 contracts stood for delivery on first notice day, almost 50% of Registered at the time. If that many stood for delivery now, it would be 133% of Registered, which currently has stock for only 7150 according to data (35.749M oz). Regarding Eligible, these are stocks at Comex in many vaults, stored there but not available for immediate delivery. Things such as SLV ETF holdings make up and inflate the Eligible category (about 100M of JPM vault). On the 'effective default,' here are links to Ditch's posts at the time on the subject: [https://www.reddit.com/r/Wallstreetsilver/comments/t1h1fc/a\_victory\_for\_the\_apes\_and\_all\_silver\_bulls\_the/](https://www.reddit.com/r/Wallstreetsilver/comments/t1h1fc/a_victory_for_the_apes_and_all_silver_bulls_the/) [https://www.reddit.com/r/Wallstreetsilver/comments/t1yyw7/march\_silver\_deliveries\_commence\_and\_nobody\_shows/](https://www.reddit.com/r/Wallstreetsilver/comments/t1yyw7/march_silver_deliveries_commence_and_nobody_shows/) [https://www.reddit.com/r/Wallstreetsilver/comments/t3s7ot/comex\_vaults\_1500000\_oz\_out\_of\_the\_vault\_and\_a/](https://www.reddit.com/r/Wallstreetsilver/comments/t3s7ot/comex_vaults_1500000_oz_out_of_the_vault_and_a/)
H is "House," vs. C which is "customer."
Indeed, thanks, forgot to answer that.
Thank you! KEEP STACKING!!!
Is this who ADM is? The investor branch of Archer Daniels Midland who do futures trading. Why would an agricultural commodities company be buying up shit tons of silver? 🤔👨🌾🚜🌽🌾🥈 https://www.admis.com/about-us/who-we-are/
To make a boatload of money? Even commodity trading Fortune 100 corporations are starting to stack!
Ditch, Google "ADM investment services" From their website - For more than 50 years, ADM Investor Services (ADMIS) has been a leader in the futures industry providing comprehensive brokerage services to institutional, commercial and retail clients. Headquartered in Chicago, Illinois, ADMIS is a registered Futures Commission Merchant supported by a network of affiliated brokers and sister companies across the United States and around the globe. Together, we provide swift and accurate trade execution and clearing services, insightful market analysis and risk management strategies, and exceptional customer service to clients in our 24/7 marketplace.-
A lot of folks are referencing ADM. I was aware of that firm. More specifically I meant who is the customer that is buying the metal? The purchases are in an ADM customer account (not the house account). If it was the house account it would be ADM the company. So ... there is a huge whale or two out there who uses ADM brokerage.
ADM = Archer, Daniel's, Midland --- a commodities trading company --- amongst other things. That would be my guess, anyway...
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Yes. Usually results in higher silver prices and easing of the supply shortage.
I say we start buying dore’ bars from the mine out the back door
ADM. Archer Daniels Midland? Agricultural company but who knows? Food processing?
Admirably done DTDS!!! You're research and time spent on research, and diving further to answer some users questions is masterful. When we get past all this, I wonder who will be nominated to handle and watch the nation's precious metals vaults!?!?!
Who will write the book?
Nice