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From: Mike Mike
Friend of mine messaged a bit earlier to say "No prizes for being short silver puts...." This sort of move utterly brutal if you are short options - especially puts of course. I hadn't seen how much of a wreck silver was today - gold I had seen had reversed the last bit of the wild move up. I don't understand what's been driving the exponential rally - it isn't reflected in BTC at all, so it's purely the physical precious metals. I've wondered before whether it's overall being driven by the huge value creation over recent years in crypto being cashed in and physical assets being bought with the proceeds. Most crypto people will be fans of gold for obvious reasons Myself and friends have been selling some stuff (equities) recently - does feel like the march up is all becoming a bit easy

Current Thread	Author	Time
A near 40% move on silver is insane.	Free Thinking Doggie	18:35:09
>> Something is breaking.	Free Thinking Doggie	18:35:33
>> Hahah yes pretty fruity!!	Mike Mike	18:49:18
>> Ever wise to join in when it’s obvious	Denc 🗡	18:51:48
>> Friend of mine messaged a bit earlier to say "No prizes for being short ... [more]	Mike Mike	19:01:14
>> Never.	Denc 🗡	18:53:42
>> Only down 27% now	Denc 🗡	19:00:37

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