>>8457855 (pb)
question was about why the silver price has crashed.
I don't, and of course can't, have any sauce for this speculation, but I think the price has crashed because there is a BIG seller. Duh, right? In this case the seller is JP Morgan, imo. A couple of weeks ago JPM CEO Jamie Dimon went into the hospital for heart surgery. It was not a scheduled or pre-announced surgery, which something like that often is for a CEO. He spent a week in the hospital, and then it was announced he would be going home to recuperate. I think that was Dimon's corona virus. JPM had accumulated a huge long physical silver position. Nobody knew why, or even speculated as to why they had it. I think a lot of the current volatility in markets is the white hats unwinding all of the rigged trades that the black hats use to pay themselves big bucks and feed the eye. As the biggest of the big, JPM is in the middle of that. Not likely that Dimon will come back to work. Alot of these bailout packages and plans and Fed maneuvers are probably setting the stage for the new monetary/financial system by putting the necessary resources in place up front. Like everything else the groundwork is laid first.