tyb
>>8554309, >>8554343, >>8554399, >>8554402 Gold market breaking down? Silver mkt: >>8554529
all pb
JP Morgan Has Cornered the Silver Market via Manipulation
Two words: Underappreciation and Scarcity.
These words describe with great clarity whatās happening in the silver market right now.
Silver has proven to be one of the fastest and most volatile markets. It has exhibited a historical tendency to rise higher and faster than most assets, and its dramatic plunges also exceed the depth and speed of most others.
This is part of the reason why Nelson Bunker Hunt, the famous silver speculator, called silver āan accident waiting to happen.ā Underappreciation is a precondition of surprise. And in the case of silver, extreme price volatility driven by panic buying or selling characterizes the underappreciated status of this often neglected yet highly valuable asset.
But the second part of this phrase also concerns scarcity. The availability of physical silver is growing smaller and smaller as a significant amount of the metal is being allocated to industrial use. Most investors are aware of silverās dramatic price movements over the last decades. Yet most investors are unaware of the major force behind those movesā¦and how such a force may be a key indication that silver will soar well beyond its current levels.
The worldās largest stockpile of privately owned silverā500 million ouncesāis owned by one of the worldās largest banksāJPMorgan Chase.
In just five years, JP Morgan Chase has accumulated the largest holding of physical silver in the world. In fact, prior to JP Morgan, there was only one other entity that owned more physical silverāthe US government. And that was over a century ago when silver coinage was in common use.
In 2008, the US Treasury and Federal Reserve asked JP Morgan to take over the failing investment bank, Bear Stearns. What many people donāt know is that Bear Stearns held the largest short positions in COMEX gold and silver. Upon taking over Bear Stearns, JP Morgan inherited the role as the metalsā largest short seller.
According to CFTC data, JP Morgan maintained these positions while concentrating its efforts on the silver market. Before long, JP Morgan became a dominant force in silver, able to exert significant influence on silver pricing. JP Morganās resources were so large that they were able to sell nearly unlimited quantities of silver futures even as prices rose, and buying them back as they plunged. As a result, JP Morgan made a profit amounting to hundreds of millions immediately after the Bear Stearns takeover.
The continuous silver market manipulation suppressed prices (as low as $9 per ounce) at a time when the physical supply of silver was drying upāa factor that catapulted silver to the near highs of $50 per ounce. Caught with a dangerously large short position, JP Morgan sought assistance from the CME to offload some of these shortsāa cooperation that led to the rigging of one of the sharpest sell-offs in history. During this harrowing process, it dawned upon JP Morgan that investable silver was fundamentally scarce and that the most profitable side to be on for the long term is the long side. And this is when JP Morgan began hoarding silver. It took 5 years for JP Morgan to accumulate 500 million ounces of silver without driving up prices.
There was not much investable silver available for JP Morgan to purchase. But as a custodian to SLVāthe silver ETFāand the largest dealer and warehouse in the COMEX, JP Morgan was in a unique position to acquire all of the new silver produced across the world. In 2012, JP Morgan took 100 million ounces of silver held for SLV holders and transferred it out of its London warehouse to make room for its own stockpile. JP Morgan also began taking delivery on the massive number of silver futures contracts it owned. On top of this, JP Morgan also became the largest buyer of the US Mintās Silver Eagles and the Royal Canadian Mintās Silver Maple Leafs. JP Morganās impressive feat was to inconspicuously ācornerā the physical silver market while artificially managing a decline in the COMEX paper market.
By cleverly manipulating markets with short futures positions while acquiring newly produced silver, JP Morgan was able to quietly build its 500 million ounce stockpile. Sadly, given its own recognition of silverās value as a safe haven asset, JP Morganās subsidiary bankāChaseāduring the time of this accumulation had implemented a policy banning its customers to store silver, gold, or even cash in safety deposit boxesādiscouraging some of its customers to dispense with the very thing JP Morgan was in the process of hoarding.
JP Morgan has strategically positioned itself to profit from silverās fundamental scarcity. Now, all it has to do isā¦absolutely nothing.
https://gsiexchange.com/jp-morgan-cornered-silver-market/
CFTC Position Limits vs JPMorganās RICO Silver COMEX Hoard
The Commodity Futures Trading Commission (CFTC), made headlines this week with their fourth attempt at passing into financial law position limits on 25 commodities derivatives and futures contracts.
Financialized proxies that most often dictate āprice discoveryā for real physical monetary and precious commodities like COMEX silver/gold or NYMEX palladium, platinum ; or softer commodities like sugar, coffee, crude oil, etc.
The CFTC yesterday proposed commodity position limits of up to 25% of the deliverable supply of each commodity. Nevermind the CFTC canāt even stop $290 million in alleged fraud lawsuit lost against Monex leverage accounts. This latest CFTC move was mandated by US Congress Dodd-Frank Act law passed in the year 2010, has failed various times in passing over the last decade. The reason for why courts threw out past attempts is likely shrouded by the very real fact that major financial institutions and commercial banks have been filing lawsuits and stonewalling these ongoing position limit efforts.
Limits on market concentrations are not in the interest of those entities who consistently make large derivative gambling profits, often allegedly conspiring together at times. Some time so concentrated in their market-moving power, they can have the ability to move commodity and derivative market prices easily and thus profitably trade them while scalping often smaller, dumb money speculators on the other side of many futures contract bets.
While this latest news should theoretically cap the number of contracts that a single entity or participant on the COMEX, NYMEX might hold in an attempt to prevent speculators from causing unjustified price swings that impact US citizens and global consumers of real-world goods. One only has to do a cursory look at the fractionally reserved COMEX silver bullion warehouse market share to see that JP Morgan has become dominant there since 2011. Now JP Morgan is the silver fractional reserve custodian of over 50% of the entire COMEX silver registered and deliverable bullion pile, Cap#1
JP Morgan by sheer concentration dominated spot silver prices by holding over 40% of the silver futures market share after it had taken over Bear Sternsā bankrupt silver trading desk in the spring of 2008.
That year, the spot price for silver went from over $21 oz falling to below $9 oz by late 2008 during the very bottoming of the global financial crisis. All this while at the same time the global physical and US silver bullion market was being overwhelmed by real silver bullion demand. It was common then to see multi-month delivery backorders, silver bullion dealers with no silver inventory to sell at all, and product price premiums for many silver bullion products nearly double the then quoted live silver spot price. The same spot price mainly being derived by the COMEX silver futures market, which again was supposedly back then and somehow claiming to still now be regulated by the CFTC. Yes, I am sure we sound cynical here, but the CFTC is the same supposed regulatory agency which after 5 years of investigating the COMEX silver futures markets from the year 2008 until 2013, decided that its investigation was closed due to not finding any wrongdoings.
Only to have the US Department of Justice arrest JP Morgan traders in 2018 and again arrest JP Morgan traders in 2019. Obtaining multiple guilty pleas by former commodities traders who allegedly illegally price spoofed all four major precious metals futures markets and front ran their very own clients over at JP Morgan Chase between the years 2009 until 2015.
rest at link
https://thedailycoin.org/2020/02/01/cftc-position-limits-vs-jpmorgans-rico-silver-comex-hoard/
yes they fall under the category of complete and total corruption. The physical holdings JP Morgan has can be taken by the EO's
we already have tickets to itā¦you seem to have left yours at will-call
NINJA77 C-560 on descent nw of Bangkok
you don't get itā¦never will and you've been doing this the entire time.
The labels you throw around bely the lack of brian power you've always had.
GFY
tyb
>I'm a vet.
So fucking what. That is your argument?
Damn sonā¦no wonder you can't see straight. Clouded by clinging to what you've been told.
Good luck with that.
Way to not think for yourself dipshit
go fuck yourself..you've got plenty of practice with your ego.