Hello. Let me get this straight. First of all, I am a holder of physical silver and I find it very strange, that Jamie Dimon (JP Morgan) is meeting the one and only Joe Biden just after a rough couple of days of silver going up in value and demand
As of recent, I noticed a strange volume occurring on silver futures and I thought I would do some digging, and I must admit I was not the first one! For other people, this might be normal to know that the silver market is acting weird, for me this was the first time.
The ongoing investigation led me to this article today. Posted by ZeroHedge -https://www .zerohedge.com/commodities/houston-we-have-problem-85-silver-london-already-held-etfs
Where it says that JP Morgan added to their SLV position 2800 tons of silver. Which compared to the yearly OVERALL PRODUCTION OF SILVER IS 10%! If that number just does not say they ARE FULL OF CRAP I don't know what will...
The OVERALL annual investment in silver is about 18% of its whole production and here we have JP Morgan throwing in 10% of that in their vault in about 5 days when the price is almost at local high? Seems legit. Here is what the article says too...
There is only so much silver left for ETFs to fight over in London vaults and when there is non left the price should skyrocket. Unless they start printing again?
Sounds a LOT like there should be an investigation or at least I am hoping that people buying in those ETFs start to bank out physical silver and take this god damn banker's firm to the shothole it came out of.
I hope you are doing great. and have fun longing the best precious metal out there! Cidoguy.
Its ok because we need these guys to get rich. Who cares about the common people. This is how our government and wall street think. When we get people to buy gamestop they call it manipulation and implement controls like you can only buy one share but can sell as much as you want which is not manipulation. When the poor impact prices its called manipulation but when the rich does it it is to protect the poor from making a mistake. What a bunch of bullshit and I am shocked more people are not protesting and demanding an explanation. We continue to let these clowns ruin our lives!
SilverChad
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Manipulation is real. You can see the sell volumes correlate with a drop in price. CME settlements are insane and have added over 4 billion ounces to the COMEX in February alone which is 3.5x annual global production. 85% of silver LBMA 1000 oz bars are accounted for in the ETF's. That leave's around 3-500 million available silver. All bullion dealers are sold out and I am sure at least of the remaining bullion is accounted for in back orders. The cat is out of the bag and people are catching on to the manipulation. It is clear for anyone to see. Snatch up as much phsyical as you can and speculate in some miners, when the price decouples from the Comex all those invested will be looking at SERIOUS gains.