Good Saturday my Steemian friends.
It is no secret to some who serious study the metals market that "insider" JP MORGAN has accumulated 140,000,000. That's right, MILLION ounces of silver. I have read this may be about 80 percent (or more) of available silver on the market (COMEX.)
(www.valuewalk.com)
The other two times the silver market was cornered was the Hunt Brothers around 1980 and Warren buffet and friends around 2008.
Above chart: Herbert Moolman, to 2013. Silver has steadly gone since 2013 to a low of about 14.00 three years ago. It is 16.50 today.
But, the Morgan purchases are far greater than either the Hunt Brothers or Buffet. They know something. And, they are going to let loose of the price of silver (and gold).
I learned many years back concerning the equity markets (SEC reports). Just follow the insiders. We do not know what they know but we can do as they do. It is time proven!
In my opinion there are no greater manipulators of the markets than Morgan and Goldman Sachs (and others, of course). They know the equities markets will be in big trouble. The bond market is not where to park assets now. rates are and will continue to rise. The dollar and other fiat currency is destined for serious decline. Watch all this unfold before 2018 comes to a close.
When I first bought 'junk' silver' at 8.00 /oz. in 2002 I did not expect to see 50.00 suddenly in 2009. (see the chart). I also did not expect what happened later. I was prepared for the long haul and did expect a good correction. I still own the original purchase. Yes I am not ALWAYS right, lol! But as I write, here comes the next bus. I don't plan to miss it. This is the best opportunity you'll see to buy silver, of course, my opinion.
The silver seasonal (above) is on target and acting really well this year.
The most important chart on this report is the one above.
Do we know everything 100 percent? No. But look at the weight of evidence. Follow the money.
The opinions are mine! Please do your own 'due diligence'.
Thanks for visiting. If you think I have something of value here, FOLLOW, UPVOTE and RESTEEM.
Awesome post. I have heard about JP Morgan hoarding silver 1-2 year ago. I love the chart that comparing the GSCI/S&P chart. That chart makes it such a no brainer to buy physical silver.
Also, silver will outperform Gold when the gold/silver ratio trendline breaks.
thanks..yes, this is not new...large commercials covering short positions this week (again).
Yep. Saw this in 2016 when silver went from 15 usd to 22 usd. Stack some more maple leaves!
thank you! And, you are spot on...only this move coming will (before 2019 is over) surpass 22!
Which coins do you like? I am impartial to Maple Leaves. Once went on a junk silver run.
no that partial...Am. Eagles, Maple leafs, chinese pandas...still have the junk silver...I even added fairly recently credit suisse bars.
Thank you for your continued support of SteemSilverGold
I think it is JPM and not GS but the message is the same. Maybe they also hedge it somewhere?
you know what...an error..Thanks!!! and my info was JPM!! corrected!
My friend, JPM has a little more than $2,000,000,000 in silver. Is this money meaninful against all the other assets that they have? If it is not, we will never see silver soar, for they will lose much money on the other assets and they will continue manipulating the market.
good comment..I think it is meaningful...by the way just out today, big commercials covering more short position in gold and silver..thanks again..
I am newer to this history, but I have a real sensitivity to hypocrisy. What I want to know is why the Hunt brothers were villainized and there was all sorts of public outcry and legal action while JP Morgan appears to go on without consequence. WHY? I don't know if the hoarding of metal by a large institution is wrong in and of itself, but I really have a problem with the apparent double-standard. Maybe the lesson here is if you're going to do something like this, make sure you grease the right government people.
excellent....and thanks again..
Very interesting indeed! The manipulation machine continues but we are getting close to a breaking point. If these guys have that big of a vested interest it is only a matter of time for a move.
you are "spot" on. and thanks for your continued support.
Corners are very dangerous...however JPM and company are just soaking up the bids here...and they are going to be right on this one....Expect something big here..
thanks! ALWAYS appreciate and look forward to your opinion, as you know.
Excellent article y-s and i couldn’t agree more — JPM has set themselves up to be the only hotcake seller in town!
Thank you...!
Resteemed
appreciated!!
Very interesting... stacking and waiting for the move.
thanks for the visit! and you are right!
Nice post! I am also pretty bullish on silver and believe we can break out of the sideways action soon.
Probably mid summer..(I'll soon again post the 'seasonal' chart). thank you for taking a look. Hope to see you back..
Thank you again..too many positive factors all lining up.