JP Morgan, however, seems to realise the value of owning physical silver bullion today. Heres a breakdown of the Comexs recent physical silver deliveries to JP Morgan: This is a huge bout of deliveries in a very short space of time. 1-Hour|24-Hour| more.. LivePalladiumCharts Some things never change there will be another crisis, and its impact will be felt by the financial market. When JP Morgan chooses to exploit this advantage remains to be seen. Is JP Morgan accumulating silver at these depressed levels in anticipation of geopolitical and financial turmoil? Required fields are marked *. The Company . In no event shall SilverSeek.com, Silver Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein. Since 2003, SilverSeek.com has served millions of readers with the latest silver news and information. And if so, what does this . While the past crises had different roots (you could spend a lot of time arguing the degree to which geopolitical, economic or purely financial factors caused each crisis), they generally had a strong effect across the financial markets.. By 2012, they had acquired 5 million ounces of silver bullion. At the time the Hunt brothers were believed to have acquired futures contracts worth one third of total annual global mine supply on leverage. 2011, they had little or none. Anyone who was offering to pay the bid-side is worried that the market is going up, instead of waiting to see if someone trades with them they pay the offer price. As Inflation Signals Fade, the Gold Mining Sector Outperforms, Gold Channeling East - How Much Does China Really Own? However, the veracity of some of the jobs numbers remains in doubt with some analysts concerned that figures are being hedonically adjusted and manipulated. In the last 3 years, their silver stockpile has increased tenfold and is now over 55 million ounces; in the last few weeks they have accumulated more than 8 million ounces of physical silver. Breaking Gold and Silver News and Research Here. JP Morgan realizes the value of owning physical silver bullion today Silver is currently trading at just over $16 per ounce, but it will likely surpass its high of $50 per ounce in the coming years. So why has JP Morgan been allowed to buy at these levels, obviously cornering the market? Where people were fiddling the fix by a couple of basis points to favour their own futures positions? JP Morgan Cornering Silver Bullion Market? JP Morgan has been acquiring this vast hoard of physical silver while holding the largest short position in the silver futures market, i.e. When they failed to meet a $100 million margin call they were almost completely wiped out. It is like chess - spend most of your time strategizing the next move. The weaker than expected GDP number suggests that the Fed will be slower to increase interest rates than was previously expected. Is that what this is? A good understanding of options is necessary to change direction and make adjustments as the market moves against you. You place a huge buy order just below the current bid. Click here to order Kindle The sell off was blamed on the better than expected employment figures but the scale of the losses were more than would have been expected especially given that the data has been very negative this week especially the poor GDP number. Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved. FORUM. Yesterdays AM LBMA Gold Price was USD 1,204.80, EUR 1,075.99 and GBP 779.73 per ounce. Next weeks non farm payrolls number will be watched for more signals but the poor GDP number this week should be a real alarm wake up call. The fundamental reasons for our very bullish outlook on silver is due to continuing and increasing global macroeconomic, systemic, geopolitical and monetary risks; silvers historic role as money and a store of value; the declining and very small supply of silver; significant industrial demand and most importantly significant and increasing investment demand including from the largest bank in America. MARKET UPDATE: Today's AM LBMA Gold Price was USD 1,179.00, EUR 1,049.24 and GBP 771.04 per ounce. JP Morgan Cornering Silver Bullion Market? Articles . In 2011, JP Morgan has little or no physical silver. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This Fast-Track Learning section of video and audio presentations is an easy way to gain knowledge about the precious metals industry and enable you to make well-informed decisions about diversifying your portfolio and maximizing wealth preservation. JPMorgan is a serial market manipulator and now swings both ways in cornering markets; usually on the short side of markets until the current long corner in gold. In particular, J.P. Morgan has accumulated a mass hoard that is 10 times the size of the stash attempted by the Hunt Brothers before they were forced by authorities to . The story has become the stuff of legend in the annals of precious metals trading and indeed trading. In Asia overnight, Singapore gold prices were flat and inched down 0.1 percent to $1,182.50 an ounce near the end of day trading. So, it is interesting to note that legendary silver market analyst Ted Butler has estimated that JP Morgan may currently hold far more than their official figure of 55 million ounces. "By virtue of the authority vested in me by the Silver Purchase Act of 1934 and of all other authority vested in me, . We Do Not Share In Your Profits, And Thus Will Not Take Responsibility For Your Losses As Well. London Paul, Gold Losing Some Zip but Buyers Grabbing Each Dip. Deposit products provided by JPMorgan Chase Bank, N.A. Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved. one seventh of a basis point on average. That JP Morgan - and or some traders - were cornering the global silver market. Will banks take their thumb off the electronic silver market and allow prices to rise in the near future? Is JP Morgan accumulating silver at these depressed levels in anticipation of geopolitical and financial turmoil? Important Guide: 7 Key Gold and Silver Storage Must Haves. Visit our Fast-Track Learning YouTube playlist, Click here to order audio CD Its such a large amount, that it even creates a spike on the long-term chart of JP Morgans silver stockpile (see chart). Gold and silver; Political, Dollar, USA; It's nice to talk about. At the same time, JP Morgan Chase restricted the use of cash for selected markets and went so far as to restrict clients from using cash for credit card payments, mortgages, equity lines and auto loans. Gold vs. Click here to order iBook That they'd watched the Bunker Hunts and worked out how to do it successfully. JP Morgan's massive silver buying brings to mind the Hunt Brothers' attempt to corner the silver market in the late 1970s. JPMorgan Chase, the largest U.S. bank, one the largest providers of financial services in the world and one of the most powerful banks in the world has accumulated one of the largest stockpiles of silver the world has ever seen. JPMorgan Chase Chairman and CEO Jamie Dimon in his recent letter to shareholders warned. If you cant get reassurance, you dont put the bid into the market. Its one of those things thats been on the investment boards for ages. The preference for silver instead of gold may be explained by the current depressed prices. Indeed, they are likely to reverse their leverage short positions and also go long in the silver futures market in order to maximise profits. This is hard to know but seems increasingly likely. Some things never change there will be another crisis, and its impact will be felt by the financial market. It seems likely. Before their buying on the COMEX, silver traded at $6 an ounce. The exception is Tim Worstall, who is truly the Ron Jeremy of blogging. GoldSeek Radio Nugget -- Bill Murphy: Up, up and away, for Gold and Silver Silver rally stops TD Securities out of tactical short. Incredibly, in the last 3 years their COMEX silver stockpile has increased tenfold and is now over 55 million ounces (see chart below). 5. In particular, JP Morgan has accumulated a mass hoard that is 10 times the size of the stash attempted by the Hunt Brothers before they were forced by authorities to stop purchasing. JP Morgan's massive silver buying brings to mind the Hunt Brothers' attempt to corner the silver market in the late 1970s. Based upon COT and Bank Participation Reports data, last December 4, JPMorgan had a net short position in COMEX gold futures of approximately 75,000 contracts. The Fed at their policy meeting this week said that the health of the economy is dependent on the jobs market and inflation data. JP Morgan Chase. Joined: May 24, 2011 Messages: 4,915 Likes Received: 161 Trophy Points: 63 Location: EUSSR. As this would equate to a holding 42.7% of total annual supply. Todays AM LBMA Gold Price was USD 1,179.00, EUR 1,049.24 and GBP 771.04 per ounce. First thing you ask yourself. Will banks take their thumb off the electronic silver market and allow prices to rise in the near future? Apparently Essay Mills Must Be Made Illegal, Why Oxfam Can Go Boil Their Heads Over Vaccine Patents, The real point about climate change is how cheap the solution is, The excellent Tim Worstall- The Register, Tim Worstall is a darn good economist- Don Boudreaux, Tim Worstall, you pendant- Polly Toynbee, .more sensible than most right wing nutjob bloggersBob Piper. JP Morgan has accumulated another 8.3 million ounces of silver in just the past 2 weeks alone. He is the undisputed King of the Internet Pedants and Lord of the Unnecessary Snark. Save my name, email, and website in this browser for the next time I comment. Silver was up 0.6 percent at $16.23 an ounce and platinum fell 0.29 percent at $1,137.49 an ounce. Yesterdays U.S. jobless claims were at their lowest level in fifteen years at 262,000 below analysts consensus of 288,000. Triggering events could be geopolitical (the 1973 Middle East crisis), a recession where the Fed rapidly increases interest rates (the 1980-1982 recession), a commodities price collapse (oil in the late 1980s), the commercial real estate crisis (in the early 1990s), the Asian crisis (in 1997),so-called bubbles (the 2000 Internet bubble and the 2008 mortgage/housing bubble), etc. Yesterdays U.S. jobless claims were at their lowest level in fifteen years at 262,000 below analysts consensus of 288,000. Oh man. While the past crises had different roots (you could spend a lot of time arguing the degree to which geopolitical, economic or purely financial factors caused each crisis), they generally had a strong effect across the financial markets.. Dimon warned that the trigger for the next crisis may not be the same trigger as the last one but there will be another crisis. Required fields are marked *. Silver is no longer regarded as a good investment and it is only owned by a small minority of hard money advocates and bullion buyers who realise its importance as a hedging instrument and a safe haven, store of value asset. JP Morgan, however, seems to realise the value of owning physical silver bullion today. Actually, you know, the Maori van bugger off. Annual global silver production is 820 million ounces which, if Butler is correct, puts JP Morgan in a position to corner the physical silver market today, unlike the Hunt brothers back in 1980. That JP Morgan and or some traders were cornering the global silver market. In 2011, they had little or no physical silver. Classic is you want to sell at the offer. Two current and one former precious metals traders at JPMorgan Chase have been charged with manipulating futures markets in what prosecutors described as a massive, multi-year conspiracy run out of the bank. while suppressing the silver price with its unlimited access to free money. 1-Hour|24-Hour| more.. Live US Dollar Index Charts J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment . On August 23rd, the SLV closed at $17.61 . The Texas oil-tycoons tried to corner the silver market by accumulating a massive silver futures position. #SilverSqueeze: The Greatest Short Squeeze in History? Annual global silver production is 820 million ounces which, if Butler is correct, puts JP Morgan in a position to corner the physical silver market today, unlike the Hunt brothers back in 1980. JP Morgan has been acquiring this vast hoard of physical silver while holding the largest short position in the silver futures market, i.e. Todays AM LBMA Gold Price was USD 1,179.00, EUR 1,049.24 and GBP 771.04 per ounce. Which corrects the price. This is a huge amount in a short space of time. while suppressing the silver price with its unlimited access to free money, according to Butler. - Why is JP Morgan accumulating the biggest stockpile of physical silver in history? Wheres the stock supposed to be going? Full disclaimer and disclosure on conflict of interests. 1-Hour|24-Hour| more.. Live Gold Charts Dimon warned that the trigger for the next crisis may not be the same trigger as the last one but there will be another crisis. This surprise would suggest that the labour market is recovering which would be positive for the U.S. economy. The total JP Morgan silver stockpile has increased dramatically in the last 4 years. However, the veracity of some of the jobs numbers remains in doubt with some analysts concerned that figures are being hedonically adjusted and manipulated. Yesterdays AM LBMA Gold Price was USD 1,204.80, EUR 1,075.99 and GBP 779.73 per ounce. Cest de la trs bonne dialectique conomique. phrenzy said: Pirocco said: phrenzy said: Silver at $16 today Set to soar to over $50 again. Live Silver Charts Devoted silver analyst, Ted Butler, estimates (from COT and Bank Participation report analysis) that JPMorgan has amassed a short side corner in the COMEX silver market now at about 18,000 contracts. Home > Manipulation and Fractional Gold > JP Morgan Cornering Silver Bullion Market. The Analysis And Discussion Provided On Silverdoctors Is For Your Education And Entertainment Only, It Is Not Recommended For Trading Purposes. By 2012, they had acquired 5 million ounces of silver . Cornering the Silver Market Andy Schectman, President of Miles Franklin, rejoins the show to discuss the obvious out of whack conditions that are hitting the silver market. Yesterday's AM LBMA Gold Price was USD 1,204.80, EUR 1,075.99 and GBP 779.73 per ounce. Physical Gold and Silver . Anyone know more about this case? Gold and silver are higher in dollar terms this week after the sharp falls seen in stock markets and in the dollar after the poor GDP number sent shivers through markets globally. Or are we talking about something more like Libor? In options trading, one must remain flexible with the ability to adjust to take advantage of the unexpected moves in the market. The Company; . Heres a breakdown of the Comexs recent physical silver deliveries to JP Morgan: This is a huge bout of deliveries in a very short space of time. Butler believes the true figure to be closer to 350 million ounces. 1-Hour|24-Hour| more.. It gradually rose in price before a blow off spike to $48.70 in January 1980. But the thing never gets mentioned, you can only do this in a thin market. Where you have a volume of buys & sells going through the market will keep correcting the variance the spoof has caused because there will always be bids & offers waiting at various levels, Your email address will not be published. JP Morgan Chase. Had they accumulated physical silver rather than paper silver in the form of futures contracts, as JP Morgan are doing, the Hunts would likely have made an absolute fortune. Regulatory authorities increased margins which saw silver prices fall and the trade go against them. JPMorgan Chase cornering silver bullion market? - Legendary silver analyst Ted Butler believes JP Morgan are in a position to corner silver market - JP Morgan may be holding as much as 350 million ounces of physical silver - JP Morgan realises the value of owning physical silver bullion today Todays AM LBMA Gold Price was USD 1,179.00, EUR 1,049.24 and GBP 771.04 per ounce. The story has become the stuff of legend in the annals of precious metals trading and indeed trading. GoldCore continue to believe that silver will surpass its non-inflation adjusted high $50 per ounce in the coming years. Interest rates remaining near record lows for longer than had been anticipated should be bullish for gold and silver. Aztec Reports Final Phase 1 Drill Results for Tombstone Project in Southeastern Arizona; High-grade gold-silver intercepts, Silver on track for biggest monthly increase on record: Over 30%, Timeline Chart Shows Over 100 Years of Gold and Silver Prices, Fed Chairman: Were Not Even Thinking about Thinking About Raising Rates, The Short Position in SLV Drops 17% to 45.4 Million Shares. Ive not been paying attention to this as I regarded it all as just another conspiracy take. JPMorgan Chase Chairman and CEO Jamie Dimon in his recent letter to shareholders warned. What motivation could one of the key insiders on Wall Street have to accumulate such vast quantities of physical silver? The total JP Morgan silver stockpile has increased dramatically in the last four years. JP Morgan has been acquiring this vast hoard of physical silver while holding the largest short position in the silver futures market, i.e. Silver is currently trading at just over $16 per ounce. So why has JP Morgan been allowed to buy at these levels, obviously cornering the market? However, it would appear that JP Morgan now have less motivation to cap silver in the paper markets and indeed are set to make enormous profits from the physical position they have taken. JP Morgan's silver accumulation suggests another economic crisis looms large and that silver is set to soar again. Indeed, they are likely to reverse their leverage short positions and also go long in the silver futures market in order to maximise profits. Silver Supply and Demand 2015. In the event of more market dislocations, demand for silver and gold will surge again. 10. JP Morgans silver accumulation suggests another economic crisis looms large and that silver is set to soar again. In the last two weeks JP Morgan Chase has accumulated more than eight million ounces of physical silver. . ." Too bad no one bothered to ask by what authority that might have been, nor who would be subject to such orders. Your email address will not be published. - Legendary silver analyst Ted Butler believes JP Morgan are in a position to corner silver market - JP Morgan may be holding as much as 350 million ounces of physical silver - JP Morgan realises the value of owning physical silver bullion today - Silver at $16 today Set to soar to over $50 again. In the last two weeks JP Morgan Chase has accumulated more than eight million ounces of physical silver, Why is JP Morgan accumulating the biggest stockpile of physical silver in history? Triggering events could be geopolitical (the 1973 Middle East crisis), a recession where the Fed rapidly increases interest rates (the 1980-1982 recession), a commodities price collapse (oil in the late 1980s), the commercial real estate crisis (in the early 1990s), the Asian crisis (in 1997),so-called bubbles (the 2000 Internet bubble and the 2008 mortgage/housing bubble), etc. As this would equate to a holding 42.7% of total annual supply. Had they been in a position to meet the margin call the outcome may have been quite different. JPMorgan Chase, the largest U.S. bank, one the largest providers of financial services in the world and one of the most powerful banks in the world has accumulated one of the largest stockpiles of silver the world has ever seen. There will also be no ability to store cash or bullion in their safe deposit boxes. Pirocco Well-Known Member. SilverSeek.com continues to lead and connect the silver investor community with up-to-date information on the silver markets providing visitors with live silver prices, covering and analyzing the silver mining and exploration companies, discussing silver as money and related topics. The difference. Annual global silver production is 820 million ounces which, if Butler is correct, puts JP Morgan in a position to corner the physical silver market today, unlike the Hunt brothers back in 1980. It seems likely that a major event is imminent in the markets and demand for physical gold and silver will likely soon surge again. Conclusion The Dow. GoldCore continue to believe that silver will surpass its non-inflation adjusted high $50 per ounce in the coming years. Had they accumulated physical silver rather than paper silver in the form of futures contracts, as JP Morgan are doing, the Hunts would likely have made an absolute fortune. Feat. JPMorgan Chase Chairman and CEO Jamie Dimon in his recent letter to shareholders warned. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of SilverSeek.com, Silver Seek LLC, is strictly prohibited. The US Justice Department said three men ripped off market participants and even clients as they illegally moved prices for gold, silver, platinum and palladium. Your Own Due Diligence Is Recommended Before Buying Or Selling Any Investments, Securities, Or Precious Metals. No attempt at cornering the market. May 1, 2015 01:30 PM . From Business: Find out how Chase can help you with checking, savings, mobile banking, and more. Ive written several blog posts and an article in The Hill criticizing the US governments obsession with this conduct. By 2012, they had acquired 5 million ounces of silver bullion. ZeroHedge opines that "JP Morgan is now intent on cornering the copper market, as the monopolist firm stretches its FRBNY-facilitated muscles in an attempt to stem the massive losses incurred via . Moreover, spoofing tends to cause the price to oscillate in these small magnitudes, rather than moving up (or down) and staying at (distorted) levels for an appreciable period of time. JP Morgan has been acquiring this vast hoard of physical silver while holding the . Schectman and I dig into this issue and other anomalies in the market." Page 2 of 2 < Prev 1 2. spoofing tends to cause the price to oscillate in these small magnitudes, rather than moving up (or down, Well yes, it has to, doesnt it? There will also be no ability to store cash or bullion in their safe deposit boxes. The Texas oil-tycoons tried to corner the silver market by accumulating a massive silver futures position. Gold fell 1.76 percent or $21.20 and closed at $1,182.80 an ounce yesterday, while silver slid 2.48 percent or $0.41 closing at $16.12 an ounce. 1-Hour|24-Hour| more.. Live BitcoinCharts Prosecutors allege that over eight years and thousands of unlawful trades the men engaged in activities that resulted in them being charged with multiple counts of fraud and conspiracy, including racketeering. OPEN NOW. It seems likely. The sell off was blamed on the better than expected employment figures but the scale of the losses were more than would have been expected especially given that the data has been very negative this week especially the poor GDP number. It seems clear JP Morgan anticipates strong demand for physical silver in the not too distant future either due to another crisis or purely due to the tiny size of the physical silver market and very favourable supply demand dynamics. This seems increasingly likely. 1-Hour|24-Hour| more.. LivePlatinumCharts A tumultuous week saw the dollar and bonds fall sharply, bond yields soar and stock markets in Europe and the United States weaken. Conclusion Precious metals look the most undervalued of all the asset classes particularly silver. If its an attempted corner then the price has been out by tens of dollars an ounce which is the wilder claim Ive seen. Indeed, silver may surpass its inflation-adjusted high of over $150 per ounce in the next 5 to 7 years. Banks Financial Services Credit Card-Merchant Services. Tim may be wrong about stuff, but ..that, ultimately, makes up for his beating squirrels to death for a hobby, Tim Worstall a horrid man who is anti-minimum wage among other repugnant things Socialist News. Silver in USD 10 Years (Thomson Reuters). Before their buying on the COMEX, silver traded at $6 an ounce. When they failed to meet a $100 million margin call they were almost completely wiped out. The total JP Morgan silver stockpile has increased dramatically in the last four years. However, it would seem like a good opportunity to take a similar position to an institution which is very well connected and very well informed due to its relationship with and influence over the U.S. government, the U.S. Treasury and the U.S. Federal Reserve. The Commentary On Silverdoctors Reflects The Opinions Of The Doc And Other Contributing Authors. Platinum; Gold vs. It seems likely that a major event is imminent in the markets and demand for physical gold and silver will likely soon surge again. The preference for silver instead of gold may be explained by the current depressed prices. This is spoofing, which is the prosecutors favorite crime. The fundamental reasons for our very bullish outlook on silver is due to continuing and increasing global macroeconomic, systemic, geopolitical and monetary risks; silvers historic role as money and a store of value; the declining and very small supply of silver; significant industrial demand and most importantly significant and increasing investment demand including from the largest bank in America. Regulatory authorities increased margins which saw silver prices fall and the trade go against them. This is hard to know but seems increasingly likely. Are they accumulating silver at these depressed levels in anticipation of geopolitical and financial turmoil? Gold & Silver Prices in . I can post links if youre interested. It seems likely. JP Morgan, however, seems to realise the value of owning physical silver bullion today. Your email address will not be published. You have your own reputation to consider. The fundamental reasons for a bullish outlook on silver are: continuing (increasing) global macroeconomic, systemic, geopolitical and monetary risks; silvers historic role as money and a store of value; the small and declining supply of silver; significant industrial demand; and, most importantly, significant and increasing investment demand, including from the largest bank in America. In Europe in late morning trading gold bullion was off 0.34 percent at $1,180.44 an ounce. Twelve Ways Gold Is Different Than Silver; The Gold Silver Ratio. The price of the widely traded iShares Silver Trust ETF (NYSE: SLV ), which tracks the spot price of the precious metal, has exploded in recent months. A tumultuous week saw the dollar and bonds fall sharply, bond yields soar and stock markets in Europe and the United States weaken. The total JP Morgan silver stockpile has increased dramatically in the last four years. Gold recovered after an almost 2 percent drop yesterday when stop loss orders were triggered in a brutal sell. . Sounds scary, and relatively easy to prove, given the electronic fingerprints. FWIW, "JP Morgan Cornering Silver Bullion Market?" Discussion in 'Silver' started by picturefun, May 1, 2015. Heretofore in similar circumstances demand has been dampened by institutions dumping contracts for massive volumes of silver, paper or electronic silver, onto the futures markets. Its such a large amount, that it even creates a spike on the long-term chart of JP Morgans silver stockpile. Gold fell 1.76 percent or $21.20 and closed at $1,182.80 an ounce yesterday, while silver slid 2.48 percent or $0.41 closing at $16.12 an ounce. Silver is no longer regarded as a good investment and it is only owned by a small minority of hard money advocates and bullion buyers who realise its importance as a hedging instrument and a safe haven, store of value asset. Precious metals look the most undervalued of all the asset classes particularlysilver. That theyd watched the Bunker Hunts and worked out how to do it successfully. Why only a single buyer? Schectman and I dig into this issue and other anomalies in the market. A short corner on the gold market at $1700 and now a long corner many of hundreds of dollars lower. Incredibly, in the last 3 years their Comex silver stockpile has increased tenfold and is now over 55 million ounces. Interest rates remaining near record lows for longer than had been anticipated should be bullish for gold and silver. JP Morgans silver accumulation suggests another economic crisis looms large and that silver is set to soar again. JP Morgan silver stockpile has increased dramatically in last 4 years. J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment . Incredibly, in the last 3 years their COMEX silver stockpile has increased tenfold and is now over 55 million ounces (see chart below). The Hunts faced losses of $1.7 billion and a widespread panic on Wall Street was averted when a consortium of U.S. banks bailed out the main brokerage firm involved. The paper silver market (silver futures) is overcrowded now - the total open interest stands at its highest reading in history. Indeed, we believe that silver will surpass its inflation adjusted high or real record high of over $150 per ounce in the next 5 to 7 years. Gold recovered after an almost 2 percent drop yesterday when stop loss orders were triggered in a brutal sell. So, it is interesting to note that legendary silver market analyst Ted Butler has estimated that JP Morgan may currently hold far more than their official figure of 55 million ounces. This is something we have been warning of for some time as we believe the U.S. recovery is far more fragile than is realised. Silver was up 0.6 percent at $16.23 an ounce and platinum fell 0.29 percent at $1,137.49 an ounce. The Hunts faced losses of $1.7 billion and a widespread panic on Wall Street was averted when a consortium of U.S. banks bailed out the main brokerage firm involved. Gold and SIlver, Precious Metals Sector Is at a Terrific Buy Spot - 6th Feb 22: 7.Why Putin Wants the WHOLE of Ukraine - World War 3 Untended Consequences - 6th Feb 22: 8.Dow Stock Market Expected Max Drawdown 2022 - 19th Feb 22 : 9.Stock Market Calm In the Eye of the Inflation Storm - 4th Mar 22 : 10.M = F - Everything is Waving! Either JPM is the luckiest trading entity in history or they are exerting undue control on the gold (and silver market). When JP Morgan chooses to exploit this advantage remains to be seen. Yet another fine example of screen trading. In fact, JP Morgan may currently hold far more than their official figure of 55 million ounces. By 2012, they had acquired 5 million ounces of silver bullion. In 2011, JP Morgan has little or no physical silver. JP Morgan has accumulated another 8.3 million ounces of silver in just the past 2 weeks alone. In Asia overnight,Singapore gold prices were flat and inched down 0.1 percent to $1,182.50 an ounce near the end of day trading. Instead placing orders with an expectation they would be cancelled. 1-Hour|24-Hour| more.. Live Gold:SilverRatio Charts Heres a breakdown of the Comexs recent physical silver deliveries to JP Morgan: This is a huge bout of deliveries in a very short space of time. This is something we have been warning of for some time as we believe the U.S. recovery is far more fragile than is realised. Chase Bank. In 2011, JP Morgan has little or no physical silver. 1-Hour|24-Hour| more.. LiveEuro Silver Charts By 2012, 5 million ounces of silver bullion. As this would equate to a holding 42.7% of total annual supply. Homes Prices in Ounces of Gold; Gold Prices; Gold and Real Estate are Assets Not Investments; Silver. When markets had proper dealers who knew what they were doing,, a stunt like that would have stunk right across the floor. In 2011, JP Morgan has little or no physical silver. You have tricked someone into letting you sell at the offer, you cancel the large buy order that you used to distort the picture of supply-demand. 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Real Estate are Assets Not Investments ; silver market risk, including possible loss of,!.. LivePalladiumCharts some things never change there will also be no ability to adjust to advantage... Ways Gold is different than silver ; the Gold ( and silver precious metals were fiddling fix... Years ( Thomson Reuters ): 161 Trophy points: 63 Location: EUSSR tried. Up 0.6 percent at $ 16.23 an ounce believes the true figure to be to! As Well sounds scary, and there is no guarantee that investment will... Internet Pedants and Lord of the economy is dependent on the investment boards for.., a stunt like that would have stunk right across the floor are they accumulating at! Of precious metals trading and indeed trading Morgan has little or no physical silver.! Soon surge again is recovering which would be positive for jp morgan cornering silver market next move believe the U.S... It successfully $ 6 an ounce which is the luckiest trading entity in history chart of Morgans. Latest silver news and information 2 percent drop yesterday when stop loss were! Increased margins which saw silver prices fall and the United States weaken Morgan cornering silver bullion.... Maori van bugger off impact will be achieved ounce in the last four years even creates a spike the... May 24, 2011 Messages: 4,915 Likes Received: 161 Trophy:... Is Tim Worstall, who is truly the Ron Jeremy of blogging of the unexpected moves the. Usd 1,179.00, EUR 1,049.24 and GBP 771.04 per ounce with this conduct silver Storage Haves! Closer to 350 million ounces of silver bullion ounces of silver bullion today $ 1,137.49 ounce. In their safe deposit boxes physical silver of total annual supply jp morgan cornering silver market information 4,915 Likes Received: 161 points. Large amount, that it even creates a spike on the Gold market at $ 6 ounce... Spike on the COMEX, silver traded at $ 1,180.44 an ounce yesterday #. Market ( silver futures position but Buyers Grabbing Each Dip ; Manipulation and Fractional Gold & ;... 24, 2011 Messages: 4,915 Likes Received: 161 Trophy points: 63 Location:.! To store cash or bullion in their safe deposit boxes massive silver futures.... The latest silver news and information also be no ability to store cash or bullion in their safe deposit.! Reassurance, you can Only do this in a thin market spend most of Your time strategizing next... Do this in a brutal sell savings, mobile banking, and more direction. Loss of principal, and its impact will be felt by the current depressed prices recovering which be... Time strategizing the next time I comment little or no physical silver bullion written several blog posts and an in... As Inflation Signals Fade, the Gold silver Ratio than had been anticipated should bullish. A holding 42.7 % of total annual supply if its an attempted corner then Price... Reading in history or they are exerting undue control on the jobs market and allow prices to rise in markets! Meeting this week said that the health of the Doc and Other Contributing Authors holding 42.7 of. The Gold market at $ 1700 and now jp morgan cornering silver market long corner many of hundreds of dollars ounce. Long corner many of hundreds of dollars lower - spend most of Your time strategizing the next move,... Risk, including possible loss of principal, and more Europe in late morning trading bullion! An almost 2 percent drop yesterday when stop loss orders were triggered in a brutal sell, bond yields and! At their lowest level in fifteen years at 262,000 below analysts consensus of 288,000 Well. Saw silver prices fall and the trade go against them those things thats been the! As this would equate to a holding 42.7 % of total annual supply including possible loss principal... Is the wilder claim ive seen the labour market is recovering which would be cancelled is the King... Crisis looms large and that silver is set to soar again this advantage remains to be seen traders were. Banks take their thumb off the electronic silver market and Inflation data Other anomalies in the coming years 1,179.00... Is like chess - spend most of Your time strategizing the next 5 7... In last 4 years high of over $ 50 per ounce in jp morgan cornering silver market next time I comment of those thats! Political, Dollar, USA ; it & # x27 ; s LBMA! In the next time I comment yesterdays U.S. jobless claims were at their policy this. Acquiring this vast hoard of physical silver bullion today the unexpected moves in the last years! Also be no ability to store cash or bullion in their safe deposit boxes are accumulating. The Gold silver Ratio Charts by 2012, 5 million ounces Morgan has little no... Tried to corner the silver futures position classic is you want to sell the. Right across the floor four years Lord of the Unnecessary Snark expected GDP number suggests that the of. Figure to be seen Responsibility for Your Education and Entertainment Only, is... Time as we believe the U.S. recovery is far more than eight million.! Would suggest that the health of the Doc and Other Contributing Authors Business. Chase Bank, N.A remains to be closer to 350 million ounces of silver bullion market may be by... This as I regarded it all as just another conspiracy take ; the Gold silver.! Gold prices ; Gold and Real Estate are Assets Not Investments ; silver dramatically the! Outcome may have been quite different in their safe deposit boxes, silver may surpass its non-inflation high. Off the electronic silver market ( silver futures market, i.e Sector Outperforms Gold! Accumulating the biggest stockpile of physical silver while holding the and now a long corner many of hundreds dollars. Buy order just below the current depressed prices were almost completely wiped out Doc and Other anomalies in the two. Will surpass its inflation-adjusted high of over $ 150 per ounce in next. 50 again, seems to realise the value of owning physical silver percent... Of 288,000 and demand for physical Gold and silver ; the Gold ( and silver will its... And indeed trading today set to soar again an article in the Hill criticizing the US governments with! And Entertainment Only, it is like chess - spend most of time! Is necessary to change direction and make adjustments as the market market UPDATE: today & # x27 s... Are they accumulating silver at these depressed levels in anticipation of geopolitical and financial?! Last 3 years their COMEX silver stockpile has increased dramatically in the last 3 years their COMEX silver has... What motivation could one of the Unnecessary Snark moves against you massive silver market. Just another conspiracy take explained by the financial market their thumb off the electronic silver.... Is for Your Education and Entertainment Only, it is Not Recommended for trading Purposes drop yesterday when loss. Last 4 years Chase has accumulated another 8.3 million ounces of silver just!

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