My competitive nature combined with an excitable ego can cause me to get caught up in the moment at times.
All good. I tend to be the same.
I have heard claims about JPM's inventory but can't find reliable data, if that's even possible.
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That JPM would increase their silver inventories to have the ability to increase his short positions on the Comex, if 'they' were indeed manipulating the market long-term:
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It's not too far fetched to think that these banks would or could suppress the price of silver long term.
I cannot find one bit of solid evidence that they have suppressed the price of silver on a long term basis, but there is a whole lot of dots that connect the narrative together.
Whats your thoughts on this?
Is price suppression possible? I believe so.
Is it likely?
I believe so. I also believe it's suppressed, along with gold, to distract the public from what real money is and to shine the light away from the devaluation of the Dollar (and other world currencies). All to keep this global fiat monetary experiment going.
Over the years I have read hundreds of articles on manipulation, JPM, long-term price suppression, COMEX etc.
Their are a few commonalities that come up over and over again:
Firstly, one common theme is that they are all based on trying to "connect the dots", rather than fact - and all lack solid evidence or data to support their accusations. Problem is, a lot of the "facts" their theories are based on are total BS, as pointed out in the discussion above. Especially regarding the workings of COMEX, where claims to support their argument are obviously fabricated. This makes their argument less than plausible from the start.
Secondly, all the accusers are required to conflate JPM with JPM-clients. That is, they conveniently disregard the fact that the majority (if not all) of JPM's physical silver inventory is client owned, and has that ownership individually attached to it. It is necessary to pretend that all the client holdings, and JPM, are one and the same - otherwise they have no basis to paint the picture of JPM being a criminal enterprise, and their suppression theory falls apart. The fact that JPM cannot freely use client holdings to secure limitless naked short positions on the open market is also conveniently ignored. Now, if you were to assume hypothetically that the vault inventories were actually owned by JPM, there are a lot of contradictions between the sinister theories and how markets actually work - why would JPM be hoarding an asset that they are working to suppress the price of? This would be a loss-making exercise, tie up a lot of working capital for bugger-all return, hurt clients, and not in-line with what investment banks actually aim to do. Also, hoarding physical would work to reduce supply, and act against their price suppression objectives. None of it makes sense.
Lastly, the permabulls producing these fabricated articles all claim to be fighting-the-manipulation-fight on
moral grounds. They claim to be taking the moral high-ground against the criminal institutions and governments for the good of the world's population. Apparently, the above-ground world physical silver stocks are 79,000 mt (2.5 billion oz's) as stated by the World Silver Survey. The world population is about 7.7 billion.
Distributed evenly across this population, each individual holding would equal about 1/3 oz. These numbers make it fairly clear what the underlying motive is behind "the fight", and it would definitely hurt the majority of the world's population, far from helping them. These moral-warriors are the same people building up significant stacks of physical on the claimed basis of merely "preserving wealth", then whining like bitches that price hasn't yet "gone-to-da-moon". I would suggest these are just another group of minority activists - virtue signallers with a clear, self-centred agenda, using typical BS left-wing tactics to make a fabricated David/Goliath argument for their own gain, with total disregard for the common-good. They seem to have convinced some of the unwitting, and established a small group of disciples who chant the same chant, and continue to do so to protect their butt-hurt egos given the missed opportunities of having had capital tied up in silver for a number of years.
Anyway, that is my opinion.
You may be wondering why the fk I am part of this forum?
Given my background, I love metals. I use my phys stack as a platform to trade the paper market to make real returns. I have done well out of physical gold, and it is a nice way to keep out of the prying eyes of the ATO.
Cheers
