Not that I want to be guided or inspired by the likes of J.P. Morgan but it is very reassuring to have my stacking strategy validated by such news.
imo, I wouldn't be too confident unless you know their game. this is poker ----------------- all you are seeing is them holding cards ---------------- we don't know what the cards are. I like silver too, don't get me wrong --------------------------------------- I just don't trust the buggers. gazza
Seriously chaps? according to his website - My name is Johnny Silver Bear. Well, that's my adopted indian name. One of my great-grandmothers, on my dad's side, was a full blood Cherokee indian. :lol: :lol: :lol: :lol: - who was friends with a dog who had three legs and was mated with a half sheep/goat (knowns as a sheoat) which rowed across the Delaware on Washingtons boat during the American civil war, after building the great wall of China etc etc :lol: Just maybe, he should have used his real name and it may have had a little more truth eh ? ! Kenny Parsons 1725 Goliad Garland, TX 75042 USA
Remember old story told by Cherokee about masked man's faithful companion Toronto. One day masked avenger see smoke from many moons away and think, this must be signal. He ask Toronto "what smoke mean?" Toronto gaze into distance and say, Hmmm, is signal Kimosabe, smoke come from home village. Smoke say "Help help, come quick, bring water, teepee on fire!!!! :lol:
Activity Date: 12/15/2011 COMBINED TOTAL 111.149.469 866.020 36.444 829.576 0 111.979.045 Activity Date: 12/14/2012 COMBINED TOTAL 147.520.555.042 0.000 6.034.020 -6.034.020 0.000 147.514.521.022 Activity Date: 12/16/2013 COMBINED TOTAL 171.399.201.294 1.133.903.890 791.284.270 342.619.620 0.000 171.741.820.914 Activity Date: 2/3/2014 COMBINED TOTAL 179.297.067.192 18.076.100 2.045.640 16.030.460 0.000 179.313.097.652 And then our for-more-silver-ment dollars/euro's are moved to their excess reserves balance at the central bank, awaiting their destruction. Sir No inflation Sir. Btw, this is about a couple hundred Moz, and an annual world supply/demand is 1000 Moz, so it's not... that much. Their gold part of the story is..much uglier, banks hold gold stocks that are 10 annual world supply/demand years. But, funny enough, some judge that the exact opposite way as silver: a good thing, haha.
Can someone elxplain what this actually means in laymans terms please? I don't understand all the financial speak, or the implications of this. Thanks
Inflation is blowing up. Reserves are things not directly needed. Excess is extra things not directly needed. What is more layman than layman?
Or jp morgan is stashing silver to have a huge sell off when silver rises to bring it down..(no way they would ever do that a couple more times :0 ) and shut up all the 'i cant get delivery of my physical silver from my paper!" Complainers. Alot of shit was had when people started asking for physical a few years back and i dont think they want that to happen again
It's hard to know where the truth is. J P M has all the silver yet there's a silver shortage. Either they don't have it and there's a silver shortage, or they do have it which caused the silver shortage, or they do have it and there's no silver shortage. When this plays out, we'll look back at some of the old threads and wonder why we didn't see the forest for the trees.
JP's plam may well be to buy silver in the $20 range, keep the price of gold down, bring the price of silver up so that the GSR is around 40 to 1. then swap for gold.. Now that would be clever wouldn't. I think some SS members here will do the same. Regards Errol 43
i think when the price is really high(because they'll make it high) they will have loads of it ready to sell and now they are accumulating at low prices. Kind of like what happened with goldman sachs a couple of years ago with aluminium they were hoarding and you saw aluminium shooting up in price; they had warehouses full of the stuff.
Yesterday I bought 6 kilo silver coins from a (now ex?) stacker. And 5 kilo coins from a dealer. Shortage?
