GATA Chairman: JPM Has RUN OUT of Physical Silver

Discussion in 'Silver' started by Golden78, Jul 21, 2014.

  1. Golden78

    Golden78 New Member

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    GATA Chairman Bill Murphy joins The Doc & Eric Dubin on this week's show to discuss:

    1. Why Murphy believes JPMorgan accumulated vast stores of PHYSICAL SILVER into the 2011 top while shorting the paper market, and has used the physical stockpiles to smash silver lower over the past 3 years- resulting in a paper fortune for JPM, but that the market action over the past 2 months indicates JPM has RUN OUT OF PHYSICAL SILVER to manipulate prices down!

    2. Gold & silver's trading in the wake of the MH17 tragedy- Murphy explains why the cartel never allow the PMs to hold their gains from an international crisis

    3. Big money responds to early week take-down of gold & silver with massive physical buying- signs we may be in the early stages of a massive sustained run for the metals

    4. The GATA Chairman provides his current outlook for gold & silver, and states that the next rally will see the most volatile and explosive moves to the upside for gold & silver of the entire bull market!

    The video below if anyone like the Silver Doctors.

    Video was here: http://forums.goldsilverstackers.com/viewtopic.php?f=16&t=38

    Any thoughts on Bill Murphy? I find the guy a little annoying but he does speak some good truths from time to time.
     
    Golden78, Jul 21, 2014
    #1
  2. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Back in February it was claimed JPMorgan were holding the largest position in physical silver in recorded history. See: http://goldsilverworlds.com/physica...highest-amount-of-physical-silver-in-history/

    If it is true, and if they have been dumping over the last couple of months and have now run out of physical silver, then that would be very interesting indeed.

    But do any of these claims have independent, corroborating evidence?
     
    SpacePete, Jul 21, 2014
    #2
  3. Cheepo

    Cheepo New Member

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    So in other words they sold all their silver when the price was lowest? JP Morgan? The guys who manipulate all the markets? Right.
     
    Cheepo, Jul 21, 2014
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  4. tolly_67

    tolly_67 Well-Known Member

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    They obviously picked the market correctly....no one else wants the stuff either at the moment....
     
    tolly_67, Jul 21, 2014
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  5. AGmagic

    AGmagic New Member

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    So I guess this means silvers price will skyrocket to 5000$ an oz?
     
    AGmagic, Jul 21, 2014
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  6. tolly_67

    tolly_67 Well-Known Member

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    It could be a reasonable sign that the bottom is near...maybe not yet but soon
     
    tolly_67, Jul 21, 2014
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  7. willrocks

    willrocks Well-Known Member Silver Stacker

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    Every few months there's some silver conspiracy story.

    Last week it was "Mexico to Monetize Silver". Now they've run out of physical ... how many times have we heard that one?
     
    willrocks, Jul 21, 2014
    #7
  8. tolly_67

    tolly_67 Well-Known Member

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    Exactly...and where have all these stories led the silver price....nowhere.
     
    tolly_67, Jul 21, 2014
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  9. silverbulldog

    silverbulldog New Member

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    You guys are right about a lot of stories coming out and nothing happening...however at some point there will be a spike.

    could be tomorrow, next week, next month, next year, or in 5 years...but it will happen.

    I will be licking my chops and making investments in other companies with some of the profits..or I will just buy more coins...probably the latter
     
    silverbulldog, Jul 21, 2014
    #9
  10. tolly_67

    tolly_67 Well-Known Member

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    You do not want the spike too early.
    If you reference the gold run of the 70's, you will see that the time it took from its initial peak to the lowest pullback took about the same time as it took to get from the pullback and back up to the same point. After that it took many more years for the spike to occur.
    This is exactly the kind of build up you need to get absolutely maximum price.
    If gold bottoms next year then it will take 4 years to get back to the $1900 and then another 4 or 5 years to max out....$8000 to $10,000.
    It is just a cycle and silver will move along with it.
    This is the scenario you should wish for....not the big spike next week......those are unsustainable.
    Remember, it is the prolonged build up which is the most important....
     
    tolly_67, Jul 21, 2014
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  11. Ouch

    Ouch Active Member

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    Ouch, Jul 22, 2014
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  12. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Well that smashes yet another conspiracy theory.
     
    SpacePete, Jul 22, 2014
    #12
  13. Aureus

    Aureus Active Member Silver Stacker

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    Bill Murphy is a hack with the debating skills of a 5 year old kid.
    GATA is a joke, don't pay any attention to them.
     
    Aureus, Jul 22, 2014
    #13
  14. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    GATA? *sigh* :rolleyes:
     
    Roswell Crash Survivor, Jul 22, 2014
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  15. mrearthman

    mrearthman New Member

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    These stories are good for entertainment but not much else. Silver's at near three or so year lows and that's a good enough reason to pick some up around these prices if it suits your investment strategy. No need for all the sensationalist stories and conspiracy theories these mobs come up with imo.
     
    mrearthman, Jul 22, 2014
    #15
  16. mrearthman

    mrearthman New Member

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    Though I guess that's just borring though haha.
     
    mrearthman, Jul 22, 2014
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  17. SweetBread

    SweetBread Member

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    I love a good story, if it has pictures and graphs even better.
     
    SweetBread, Jul 23, 2014
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  18. systematic

    systematic Well-Known Member

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    Physical or not we are still slaves to spot ...
     
    systematic, Jul 23, 2014
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  19. Mr Medved

    Mr Medved Member

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    Even if GATA was right about this, has anything GATA ever said been reflected in movements in metal prices? I can't recall any... boy who cried wolf and all that.
     
    Mr Medved, Jul 24, 2014
    #19
  20. Pirocco

    Pirocco Well-Known Member

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    Activity Date: 7/22/2014
    JP MORGAN CHASE BANK NA
    Registered 8.728.982.169 0.000 0.000 0.000 0.000 8.728.982.169
    Eligible 36.007.654.461 0.000 0.000 0.000 0.000 36.007.654.461
    Total 44.736.636.630 0.000 0.000 0.000 0.000 44.736.636.630
    ALL DEPOSITORIES INCLUDING JPMORGAN:
    TOTAL REGISTERED 58.148.172.104 0.000 0.000 0.000 0.000 58.148.172.104
    TOTAL ELIGIBLE 118.414.318.376 300.006.140 604.652.710 -304.646.570 0.000 118.109.671.806
    COMBINED TOTAL 176.562.490.480 300.006.140 604.652.710 -304.646.570 0.000 176.257.843.910

    Activity Date: 2/4/2014
    JP MORGAN CHASE BANK NA
    Registered 8.754.908.139 0.000 0.000 0.000 0.000 8.754.908.139
    Eligible 36.283.959.978 0.000 0.000 0.000 0.000 36.283.959.978
    Total 45.038.868.117 0.000 0.000 0.000 0.000 45.038.868.117
    ALL DEPOSITORIES INCLUDING JPMORGAN:
    TOTAL REGISTERED 51.236.721.081 0.000 0.000 0.000 0.000 51.236.721.081
    TOTAL ELIGIBLE 128.076.376.571 420.032.110 583.455.900 -163.423.790 0.000 127.912.952.781
    COMBINED TOTAL 179.313.097.652 420.032.110 583.455.900 -163.423.790 0.000 179.149.673.862

    Activity Date: 12/15/2011
    JP MORGAN CHASE BANK NA
    Registered 1.319.818 0 0 0 0 1.319.818
    Eligible 2.038.131 0 0 0 0 2.038.131
    Total 3.357.949 0 0 0 0 3.357.949
    ALL DEPOSITORIES INCLUDING JPMORGAN:
    TOTAL REGISTERED 33.550.775 592.718 0 592.718 -59.453 34.084.040
    TOTAL ELIGIBLE 77.598.694 273.302 36.444 236.858 59.453 77.895.005
    COMBINED TOTAL 111.149.469 866.020 36.444 829.576 0 111.979.045

    Btw: the last 3 digits in the 2014 figures are 1/1000 ounces. Back in 2011 the accuracy was 1 ounce.
     
    Pirocco, Jul 24, 2014
    #20

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