JP Morgan stacking physical silver, and manipulating the silver market.

Discussion in 'Silver' started by Vw1972, Sep 9, 2019.

  1. Vw1972

    Vw1972 New Member

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    JP Morgan has allegedly been buying physical silver and are now the Worlds biggets owner of physical silver. It is hard to find out exatly how much the have, because the ammount varies depending on what website you are reading. It appears nobody really knows how much silver JP Morgan actually has stored, but we can asume it is alot.

    Further more we can read that JP Morgan, while buying psysical silver at the same time has shortet and manipulated silverfutures/contracts to drive the Price down.
    That makes sence, that JP Morgan has shortet the papersilver Price down, so the can buy physical silver at low prices.

    But now my question, if this is such an openly public known thing, why Arent the police doing something about it?
    We know for at fact that the silverprice hasd been manipulated down, when we see suddenly millions of silvercontracts beeing dumped into the market. The reason for this can only be to push the Price down, otherwise you would sell your silvercontracts in small portions over days, to keep the Price from dropping, so you can make the most Money, like any other normal investor would do.

    And now the Next question: What is JP Morgans strategy? Are they stacking physical silver in order to acumulate Cash to better be able to face the NexT finansial crisis, such as the new Laws require all banks to do after the last crisis in 2007/8?

    Or is it a purly speculative move, where they short the prices down whilpe buying cheap physical silver. And when they have enough, they end their short positions and let the prices rise so they can sell their physical silver?

    If they are speculating to make Money, we can asume that its just at matter of time before they will let the silverprice loose and let it rise?
     
  2. Drongo

    Drongo New Member

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    They acquired Bear sterns silver position back in 2008 if my memory serves me correct;

    https://goldsilver.com/blog/why-the-collapse-of-bear-stearns-changed-the-silver-market-forever/
     
    Last edited: Sep 9, 2019
  3. alor

    alor Well-Known Member Silver Stacker

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    they must be acting for their 2 biggest customers
    Treasuries on strong dollar policy - done through unloading paper futures as fast as possible
    Foreign client, buying physical as much as possibly can get
     
  4. Vw1972

    Vw1972 New Member

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    So does that mean that because JP Morgan took over Bear Stearns silver short position, JP was forced to start buying silver if they wanted to close the short position?

    When you short something you lend a asset to someone who sell it, driving the Price Down. Then when you want to close the short position you have to buy back the asset, at a lower cost and therefore you make money on the difference.
     
  5. Drongo

    Drongo New Member

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    yes thats right. Who knows however, when JP covered its short position that it inherited, 2 billion could've easily been covered by JP at the time. If you look at the price of silver from mid 2008 until late 2008 price was in decline and there was ample opportunity to close those position at a profit after which they continued to stockpile physical. no one really knows what they're up to. perhaps its nothing more then to keep a firm cap on the price of silver while accumulating.
     
  6. SilverDJ

    SilverDJ Well-Known Member

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    If it's that then why do they need to stack physical silver to achieve that?
     
  7. Drongo

    Drongo New Member

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    its a mystery wrapped in an enigma, it always has been, the most obvious answer is price manipulation and hoarding in an effort to corner the market, but the SEC will never wrap them over the knuckles for that, to be sure, they've been doing it for near on a decade.
     
  8. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    JP Morgan must also cover the naked shorts Bear Stearns also had up to its neck too when it went under.
     
  9. Drongo

    Drongo New Member

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    Hunt Brothers ------> Manipulative no good traders
    JP Morgan ----------> Bastions of integrity
     
  10. 66rounds

    66rounds Well-Known Member Silver Stacker

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  11. Jason1

    Jason1 Active Member

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    "JP Morgan has allegedly been buying physical silver and are now the Worlds biggets owner of physical silver."

    this is like really really old news. Would have thought every one would have known this along time ago.
    Its been well known for along time they were going short to buy silver cheap. least a couple of years now, thats why allot of people have been waiting for them to change position.,
    And its starting to happen.
     
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  12. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    Yes it's old news. But you explain to the world why?
     
  13. Jason1

    Jason1 Active Member

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    Greed and they can get away with doing it is why. Its Wallstreet after all, Like they give a F---
     
  14. 66rounds

    66rounds Well-Known Member Silver Stacker

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    The real question is whether they are acting for themselves or on behalf of a state such as China.
    If on behalf of themselves, we can expect they may be unwinding their position.
    If on behalf of China, its likely they will continue to suppress the price and continue stacking physical for the time being.
     
  15. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    Yes, when you hoard the biggest stash of physical silver ever you can control it's price ever which way. And yes Greed is it's Driver
     
  16. Jason1

    Jason1 Active Member

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    I think the only loyalty these pricks in the US markets have is to their own pockets. I dont think there is much more to it than those guys at the top being able to fill their wallets with more money.
    I dont think they will be buying much more, its getting clear that they are changing positions, more likely they will watch silver go ape shit for a little while so when every one gets Tulip fever and starts buying in high, they then do a massive dump, make allot of money but the flip side is flood the market, then they short the shit out of it again and make money on the way down. they have enough to make it sky rocket and they have enough to make it crash.

    which Is why we should be very wary. they just doing what we saw with bitcoin when every one got FOMO and paid to much for it. then the big guys did a dump and run
     
    Last edited: Sep 9, 2019
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  17. Drongo

    Drongo New Member

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    I tend to agree, I don't think they would do this out of charity for an overseas potentially hostile adversary. Its for profit, so that means at some point they will take the brakes off silver, which could be what we're witnessing currently, time will tell I guess.
     
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  18. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I guess in short term we must wait and see where they are moving the market. If it sits here for a while i may just buy back in as I sold all my silver at $27 an ounce. They can definitely push it higher than that.
     
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  19. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    JPM are either buying silver and holding it for someone else, or they are lying about about holding it in their own name.

    Basis for the statement, their latest financials (worth a read) show no holdings of silver or gold in their Balance Sheet or accompanying notes.

    So either they are buying and holding for a third party (thus don't have to disclose) or they are lying about holding it or have engineered a way to hide it away from financial disclosure....5 gets ya 10....we'll never know.
     
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  20. Jason1

    Jason1 Active Member

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    dont buy in to high, because thats what they rely on, people getting fomo and helping them push that price up right at the tail end, Then watch how quick they short the shit out of it right before they dump their massive stock pile. So if your going long term Id be very wary paying to much, it could be a very expensive stack your left with.
    Short term well you might be better off playing with paper silver if your wanting to cash in on this market manipulation, so you can sell it at the drop of a hat, just make sure you sell at the right time. It wont be long lived. but Id say it will go big quick and go down quicker.
    It would be very hard to know when its best to bail, unless your one of the very lucky few who are in on it. the rest of us a Just who they make the money from when we take a guess and lose.

    some of the Newbies around here who werent stacking prior to 2011, will make the mistake of getting FOMO. its very rare something rises stupidly fast and stays there for very long.
     
    Last edited: Sep 9, 2019
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