GATA Chairman: JPM Has RUN OUT of Physical Silver

G

Golden78

New Member
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.
 
So in other words they sold all their silver when the price was lowest? JP Morgan? The guys who manipulate all the markets? Right.
 
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?
 
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
 
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....
 
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.
 
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.
 
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.
 
Cheepo said:
So in other words they sold all their silver when the price was lowest? JP Morgan? The guys who manipulate all the markets? Right.
Click to expand...
February 4, 2014

Butler's calculations show that JPMorgan (JPM) has piled up the largest holding of physical silver in modern world. Since the silver price peak in May 2011, the bank has accumulated between 100 and 200 million ounces of physical silver (if not more). The equivalent in metric tonnes is between 3,110 and 6,220 tonnes.
Click to expand...
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.
 
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