JP Morgan is Accumulating The Biggest Stockpile Of Silver In History

because they now have to deliver physical to their handlers in the east ?
 
JP Morgan is a bullion bank, that serves as counterparty for (ex-)owners (including governments and mines) that trade.
JP Morgan is a swap dealer, which acts in behalf of (ex-)owners that trade.
JP Morgan is a custodian, which stores for owners.

JP Morgans activity on the silver market, is nothing but a mirror on an underlying market.
At any price, every seller requires a buyer and vice versa.
Looking at JP Morgans trading activities and stock, is looking at (a part of) what people on the market generally do, and if its stock grows, regardless price, then that means more selling by mines/recyclers/whoevers stockpile/stack selling, and/or less demand from industrials/whoevers stockpile/stack buying.

JP Morgans stock reported on http://www.cmegroup.com/delivery_reports/Silver_stocks.xls
is also just a part of a story that is bigger, the 6 Commodity Exchange warehouses hold now 175 Moz silver, JP Morgans share is 1/3.
For what it matters, JP Morgan does just the same on the silver market as on the dollar market: a bank accepts dollars from people that want someone to store>lend it out for them, regardless the dollars value relative to other values. It's a guaranteed counterparty. A buyer or seller that does what its customers want it to do, and it locks in its profit/hedges itself in any way, not only on the silver market, but cross-markets.
 
Over the past few years, JP Morgan has been voraciously buying up physical silver because JPM is the anti-christ and the end times are upon us.
 
JP Morgan is one of the State-side banks that try to inflict speculators losses along the precious metal markets.
State's central banks sell low and buy high, to and from these systemic banks / lbma members.
JP Morgan is anti-christ nor doomsdaypredictor, it's just a bunch lazy butts that fill their pockets in State-legal ways, and return the dollarsavings that they chewed out speculators back to State / central banks disguised as legal fines for "market rigging" etc, with that 'past few years' being a phase of the whole of this story.
This all aside, the subject is that that reported "stockpile" is not (fully?) JP Morgans property, just like a cloakroom in a cinema doesn't own the coats.
 
^^^
wtf ..... "State's central banks sell low and buy high" ...... really ?
ffs, how does that work ?
 
raven said:
^^^
wtf ..... "State's central banks sell low and buy high" ...... really ?
Click to expand...
As "really" as the data published by themselves, Thomson Reuters, World Gold Council, IMF, and also outlined in a number of historical articles in books, on wiki's, and dedicated information sources.
There is a topic showing the data, and derived conclusions / theories: http://forums.silverstackers.com/topic-56012-who-are-central-banks-gold-trading-partners.html
It's all freely available data, and some of it is quite repeatedly mentioned, for ex that central banks became net buyers of gold a few years ago, when the price was historically high, just like they were net sellers of gold the decade earlier, when the price was historically low (around the millennium step).
raven said:
ffs, how does that work ?
Click to expand...
Just like all (big) sales and (big) purchases.
Central bank informs a guaranteed (always willing) counterparty (actually not 'counter', more like buddy) bullion bank of willingness to buy, or sell, X tonnes. Expected something special?
 
^^^^^^^^^
you, Sir, are a shoe-shine merchant !
regurgetating someone else's data to make no sense what so ever.
no wonder precious metals make you learn the hard way !
all the best to you.
 
raven said:
^^^^^^^^^
you, Sir, are a shoe-shine merchant !
regurgetating someone else's data to make no sense what so ever.
no wonder precious metals make you learn the hard way !
all the best to you.
Click to expand...
How does one know how many shoes a shop sells over a period?
By looking at the sales figures.
Dito for gold, silver, ... any product, any way, soft and hard !
All the best to you too.
 
raven said:
^^^^^^^^^
you, Sir, are a shoe-shine merchant !
regurgetating someone else's data to make no sense what so ever.
no wonder precious metals make you learn the hard way !
all the best to you.
Click to expand...

Haha, I actually suspect he/it is a 'bot'.
You know,? like that spam you get as a 'wall-of-text' which you start reading and then realise it doesn't make any sense because its just a collection of english phrases that have been cut and pasted from various sources :)
 
Clawhammer said:
Haha, I actually suspect he/it is a 'bot'.
You know,? like that spam you get as a 'wall-of-text' which you start reading and then realise it doesn't make any sense because its just a collection of english phrases that have been cut and pasted from various sources :)
Click to expand...
Haha, your post is The Smallest Stockpile Of Arguments In History :)
 
Pirocco said:
Clawhammer said:
Haha, I actually suspect he/it is a 'bot'.
You know,? like that spam you get as a 'wall-of-text' which you start reading and then realise it doesn't make any sense because its just a collection of english phrases that have been cut and pasted from various sources :)
Click to expand...
Haha, your post is The Smallest Stockpile Of Arguments In History :)
Click to expand...

See, even that doesn't make any sense! :/
 
This is the article the guy is refering to:
http://thewealthwatchman.com/why-is-this-bank-stockpiling-silver-like-theres-no-tomorrow/

From the article:

If silver was destined to go back to years of further losses, then why would the world's biggest "insider" continue to acquire a sure loser at such "high prices"?

Perhaps it's because they know that the system (the real source of profit) is not long for this world. Recently, in a communication to JP Morgan's shareholders, Jamie Dimon personally expressed that he felt it likely that there will be a future crash "in the world's most liquid instruments" (i.e. Fiat Currency)

JP Morgan understands that the next time silver's short supply reaches critical levels, it will be in the midst of the greatest financial crisis that any living person will have witnessed.

This renewed stacking in silver by this financial behemoth is a reminder that silver is of the utmost importance to the powers that be.
 
Ouija said:
This is the article the guy is refering to:
http://thewealthwatchman.com/why-is-this-bank-stockpiling-silver-like-theres-no-tomorrow/

From the article:

If silver was destined to go back to years of further losses, then why would the world's biggest "insider" continue to acquire a sure loser at such "high prices"?

Perhaps it's because they know that the system (the real source of profit) is not long for this world. Recently, in a communication to JP Morgan's shareholders, Jamie Dimon personally expressed that he felt it likely that there will be a future crash "in the world's most liquid instruments" (i.e. Fiat Currency)

JP Morgan understands that the next time silver's short supply reaches critical levels, it will be in the midst of the greatest financial crisis that any living person will have witnessed.

This renewed stacking in silver by this financial behemoth is a reminder that silver is of the utmost importance to the powers that be.
Click to expand...
Again: JP Morgan is as a bullion bank a guaranteed counterparty (buyer and seller), at any price, and tries to avoid eventual losses by inflicting its counterparties a higher price along hedging on the futures market. Want a live example of such a strategy? Look at central banks and gold. Quite some western ones sold thousands tonnes around pivot 2000 when the gold price was decades-low, and now some eastern ones buy thousands tonnes around 2012 when the gold price was / still is decades-high. They are mounting losses, apparently they don't give a damn, and the simple reason for that is that they have been given the monopoly to produce the means to buy gold at any price, with a little cooperation from the lbma circle of super large systemic banks like JP Morgan, that are at the same time thus also bullion bank, for a reason. JP Morgans "likes there no tomorrow silver-stacking" is just that. The alternative for such a guaranteed buyer is either allowing prices to drop in such a way that the production goes bellyup either dumping the silver into the ocean. It's what governments and their systemic buddies do since a very long time, even the EU governments sponsored destruction of pears (earlier this year they mass-sprayed them with an agent that makes the pears fall off prematurely, to rot away, due to their decision to sanction Russia and the thus-forced lost export to it). Silver bars don't rot so there is little alternative to the guaranteed buyer-method there.

And, the Comex depositories do not store exclusively silver owned by the storage managers / custodians. Brink's depository holds now 28,6 Moz, which is over halfs JP Morgans depository content. According to the same "logic" Brink's also buys silver "like theres no tomorrow". A bullion bank has the same role as a fiat bank. They store other peoples property. http://en.wikipedia.org/wiki/Custodian_bank
 
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