May 1, 2015 01:30 PM . Donate: https://www.paypal.me/SalivateMetalMerchandise:https://teespring.com/stores/salivate-metalBuy Salivate Metal rounds here:http://qualitysilverbullion.. Important Guide: 7 Key Gold and Silver Storage Must Haves. JP Morgan has been acquiring this vast hoard of physical silver while holding the largest short position in the silver futures market, i.e. JP Morgan realizes the value of owning physical silver bullion today Gold & Silver Prices in . Save my name, email, and website in this browser for the next time I comment. Butler believes the true figure to be closer to 350 million ounces. However, it doesnt even rise to the few basis points level in terms of impact. It gradually rose in price before a blow off spike to $48.70 in January 1980. The preference for silver instead of gold may be explained by the current depressed prices. The weaker than expected GDP number suggests that the Fed will be slower to increase interest rates than was previously expected. The total JP Morgan silver stockpile has increased dramatically in the last four years. The Fed at their policy meeting this week said that the health of the economy is dependent on the jobs market and inflation data. JP Morgan Chase. Or are we talking about something more like Libor? SilverSeek.com, Silver Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. FORUM. Will banks take their thumb off the electronic silver market and allow prices to rise in the near future? Joined: May 24, 2011 Messages: 4,915 Likes Received: 161 Trophy Points: 63 Location: EUSSR. Incredibly, in the last 3 years their COMEX silver stockpile has increased tenfold and is now over 55 million ounces (see chart below). Is that what this is? However, the veracity of some of the jobs numbers remains in doubt with some analysts concerned that figures are being hedonically adjusted and manipulated. That JP Morgan and or some traders were cornering the global silver market. Two current and one former precious metals traders at JPMorgan Chase have been charged with manipulating futures markets in what prosecutors described as a massive, multi-year conspiracy run out of the bank. JP Morgan, however, seems to realise the value of owning physical silver bullion today. JP Morgan silver stockpile has increased dramatically in last 4 years. JPMorgan Chase Chairman and CEO Jamie Dimon in his recent letter to shareholders warned. By 2012, they had acquired 5 million ounces of silver bullion. Mark O'Byrne. In the Sarao (Hound of Hounslow) case from a few years back, the governments own expert found that his spoofing trades moved the market . Your email address will not be published. Indeed, they are likely to reverse their leverage short positions and also go long in the silver futures market in order to maximise profits. Its such a large amount, that it even creates a spike on the long-term chart of JP Morgans silver stockpile. When markets had proper dealers who knew what they were doing,, a stunt like that would have stunk right across the floor. In 2011, JP Morgan has little or no physical silver. phrenzy said: Pirocco said: phrenzy said: . Full disclaimer and disclosure on conflict of interests. JPMorgan Chase, the largest U.S. bank, one the largest providers of financial services in the world and one of the most powerful banks in the world has accumulated one of the largest stockpiles of silver the world has ever seen. In the last two weeks JP Morgan Chase has accumulated more than eight million ounces of physical silver, Why is JP Morgan accumulating the biggest stockpile of physical silver in history? It is like chess - spend most of your time strategizing the next move. When JP Morgan chooses to exploit this advantage remains to be seen. However, the veracity of some of the jobs numbers remains in doubt with some analysts concerned that figures are being hedonically adjusted and manipulated. Heretofore in similar circumstances demand has been dampened by institutions dumping contracts for massive volumes of silver, paper or electronic silver, onto the futures markets. Heres a breakdown of the Comexs recent physical silver deliveries to JP Morgan: This is a huge bout of deliveries in a very short space of time. - Legendary silver analyst Ted Butler believes JP Morgan are in a position to corner silver market - JP Morgan may be holding as much as 350 million ounces of physical silver - JP Morgan realises the value of owning physical silver bullion today OPEN NOW. Triggering events could be geopolitical (the 1973 Middle East crisis), a recession where the Fed rapidly increases interest rates (the 1980-1982 recession), a commodities price collapse (oil in the late 1980s), the commercial real estate crisis (in the early 1990s), the Asian crisis (in 1997),so-called bubbles (the 2000 Internet bubble and the 2008 mortgage/housing bubble), etc. Silver Supply and Demand 2015. JP Morgan's silver accumulation suggests another economic crisis looms large and that silver is set to soar again. Silver is currently trading at just over $16 per ounce. In the event of more market dislocations, demand for silver and gold will surge again. Be prepared for the trading day, Futures Research. The fundamental reasons for our very bullish outlook on silver is due to continuing and increasing global macroeconomic, systemic, geopolitical and monetary risks; silvers historic role as money and a store of value; the declining and very small supply of silver; significant industrial demand and most importantly significant and increasing investment demand including from the largest bank in America. Butler believes the true figure to be closer to 350 million ounces. Indeed, they are likely to reverse their leverage short positions and also go long in the silver futures market in order to maximise profits. ZeroHedge opines that "JP Morgan is now intent on cornering the copper market, as the monopolist firm stretches its FRBNY-facilitated muscles in an attempt to stem the massive losses incurred via . Had they accumulated physical silver rather than paper silver in the form of futures contracts, as JP Morgan are doing, the Hunts would likely have made an absolute fortune. Yesterdays AM LBMA Gold Price was USD 1,204.80, EUR 1,075.99 and GBP 779.73 per ounce. MARKET UPDATE: Today's AM LBMA Gold Price was USD 1,179.00, EUR 1,049.24 and GBP 771.04 per ounce. Click here to order iBook Indeed, silver may surpass its inflation-adjusted high of over $150 per ounce in the next 5 to 7 years. Anyone who was offering to pay the bid-side is worried that the market is going up, instead of waiting to see if someone trades with them they pay the offer price. So why has JP Morgan been allowed to buy at these levels, obviously cornering the market? Silver is no longer regarded as a good investment and it is only owned by a small minority of hard money advocates and bullion buyers who realise its importance as a hedging instrument and a safe haven, store of value asset. JP Morgan Chase, the largest US bank, one the largest providers of financial services in the world and one of the most powerful banks in the world, has accumulated one of the largest stockpiles of silver the world has ever seen. - Why is JP Morgan accumulating the biggest stockpile of physical silver in history? Gold and silver are higher in dollar terms this week after the sharp falls seen in stock markets and in the dollar after the poor GDP number sent shivers through markets globally. Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved. As this would equate to a holding 42.7% of total annual supply. By 2012, 5 million ounces of silver bullion. Silver is no longer regarded as a good investment and it is only owned by a small minority of hard money advocates and bullion buyers who realise its importance as a hedging instrument and a safe haven, store of value asset. J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment . The exception is Tim Worstall, who is truly the Ron Jeremy of blogging. The story has become the stuff of legend in the annals of precious metals trading and indeed trading. In particular, JP Morgan has accumulated a mass hoard that is 10 times the size of the stash attempted by the Hunt Brothers before they were forced by authorities to stop purchasing. Chase Bank. Legendary silver analyst Ted Butler believes JP Morgan are in a position to corner silver market Cest de la trs bonne dialectique conomique. Homes Prices in Ounces of Gold; Gold Prices; Gold and Real Estate are Assets Not Investments; Silver. 10. In 2011, JP Morgan has little or no physical silver. The price of the widely traded iShares Silver Trust ETF (NYSE: SLV ), which tracks the spot price of the precious metal, has exploded in recent months. Silver was up 0.6 percent at $16.23 an ounce and platinum fell 0.29 percent at $1,137.49 an ounce. In 2011, JP Morgan has little or no physical silver. Tim may be wrong about stuff, but ..that, ultimately, makes up for his beating squirrels to death for a hobby, Tim Worstall a horrid man who is anti-minimum wage among other repugnant things Socialist News. While the past crises had different roots (you could spend a lot of time arguing the degree to which geopolitical, economic or purely financial factors caused each crisis), they generally had a strong effect across the financial markets.. 1-Hour|24-Hour| more.. The total JP Morgan silver stockpile has increased dramatically in the last four years. Its one of those things thats been on the investment boards for ages. Annual global silver production is 820 million ounces which, if Butler is correct, puts JP Morgan in a position to corner the physical silver market today, unlike the Hunt brothers back in 1980. Next weeks non farm payrolls number will be watched for more signals but the poor GDP number this week should be a real alarm wake up call. JP Morgan has been acquiring this vast hoard of physical silver while holding the largest short position in the silver futures market, i.e. The sell off was blamed on the better than expected employment figures but the scale of the losses were more than would have been expected especially given that the data has been very negative this week especially the poor GDP number. Actually, you know, the Maori van bugger off. The Doc Is Not An Investment Adviser And Information Obtained Here Should Not Be Taken For Professional Investment Advice. 2011, they had little or none. However, it would seem like a good opportunity to take a similar position to an institution which is very well connected and very well informed due to its relationship with and influence over the U.S. government, the U.S. Treasury and the U.S. Federal Reserve. It seems clear JP Morgan anticipates strong demand for physical silver in the not too distant future either due to another crisis or purely due to the tiny size of the physical silver market and very favourable supply demand dynamics. Todays AM LBMA Gold Price was USD 1,179.00, EUR 1,049.24 and GBP 771.04 per ounce. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of SilverSeek.com, Silver Seek LLC, is strictly prohibited. Had they been in a position to meet the margin call the outcome may have been quite different. As Inflation Signals Fade, the Gold Mining Sector Outperforms, Gold Channeling East - How Much Does China Really Own? The total JP Morgan silver stockpile has increased dramatically in the last 4 years. Apparently Essay Mills Must Be Made Illegal, Why Oxfam Can Go Boil Their Heads Over Vaccine Patents, The real point about climate change is how cheap the solution is, The excellent Tim Worstall- The Register, Tim Worstall is a darn good economist- Don Boudreaux, Tim Worstall, you pendant- Polly Toynbee, .more sensible than most right wing nutjob bloggersBob Piper. You have tricked someone into letting you sell at the offer, you cancel the large buy order that you used to distort the picture of supply-demand. In the last 3 years, their silver stockpile has increased tenfold and is now over 55 million ounces; in the last few weeks they have accumulated more than 8 million ounces of physical silver. Performance of Precious Metals in 2020 (USD). Platinum; Gold vs. You place a huge buy order just below the current bid. As this would equate to a holding 42.7% of total annual supply. When JP Morgan chooses to exploit this advantage remains to be seen. At the same time, JP Morgan Chase restricted the use of cash for selected markets and went so far as to restrict clients from using cash for credit card payments, mortgages, equity lines and auto loans. Silver was up 0.6 percent at $16.23 an ounce and platinum fell 0.29 percent at $1,137.49 an ounce. It seems likely that a major event is imminent in the markets and demand for physical gold and silver will likely soon surge again. FWIW, "JP Morgan Cornering Silver Bullion Market?" Discussion in 'Silver' started by picturefun, May 1, 2015. Aztec Reports Final Phase 1 Drill Results for Tombstone Project in Southeastern Arizona; High-grade gold-silver intercepts, Silver on track for biggest monthly increase on record: Over 30%, Timeline Chart Shows Over 100 Years of Gold and Silver Prices, Fed Chairman: Were Not Even Thinking about Thinking About Raising Rates, The Short Position in SLV Drops 17% to 45.4 Million Shares. Yesterdays AM LBMA Gold Price was USD 1,204.80, EUR 1,075.99 and GBP 779.73 per ounce. Yesterdays U.S. jobless claims were at their lowest level in fifteen years at 262,000 below analysts consensus of 288,000. while suppressing the silver price with its unlimited access to free money. The Commentary On Silverdoctors Reflects The Opinions Of The Doc And Other Contributing Authors. Todays AM LBMA Gold Price was USD 1,179.00, EUR 1,049.24 and GBP 771.04 per ounce. The sell off was blamed on the better than expected employment figures but the scale of the losses were more than would have been expected especially given that the data has been very negative this week especially the poor GDP number. JP Morgan has accumulated another 8.3 million ounces of silver in just the past 2 weeks alone. 5. Regulatory authorities increased margins which saw silver prices fall and the trade go against them. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This Fast-Track Learning section of video and audio presentations is an easy way to gain knowledge about the precious metals industry and enable you to make well-informed decisions about diversifying your portfolio and maximizing wealth preservation. Dimon warned that the trigger for the next crisis may not be the same trigger as the last one but there will be another crisis. In 2011, JP Morgan has little or no physical silver. Heres a breakdown of the Comexs recent physical silver deliveries to JP Morgan: This is a huge bout of deliveries in a very short space of time. In fact, JP Morgan may currently hold far more than their official figure of 55 million ounces. Visit our Fast-Track Learning YouTube playlist, Click here to order audio CD Yesterdays AM LBMA Gold Price was USD 1,204.80, EUR 1,075.99 and GBP 779.73 per ounce. By 2012, they had acquired 5 million ounces of silver bullion. Is JP Morgan accumulating silver at these depressed levels in anticipation of geopolitical and financial turmoil? Annual global silver production is 820 million ounces which, if Butler is correct, puts JP Morgan in a position to corner the physical silver market today, unlike the Hunt brothers back in 1980. The Texas oil-tycoons tried to corner the silver market by accumulating a massive silver futures position. Some things never change there will be another crisis, and its impact will be felt by the financial market. In this article I am trying to explain why JP Morgan is hoarding . Dimon warned that the trigger for the next crisis may not be the same trigger as the last one but there will be another crisis. Interest rates remaining near record lows for longer than had been anticipated should be bullish for gold and silver. Conclusion The difference. Deposit products provided by JPMorgan Chase Bank, N.A. It's one of those things that's been on the investment boards for ages. JP Morgan has accumulated another 8.3 million ounces of silver in just the past 2 weeks alone. Either JPM is the luckiest trading entity in history or they are exerting undue control on the gold (and silver market). While the past crises had different roots (you could spend a lot of time arguing the degree to which geopolitical, economic or purely financial factors caused each crisis), they generally had a strong effect across the financial markets.. Pirocco Well-Known Member. Watching @worstall execute @richardjmurphy is like watching a very, very clever cat slowly killing at ataxic mouse. Japanese manufacturing activity contracted in April for the first time in almost a year as domestic orders and output fell, adding to fears that QE has failed and the large Japanese economy is on the verge of another recession or depression. Incredibly, in the last 3 years their Comex silver stockpile has increased tenfold and is now over 55 million ounces. - Legendary silver analyst Ted Butler believes JP Morgan are in a position to corner silver market - JP Morgan may be holding as much as 350 million ounces of physical silver - JP Morgan realises the value of owning physical silver bullion today - Silver at $16 today - Set to soar to over $50 again . JP Morgan's massive silver buying brings to mind the Hunt Brothers' attempt to corner the silver market in the late 1970s. Your Own Due Diligence Is Recommended Before Buying Or Selling Any Investments, Securities, Or Precious Metals. Cornering the Silver Market Andy Schectman, President of Miles Franklin, rejoins the show to discuss the obvious out of whack conditions that are hitting the silver market. A tumultuous week saw the dollar and bonds fall sharply, bond yields soar and stock markets in Europe and the United States weaken. By 2012, they had acquired 5 million ounces of silver bullion. In particular, JP Morgan has accumulated a mass hoard that is 10 times the size of the stash attempted by the Hunt Brothers before they were forced by authorities to stop purchasing. JP Morgan has accumulated another 8.3 million ounces of silver in just the past 2 weeks alone. Some things never change there will be another crisis, and its impact will be felt by the financial market. 1-Hour|24-Hour| more.. Live Gold:SilverRatio Charts By 2012, they had acquired 5 million ounces of silver bullion. In the last two weeks JP Morgan Chase has accumulated more than eight million ounces of physical silver. JP Morgans massive silver buying brings to mind the Hunt Brothers attempt to corner the silver market in the late 1970s. So why has JP Morgan been allowed to buy at these levels, obviously cornering the market? The Texas oil-tycoons tried to corner the silver market by accumulating a massive silver futures position. In Asia overnight,Singapore gold prices were flat and inched down 0.1 percent to $1,182.50 an ounce near the end of day trading. If its an attempted corner then the price has been out by tens of dollars an ounce which is the wilder claim Ive seen. . At the time the Hunt brothers were believed to have acquired futures contracts worth one third of total annual global mine supply on leverage. 1-Hour|24-Hour| more.. LivePalladiumCharts Prosecutors allege that over eight years and thousands of unlawful trades the men engaged in activities that resulted in them being charged with multiple counts of fraud and conspiracy, including racketeering. He is the undisputed King of the Internet Pedants and Lord of the Unnecessary Snark. Silver at $16 today Set to soar to over $50 again. Gold recovered after an almost 2 percent drop yesterday when stop loss orders were triggered in a brutal sell. Forbes magazine's extraordinarily arrogant contributor Tim Worstall Jeremy Corbyn. In the last two weeks JP Morgan Chase has accumulated more than eight million ounces of physical silver. 374 Central Ave. Jersey City, NJ 07307. Silver Supply and Demand 2014; Suspected Silver Manipulation. The Dow. The preference for silver instead of gold may be explained by the current depressed prices. Are they accumulating silver at these depressed levels in anticipation of geopolitical and financial turmoil? #SilverSqueeze: The Greatest Short Squeeze in History? JP Morgan Cornering Silver Bullion Market? This is spoofing, which is the prosecutors favorite crime. What motivation could one of the key insiders on Wall Street have to accumulate such vast quantities of physical silver? More and more stories are appearing about the possibility that JP Morgan has been acquiring a massive amount of silver.Is it true? 1-Hour|24-Hour| more.. Live Gold Charts Required fields are marked *. No attempt at cornering the market. while suppressing the silver price with its unlimited access to free money, according to Butler. Incredibly, in the last 3 years their COMEX silver stockpile has increased tenfold and is now over 55 million ounces (see chart below). by Mark O'Byrne. The total JP Morgan silver stockpile has increased dramatically in the last four years. Silver is currently trading at just over $16 per ounce. Just a coincidence or strong supporting evidence of manipulation? In Europe in late morning trading gold bullion was off 0.34 percent at $1,180.44 an ounce. JP Morgans silver accumulation suggests another economic crisis looms large and that silver is set to soar again. Dimon warned that the trigger for the next crisis may not be the same trigger as the last one but there will be another crisis. In 2011, they had little or no physical silver. Get your free eBook on the guide to fasting and sign up for the FREE fasting summit at Andy Schectman, President of Miles Franklin, rejoins the show to discuss the obvious out of whack conditions t Yesterday's AM LBMA Gold Price was USD 1,204.80, EUR 1,075.99 and GBP 779.73 per ounce. Mark O'Byrne is executive director of Ireland-basedGoldCore. Yet another fine example of screen trading. while suppressing the silver price with its unlimited access to free money, according to Butler. Japanese manufacturing activity contracted in April for the first time in almost a year as domestic orders and output fell, adding to fears that QE has failed and the large Japanese economy is on the verge of another recession or depression. Is JP Morgan accumulating silver at these depressed levels in anticipation of geopolitical and financial turmoil? JP Morgan Chase, the largest US bank, one the largest providers of financial services in the world and one . Next weeks non farm payrolls number will be watched for more signals but the poor GDP number this week should be a real alarm wake up call. That they'd watched the Bunker Hunts and worked out how to do it successfully. It seems clear JP Morgan anticipates strong demand for physical silver in the not too distant future either due to another crisis or purely due to the tiny size of the physical silver market and very favourable supply demand dynamics. Indeed, we believe that silver will surpass its inflation adjusted high or real record high of over $150 per ounce in the next 5 to 7 years. Spoofing. When they failed to meet a $100 million margin call they were almost completely wiped out. Yesterdays U.S. jobless claims were at their lowest level in fifteen years at 262,000 below analysts consensus of 288,000. The Fed at their policy meeting this week said that the health of the economy is dependent on the jobs market and inflation data. Twelve Ways Gold Is Different Than Silver; The Gold Silver Ratio. JPMorgan Chase Chairman and CEO Jamie Dimon in his recent letter to shareholders warned. 1-Hour|24-Hour| more.. Canadian Dollar Silver Charts JP Morgans massive silver buying brings to mind the Hunt Brothers attempt to corner the silver market in the late 1970s. The Company; . What motivation could one of the key insiders on Wall Street have to accumulate such vast quantities of physical silver? Gold fell 1.76 percent or $21.20 and closed at $1,182.80 an ounce yesterday, while silver slid 2.48 percent or $0.41 closing at $16.12 an ounce. 1-Hour|24-Hour| more.. Live US Dollar Index Charts Will banks take their thumb off the electronic silver market and allow prices to rise in the near future? . This surprise would suggest that the labour market is recovering which would be positive for the U.S. economy. This is hard to know but seems increasingly likely. JP Morgan Asset Management sees a better 2023 for stocks, even as big Wall Street banks warn of sharp falls. This is something we have been warning of for some time as we believe the U.S. recovery is far more fragile than is realised. It seems likely. Devoted silver analyst, Ted Butler, estimates (from COT and Bank Participation report analysis) that JPMorgan has amassed a short side corner in the COMEX silver market now at about 18,000 contracts. There will also be no ability to store cash or bullion in their safe deposit boxes. Why only a single buyer? Had they accumulated physical silver rather than paper silver in the form of futures contracts, as JP Morgan are doing, the Hunts would likely have made an absolute fortune. Instead placing orders with an expectation they would be cancelled. When they failed to meet a $100 million margin call they were almost completely wiped out. Ive not been paying attention to this as I regarded it all as just another conspiracy take. In the event of more market dislocations, demand for silver and gold will surge again. It seems likely that a major event is imminent in the markets and demand for physical gold and silver will likely soon surge again. JP Morgan, however, seems to realise the value of owning physical silver bullion today. In Asia overnight, Singapore gold prices were flat and inched down 0.1 percent to $1,182.50 an ounce near the end of day trading. A tumultuous week saw the dollar and bonds fall sharply, bond yields soar and stock markets in Europe and the United States weaken. Banks Financial Services Credit Card-Merchant Services. spoofing tends to cause the price to oscillate in these small magnitudes, rather than moving up (or down, Well yes, it has to, doesnt it? JP Morgan has been acquiring this vast hoard of physical silver while holding the . That JP Morgan - and or some traders - were cornering the global silver market. As this would equate to a holding 42.7% of total annual supply. The US Justice Department said three men ripped off market participants and even clients as they illegally moved prices for gold, silver, platinum and palladium. The paper silver market (silver futures) is overcrowded now - the total open interest stands at its highest reading in history. Interest rates remaining near record lows for longer than had been anticipated should be bullish for gold and silver. Silver is currently trading at just over $16 per ounce, but it will likely surpass its high of $50 per ounce in the coming years. From Business: Find out how Chase can help you with checking, savings, mobile banking, and more. It seems likely. The fundamental reasons for our very bullish outlook on silver is due to continuing and increasing global macroeconomic, systemic, geopolitical and monetary risks; silvers historic role as money and a store of value; the declining and very small supply of silver; significant industrial demand and most importantly significant and increasing investment demand including from the largest bank in America. Classic is you want to sell at the offer. It gradually rose in price before a blow off spike to $48.70 in January 1980. Gold recovered after an almost 2 percent drop yesterday when stop loss orders were triggered in a brutal sell. It seems likely. Where people were fiddling the fix by a couple of basis points to favour their own futures positions? This surprise would suggest that the labour market is recovering which would be positive for the U.S. economy. Had they been in a position to meet the margin call the outcome may have been quite different. In no event shall SilverSeek.com, Silver Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein. Home > Manipulation and Fractional Gold > JP Morgan Cornering Silver Bullion Market. Your email address will not be published. If you cant get reassurance, you dont put the bid into the market. So, it is interesting to note that legendary silver market analyst Ted Butler has estimated that JP Morgan may currently hold far more than their official figure of 55 million ounces. This is a huge amount in a short space of time. Is JP Morgan accumulating silver at these depressed levels in anticipation of geopolitical and financial turmoil? I can post links if youre interested. GoldCore continue to believe that silver will surpass its non-inflation adjusted high $50 per ounce in the coming years. JPMorgan is a serial market manipulator and now swings both ways in cornering markets; usually on the short side of markets until the current long corner in gold. This is hard to know but seems increasingly likely. The Hunts faced losses of $1.7 billion and a widespread panic on Wall Street was averted when a consortium of U.S. banks bailed out the main brokerage firm involved. The fundamental reasons for a bullish outlook on silver are: continuing (increasing) global macroeconomic, systemic, geopolitical and monetary risks; silvers historic role as money and a store of value; the small and declining supply of silver; significant industrial demand; and, most importantly, significant and increasing investment demand, including from the largest bank in America. Moreover, spoofing tends to cause the price to oscillate in these small magnitudes, rather than moving up (or down) and staying at (distorted) levels for an appreciable period of time. 1-Hour|24-Hour| more.. Live BitcoinCharts First thing you ask yourself. The total JP Morgansilverstockpile has increased dramatically in the last four years. The Texas oil-tycoons tried to corner the silver market by accumulating a massive silver futures position. Triggering events could be geopolitical (the 1973 Middle East crisis), a recession where the Fed rapidly increases interest rates (the 1980-1982 recession), a commodities price collapse (oil in the late 1980s), the commercial real estate crisis (in the early 1990s), the Asian crisis (in 1997),so-called bubbles (the 2000 Internet bubble and the 2008 mortgage/housing bubble), etc. Where you have a volume of buys & sells going through the market will keep correcting the variance the spoof has caused because there will always be bids & offers waiting at various levels, Your email address will not be published. ." Too bad no one bothered to ask by what authority that might have been, nor who would be subject to such orders. However, it would appear that JP Morgan now have less motivation to cap silver in the paper markets and indeed are set to make enormous profits from the physical position they have taken. 1-Hour|24-Hour| more.. LiveEuro Silver Charts Gold and silver; Political, Dollar, USA; It's nice to talk about. Physical Gold and Silver . Member FDIC. one seventh of a basis point on average. Will banks take their thumb off the electronic silver market and allow prices to rise in the near future? Breaking Gold and Silver News and Research Here. Why Silver Price 'Should Resume Upwards Path - 27th Nov 22 After This Holiday Stock Market Rally, You Better Know When To Walk Away - 27th Nov 22 US Bond Market and Gol d - 27th Nov 22 Based upon COT and Bank Participation Reports data, last December 4, JPMorgan had a net short position in COMEX gold futures of approximately 75,000 contracts. Some things never change there will be another crisis, and its impact will be felt by the financial market. Heres a breakdown of the Comexs recent physical silver deliveries to JP Morgan: This is a huge bout of deliveries in a very short space of time. We Do Not Share In Your Profits, And Thus Will Not Take Responsibility For Your Losses As Well. London Paul, Gold Losing Some Zip but Buyers Grabbing Each Dip. Schectman and I dig into this issue and other anomalies in the market. Required fields are marked *. However, it would appear that JP Morgan now have less motivation to cap silver in the paper markets and indeed are set to make enormous profits from the physical position they have taken. On August 23rd, the SLV closed at $17.61 . Heretofore in similar circumstances demand has been dampened by institutions dumping contracts for massive volumes of silver, paper or electronic silver, onto the futures markets. GoldSeek Radio Nugget -- Bill Murphy: Up, up and away, for Gold and Silver Silver rally stops TD Securities out of tactical short. Indeed, we believe that silver will surpass its inflation adjusted high or real record high of over $150 per ounce in the next 5 to 7 years. - Legendary silver analyst Ted Butler believes JP Morgan are in a position to corner silver market - JP Morgan may be holding as much as 350 million ounces of physical silver - JP Morgan realises the value of owning physical silver bullion today - Silver at $16 today Set to soar to over $50 again. Conclusion Precious metals look the most undervalued of all the asset classes particularly silver. Gold and SIlver, Precious Metals Sector Is at a Terrific Buy Spot - 6th Feb 22: 7.Why Putin Wants the WHOLE of Ukraine - World War 3 Untended Consequences - 6th Feb 22: 8.Dow Stock Market Expected Max Drawdown 2022 - 19th Feb 22 : 9.Stock Market Calm In the Eye of the Inflation Storm - 4th Mar 22 : 10.M = F - Everything is Waving! So, it is interesting to note that legendary silver market analyst Ted Butler has estimated that JP Morgan may currently hold far more than their official figure of 55 million ounces. JP Morgan Cornering Silver Bullion Market? GoldCore continue to believe that silver will surpass its non-inflation adjusted high $50 per ounce in the coming years. JP Morgans silver accumulation suggests another economic crisis looms large and that silver is set to soar again. Triggering events could be geopolitical (the 1973 Middle East crisis), a recession where the Fed rapidly increases interest rates (the 1980-1982 recession), a commodities price collapse (oil in the late 1980s), the commercial real estate crisis (in the early 1990s), the Asian crisis (in 1997),so-called bubbles (the 2000 Internet bubble and the 2008 mortgage/housing bubble), etc. Before their buying on the COMEX, silver traded at $6 an ounce. You have your own reputation to consider. Gold fell 1.76 percent or $21.20 and closed at $1,182.80 an ounce yesterday, while silver slid 2.48 percent or $0.41 closing at $16.12 an ounce. There will also be no ability to store cash or bullion in their safe deposit boxes. Todays AM LBMA Gold Price was USD 1,179.00, EUR 1,049.24 and GBP 771.04 per ounce. In options trading, one must remain flexible with the ability to adjust to take advantage of the unexpected moves in the market. Since 2003, SilverSeek.com has served millions of readers with the latest silver news and information. A good understanding of options is necessary to change direction and make adjustments as the market moves against you. The Company . Wheres the stock supposed to be going? JPMorgan Chase, the largest U.S. bank, one the largest providers of financial services in the world and one of the most powerful banks in the world has accumulated one of the largest stockpiles of silver the world has ever seen. The Analysis And Discussion Provided On Silverdoctors Is For Your Education And Entertainment Only, It Is Not Recommended For Trading Purposes. JP Morgan has been acquiring this vast hoard of physical silver while holding the largest short position in the silver futures market, i.e. JP Morgan's massive silver buying brings to mind the Hunt Brothers' attempt to corner the silver market in the late 1970s. If the spoof is on the bid side then the spoofers have to be unloading. Its such a large amount, that it even creates a spike on the long-term chart of JP Morgans silver stockpile (see chart). Regulatory authorities increased margins which saw silver prices fall and the trade go against them. Sounds scary, and relatively easy to prove, given the electronic fingerprints. Ive written several blog posts and an article in The Hill criticizing the US governments obsession with this conduct. The story has become the stuff of legend in the annals of precious metals trading and indeed trading. silverstockpile has increased dramatically, Twitter Rolls Out Tipping Feature Via BTC's Layer 2 Lightning Network, With Heating Fuels Inventories Down, We Could Be In For A Costly Winter, 5 NFT Metrics That Prove There's Significant Interest In The Space, Evergrande Concerns Are Holding Oil Prices Back. In the last two weeks JP Morgan Chase has accumulated more than eight million ounces of physical silver. Silver in USD 10 Years (Thomson Reuters). "By virtue of the authority vested in me by the Silver Purchase Act of 1934 and of all other authority vested in me, . This seems increasingly likely. In Europe in late morning trading gold bullion was off 0.34 percent at $1,180.44 an ounce. Its such a large amount, that it even creates a spike on the long-term chart of JP Morgans silver stockpile (see chart). Click here to order Kindle Oh man. Feat. While the past crises had different roots (you could spend a lot of time arguing the degree to which geopolitical, economic or purely financial factors caused each crisis), they generally had a strong effect across the financial markets.. Schectman and I dig into this issue and other anomalies in the market." If you consider each COMEX silver contract is for 5,000 troy ounces or 156kg, that is 90m oz or about 2,800 tonne of silver! JPMorgan Chase, the largest U.S. bank, one the largest providers of financial services in the world and one of the most powerful banks in the world has accumulated one of the largest stockpiles of silver the world has ever seen. Anyone know more about this case? "The worst of the market volatility is behind us and both stocks and bonds look . JP Morgan Chase. By 2012, they had acquired 5 million ounces of silver . And if so, what does this . 1-Hour|24-Hour| more.. AustralianDollar Silver Charts Page 2 of 2 < Prev 1 2. The preference for silver instead of gold may be explained by the current depressed prices. Silver Short Selling; Actual Silver Price . Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved. Annual global silver production is 820 million ounces which, if Butler is correct, puts JP Morgan in a position to corner the physical silver market today, unlike the Hunt brothers back in 1980. Gold and silver are higher in dollar terms this week after the sharp falls seen in stock markets and in the dollar after the poor GDP number sent shivers through markets globally. If its like Libor then its a cent at most out, and either way on any particular day. JPMorgan Chase cornering silver bullion market? JP Morgan may be holding as much as 350 million ounces of physical silver Before their buying on the COMEX, silver traded at $6 an ounce. JP Morgan, however, seems to realise the value of owning physical silver bullion today. But the thing never gets mentioned, you can only do this in a thin market. A short corner on the gold market at $1700 and now a long corner many of hundreds of dollars lower. Articles . Click here to order Sribd. However, it would seem like a good opportunity to take a similar position to an institution which is very well connected and very well informed due to its relationship with and influence over the U.S. government, the U.S. Treasury and the U.S. Federal Reserve. Regulatory authorities increased margins which saw silver prices fall and the trade go against them. This is something we have been warning of for some time as we believe the U.S. recovery is far more fragile than is realised. The Hunts faced losses of $1.7 billion and a widespread panic on Wall Street was averted when a consortium of U.S. banks bailed out the main brokerage firm involved. At the time the Hunt brothers were believed to have acquired futures contracts worth one third of total annual global mine supply on leverage. Gold vs. Which corrects the price. The weaker than expected GDP number suggests that the Fed will be slower to increase interest rates than was previously expected. 1-Hour|24-Hour| more.. LivePlatinumCharts At the same time, JP Morgan Chase restricted the use of cash for selected markets and went so far as to restrict clients from using cash for credit card payments, mortgages, equity lines and auto loans. That theyd watched the Bunker Hunts and worked out how to do it successfully. J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment . SilverSeek.com continues to lead and connect the silver investor community with up-to-date information on the silver markets providing visitors with live silver prices, covering and analyzing the silver mining and exploration companies, discussing silver as money and related topics. Precious metals look the most undervalued of all the asset classes particularlysilver. In particular, J.P. Morgan has accumulated a mass hoard that is 10 times the size of the stash attempted by the Hunt Brothers before they were forced by authorities to . Live Silver Charts JPMorgan Chase Chairman and CEO Jamie Dimon in his recent letter to shareholders warned. 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