Told my brother in law to invest in silver 2 years ago, he literally just laughed at me and mocks me for it even today. I guess we’ll see who’s laughing in the end.
The reason all bullion banks are short silver is to hedge their physical holdings and avoid taking a market position in the silver price...imagine silver demand went down the price would crash and JP Morgan has vaults full of silver and it would be worth less so to hedge this they short it in Comex so if price goes down they make money to offset the fall in their physical holdings so I'm not sure why this presenter is not mentioning this
@Ilir Cami JP Morgan has loads of physical silver in its vaults that it paid for at various prices...so if then price of silver for some unknown reason just dropped suddenly and did not go back up then JP Morgan would lose a lot of money...so to prevent a loss they short silver in Comex (COMmodities EXchange). Therefore if silver price goes down they make money on the short selling to make up for the loss in their physical silver holdings. Therefore, they are hedging their exposure to the silver. Which if I was a business would do too.
@@malkeri2107 So it's like they're writing covered calls. You buy the stock and sell a call. If the price of your stock goes up past the strike price your stock gets called away. Now I suppose if I had 150 million ounces of silver I'd dump a few million ounces to depress the price to ensure the call options I wrote can't be exercised, so my silver can't be called away.
The reason I buy silver at these prices is because I know the price is manipulated. In a "normal" world, silver would be hundreds per ounce...but its $15. Buying at $15 virtually has zero risk. I buy and hold until there is supply problems, then we may see manipulation end. Its like if you see gas prices at $2.69 all over town....but all gas stations are sold out, and you need gas like right now, and no gas trucks are coming for weeks.....well, you go start asking people around town if they have any gas to sell you because you need some for you car because you need to get somewhere right away....well you finally find Joe Blow on 7th ave, he has 7 gallons and wants to keep it...BUT, he says he will sell it for $50 per gallon.
@@zarni000 Agreed. Lots of speculation but equally lots of indications towards financial crisis causing fiat to skyrocket and therefore gold and silver to as well (silver more so). Unless this actually materializes, which the laws of money say it should (see Rickards, Schiff, etc.), silver might not behave as it should in a "normal" world for a long time. But with that said, silver is so cheap relative to gold and way more practical to use in crisis times (see Venezuala) you would be a fool not to carry some amount of silver just in case.
@@destinyleaks8081 Doesn't disprove the main thesis. The strength of the dollar depends upon suppressing PMs. It's literally a national security issue.
@@MrLTiger It will skyrocket. For every action there is an equal opposite reaction, the further and longer they suppress the price the explosion in price will keep increasing in magnitude.
So the manipulators are concentrated, those writing the call options same as being short. And they dump silver to depress the price so their short call options expire worthless. It's an income strategy with guaranteed income because you can keep pounding the price down. They're writing covered calls. You write puts hoping the price goes up, you write calls hoping the price goes down. If you write covered calls and have 150 million ounces in a vault you can push prices down dumping silver. Maybe you write puts where the silver gets put back you. Why not assume all 8 manipulators have a physical stash? Why not assume if they all were forced to liquidate they'd have to dump silver on the market? Notes: 195,000 contracts or 959 million paper silver ounces, 5000 ounces per contract. 49% are shorted by 8 traders. The largest 4 traders are 29%. So JPM has been accumulating silver ounces either buy outright physical purchases, or buy writing puts? 8 traders are short 120 days of silver production are being sold short. All told 420 days are being sold short. So if they were ordered to stop this game the question is, do they dump their silver? Or do they hold onto it? It seems to me there's an artificial supply of silver overhang that could depress prices.
This is why I like CEF, aka Sprott Physical Metals. They used to be Central Fund of Canada and allegedly keep the customer's bullion in cages, if anyone knows otherwise, please advise.
anytime I buy, I always make sure that I get the cheapest silver with the lowest premiums. I usually melt them down anyway bullionexchanges.com/1-oz-generic-silver-rounds-bars
It is a gift from JPM to us all, smile & say thanks JPM as you place order another order, stock up now while you can at this value pricing, you will be kicking yourself later if you dont.
.....can you imagine the economy tanking and the monetary reset sending gold to $ ?......and silver to 5 bucks?.........how would constitutional coinage play into this?......worn out silver dimes will not be a good idea unless they restamped them.......would post 1965 coins be a better hold of wealth than paper dollars?.......in a extreme barter would paper be worth anything?......we don't know what deviousness resides in the heart of the rulers
Considering the fact that they short using it every day. I would have to disagree with you at the current time. Down the road.. maybe if the powers that be would ever pull heads out of ass and prosecute.
So my question is, could JP Morgen, short sell down the price, than when the price goes up, claim they liquidated their physical silver, but hold it as ensuring they won't go under like Beare n Sterns. Maybe they get more shady as hyper inflation happens, causing volatility and go through restructuring, when silver to gold ratio gors to 20: 1 they swap a portion lowering the silver prices. Acquiring more gold in the process.
Silver/gold price towards the end of 2020 ....blast off. You have about two years left to stack before JPM let's go of its grip on the manipulated market price. JPM should have close to one billion ounces of physical silver stashed by 2020-21.
I think the death of supply will bring about any serious changes in price. If the prices stay this low or go lower, we'll see a lot more RMC type situations.
You've spouted out your opinion but you haven't specified a better way to protect ones self against fiat currency. Please enlighten us with your all encompassing knowledge of the economic system and how stacking metals is a pointless standing point against inflation. Try buying a loaf of bread with a piece of paper or a plastic card in your wallet when the shit hits the fan. All societies rise and fall but silver and and gold will always hold their value.
How do you compare this manipulated price of Silver against failing Fiat currencies? Look at Venezuela, for example......What does that tell you about Silver?...
I always have trouble understanding how shorts "cause" a drop in prices in any asset. If someone could explain that it would be lovely. Just because I bet on something, I don't see how that causes a result.
On an example of a publicly traded company: if a large (institutional) shareowner decides to immediately sell a large quantity of its stock (for example 10% of the company), this will bring a downward pressure to the stock price ie the price might suffer a dramatic short-term price fall.
It’s quiet simple actually, trust me I’m no math genius. Check this out: when you buy something, you basically create demand for that asset, and when you sell it, you create the exact opposite pressure. Now when you sell short, you borrow the asset (this is key because since you don’t buy it, you don’t create an upwards pressure), and then when you sell that borrowed asset, you create that downward “sell” pressure, and since you don’t own it and therefore never actually bought it, you end up with a net negative on the price.
economics 101- price fixing creates shortages. At some point physical delivery of precious metals will only occur at prices much higher than the COMEX fix.
Most people can't afford to buy land. They can afford to buy an ounce of silver for approximately 15-20 dollars. They would then be further ahead than if they hadn't. It's easier to put away 20 dollars a week and to invest in something that you can physically hold that will maintain or even gain more value over time than to hope to save thousands upon thousands for a piece of land that you may see no real returns from. You may even lose money with the taxes that are levied by ownership of land.
This guy is dead wrong. Commercial traders are not just banks but include any traders who makes trades for other businesses and institutions. If I am a large wholesaler in metals and have inventory I would call my trader and have him buy put options in case prices fall for financial protection. Since I like most large wholesalers, dealers and miners rely on loans to provide capital for day to day operations, If prices fall enough to go thru the strike price and I am in the money my lender will not call and demand to pay down the loan or put up more collateral as I have just increased my capital by the options. Take JP Morgan who like other "bullion banks" act as clearing houses for physical metals but also act in their clients behalf if they need to hedge. They also buy and sell for their own account. If demand is exceeding current supply they simply sell to those who need metals like wholesalers, large dealers, industry, etc. The fact is there are more brokers/dealers in the commercial category than banks. If there is more supply by miners and refiners they simply buy again for their own account. Now since they also sell the idea that the commercials are suppressing prices is total bullshit Do you really think any seller is going to lower prices when they sell? Now his statement that miners do not hedge is also bullshit. Without hedging and in cases where the price drops and they are forced to sell at lower prices, it is the hedges that make up the price difference. There are two types of commercials: Institutions and Corporate traders. Institutions usually trade for manged portfolios and corporate places trades to enhance or protect the revenue of the businesses they are hired by. Why is the volume on the Comex so large and more than inventory? For one most trades are hedges. If I want to buy large amounts of gold I would go to a physical market and buy like from JP Morgan who would either sell from their own account or act as a broker with the seller being a mine or large wholesaler. The other reason is that dollars are being hedged both long and short and this is done by currency traders, other traders, multinationals who need to hedge their dollars in foreign markets and of course speculators. Since the dollar is the most traded currency on the planet and if you hold dollers you must hedge hence the volume. Those that promote metals are either clueless of this or they ssimply ignore it as it does not fit into the narrative they push. Also for over 6 years the alt media has claimed that Morgan's silver holdings are for one purpose and that is to push silver up "any day" to record prices. They have not and will not. 70 to 80% of demand is industrial, manufacturing and retail jewelry and all depend on low prices. The metal has simply moved from a monetary based metal to an industrial based commodity. Since it is rarelused anymore in most monetary systems this also has effected demand. Another factor is that because of the constant flow of new technology the amount used in products keeps going down. Solar panels 10 years straight. Still another factor is that there have been surpluses for 100 years and not deficits as claimed. Go read David Morgan for this. Combining both mines and recyclers/refiners has produced these surpluses. The stats simply do not include the vast amount of small, (mom and pop) and medium businesses that keep adding to supply. They are never contacted and left out of estimates. Currently there are 4 billion ounces of above ground supply. Bottom line is that silver has been one of the largest scams on the net with unrealistic prices forecasts of $100 to $940. A store of wealth today? Ask those who bought silver in 2011 and for that matter gold. Most are angry for rotating out of equities as they could have been sitting on small fortunes instead of being underwater. Many have sold for losses and moved into cryptos and you can't blame them. As we move into the end of 2018 the capital flight out of Europe will again accelerate as it has been collapsing and move again into dollars and the Dow. This will cause both to move much higher and commodities will be crushed including gold and silver. There is an old saying, "Follow the money"!
This guy probably has given one of the most detailed explanations of the manipulated silver market, and there's only a handful of people listening to him at the presentation, which speaks to the collective ignorance the public has on this matter.
The net position is: JPM is long 575 million ounces (in physical silver, which they are holding in their vaults mainly in London, according to information that Ed Steer says he received from Mr Butler). Of course, that was over 1.5 years ago (690 million ounces physical MINUS 114 million paper short on Comex). They are probably long more than 575 million ounces NOW, since the price is 12 per ounce today. Interestingly, physical silver is very scarce at the moment (ie there is a $5 -$10 PER OUNCE premium over $12 spot silver while this is being written). WOW
Actually, if you trade on the COMEX you sign an agreement where it states clearly that your counter party can refuse physical delivery and can compensate you for the spread instead of delivery.
In that case, the COMEX truly is a paper market with a bit of physical trading happening.JP Morgan is going to corner the market at some point based on that graph showing their physical holdings.
This is true. They do not have to deliver the metals only the cash to cover them. I don't know why people think they can just demand payment in metals when legally they don't have to and don't.
I am not sure but from his speech the non-reportable positions are those of retail traders. Each individual has very less open position in his/her account, hence non-reportable. regards,
4 роки тому+1
Who is John Gault
5 років тому+5
If you play in a rigged game,you deserve to get screwed.
JPM has a large short position in silver. It is not in their own best interest to cover a large portion of that short when the price tumbles below $12 oz as it is now? Is there any evidence they are doing so? Does anyone know?
@@Ryan_Tinney No. It's illegal to short and then use that advantage to buy low. And peg the real asset price to it. We have corporatations that align with our government which just looks the other way and/or benefits from a fine. Totally illegal. It must end and it will.
retail tells you the REAL price of goods and services. you pay a certain amount of cash for a real product, with REAL demand. this is why silver metal is going for 20 and ounce and paper is at 13. that's a seven dollar spread. HUGE disparity.
The speaker actually mentions it. Americans want to show the world that the US dollar is very strong. Now Trump wants to buy Greenland from Denmark. So US government will issue government bonds, FED will print money out of thin air to trade for bonds and that gives US government the power to buy real assets or invest into it's military. Clever system. You just create paper and buy stuff/invest. Don't think Denmark will sell though, not even for a couple of trillion dollars.
IF YOU WANT TO GO LONG, OR BUY SILVER ON THE COMEX, YOU DO NOT HAVE TO FIND SOMEONE WHO WANTS TO GO SHORT, THIS GUY IS WRONG. YOU JUST BUY AT THE MARKET......
90repairman What if the world's governments or BIS are looking to go with a silver backed world currency and JP Morgan caught wind of this? Their silver holdings would be totally worth growing and holding on to, even if the price isn't going up. They have the chops to do this all while suppressing the market price to make accumulation easier. Then the reset happens, USD is worth a tenth of it's former value and silver is worth a lot more instantly.
The producers don't trade directly on the exchange but with the banks and it's but natural that the banks will be short on Comex and long with the producers who lock in the price of their production!!
Gold and silver at one time was a good part of your life ,until government figured out how to control the value,now it will never be worth much unless the controller starts to buy silver
Didn't Warren Buffet take advantage of this when he bought up all the silver a decade or so ago? I remember hearing about it and I am pretty sure silver prices spiked up quite a bit.
All the countries know silver market is a fars . so they can Horde as much as they can until they are forced to correct it ! So will it Be God and the CV-19 ?
So if they're stock piling silver in order to guarantee maximum call writing profits, and if they're are being told to stop, won't they dump their ounces depressing the prices? They're not really short if they've got 150 million ounces sitting in a comex vault. They're writing covered calls. How to validate you're claim they have another 500 million somewhere else? Based on their futures contracts writing?
Hi ho silver away.!! I ran down to Boca Raton yesterday. I cleared out the guy's remaining Walking Liberty's. Literally 5 minutes to spare. He's a non-essential business. Palm Beach County shut him down as of 5 pm last night. Who knows when he'll open again. I guess when the paranoia subsides a little.🤔
@Gemcitykid no because it's not going to be an economic collapse. I'm going to do with the Chinese are doing right now. They're dumping US Treasury bonds. And buying oil with it. Hyperinflation will be in food, gold and silver. Everything else is going to tank in value.( Devaluation). And that's when I cash in my precious metals.and by multi-family apartment buildings
so if we have so many intelligent ppl out there...why are all the dealers in world out there selling gold and silver at a price set by the comex which is manipulated or not the real number?!?!?!?!? all contracts of gold set by the comex rpresents only 0,1% of all gold out there...so 99,9% of the gold out there is not for sale cause ppl are hoarding it?!?!?! same goes for silver! so this manipulation would last forever if JP morgan doesn't deside to sell silver!!!!
@@michaewelina7983 I'm talking about recently when silver fell from 17 down to 14. Hopefully the price will decouple from the paper market soon. Demand outstrips supply, and silver is getting HARDER to find.
Banks like jp Morgan have large shrt positions because they have large physical positions this guy didn’t mention its called hedging every large owner would hedge or protect their risk jpm is a public company owned by their shareholders like you buy insurance on your car or house large shorts always a very positive for prices when the large shorts buy back the short price rises this is a normal market thing i love hearing the big traders have big short position means some day they buy back the positions putting upward pressure on market i only have 40 years experience in futures market if you own silver or silver stocks you want big shorts. I know jpm very well i like the company and thrilled they have big futures position very positive for price of silver
Many people really have no idea what hedging means. All institutions do this but to explain it to people who have no idea they think it is a giant conspiracy.
@@Ryan_Tinney The problem is when shorts are used to artificially knock down the price. These low prices are likely to cause a collapse in silver supply if they continue or go lower. The shake out seems to have started. Check out RMC. I'm sure they could have covered up their shenanigans a lot longer, if there was more margin in the silver market.
Hedging is one thing. Colluding to manage the price of the asset down to go in and gobble up huge portions of the market is something else entirely. If you think finance isn't a government backed series of cartels you really haven't read the history of the 20th century and would do well to. Hell you could just go as far back as 2007 to now to get a glimpse.
the bank has been stacking so they can control the market and sell low to who ever needs silver since they have a lot. go to them because you'll get the best rate DUH. we need silver in everything now. Phones, Yoga Pants, Tv's and solar panels. They have been saving to sell little by little and not have to mine for more. seems like they have agreed on a price point their buyers are ok with at the $15-$17 range and its gonna be like that for a while. thats the going rate you know the meng.
BUY the JUNIOR MINERS!! I can recommend NEXUS GOLD and FIREFOX GOLD! They still have yet to move and when they do (as the majors need more gold) it will be out of this world. We are talking 200-300x returns (it might even be bigger) based on 2011, when else do you have these oportunities!!!? Do your own research, buy when cheap sell when its high. Simple. Juniors wont go further down!!! Happy loading up, your future self will thank you!
Silver is like wisdom. It shines like nothing else and is hated by the gov. Gold is like your self worth. The more you have it, the better you feel and prosper. Debt is like narcodrugs. Politicians say they fight them but the result is opposite. Fiat currencies are like filantropists. The more of them, the faster collapse of society.
For weekly investing insights - and free eBooks - from the world's best investors --> CambridgeHouse.club
It's not price management, it's price rigging
Told my brother in law to invest in silver 2 years ago, he literally just laughed at me and mocks me for it even today. I guess we’ll see who’s laughing in the end.
The reason all bullion banks are short silver is to hedge their physical holdings and avoid taking a market position in the silver price...imagine silver demand went down the price would crash and JP Morgan has vaults full of silver and it would be worth less so to hedge this they short it in Comex so if price goes down they make money to offset the fall in their physical holdings so I'm not sure why this presenter is not mentioning this
@Ilir Cami JP Morgan has loads of physical silver in its vaults that it paid for at various prices...so if then price of silver for some unknown reason just dropped suddenly and did not go back up then JP Morgan would lose a lot of money...so to prevent a loss they short silver in Comex (COMmodities EXchange). Therefore if silver price goes down they make money on the short selling to make up for the loss in their physical silver holdings. Therefore, they are hedging their exposure to the silver. Which if I was a business would do too.
BABY BUSH TRIPLED THE PRICE OF GOLD !!!
@@malkeri2107 So it's like they're writing covered calls. You buy the stock and sell a call. If the price of your stock goes up past the strike price your stock gets called away. Now I suppose if I had 150 million ounces of silver I'd dump a few million ounces to depress the price to ensure the call options I wrote can't be exercised, so my silver can't be called away.
This comment aged well
Just keep stacking physical silver.
Chris for how long?
big Holliday untill you can pass it down to the next generation. hopefully.
And watch it go nowhere.
greed really causes anxiety, scammers are probably 70% of the investors, a hedge does not fit into their brain, paper silver on the other hand....
@@briancorcoran9888 idiot
The reason I buy silver at these prices is because I know the price is manipulated. In a "normal" world, silver would be hundreds per ounce...but its $15. Buying at $15 virtually has zero risk. I buy and hold until there is supply problems, then we may see manipulation end. Its like if you see gas prices at $2.69 all over town....but all gas stations are sold out, and you need gas like right now, and no gas trucks are coming for weeks.....well, you go start asking people around town if they have any gas to sell you because you need some for you car because you need to get somewhere right away....well you finally find Joe Blow on 7th ave, he has 7 gallons and wants to keep it...BUT, he says he will sell it for $50 per gallon.
think that it will end is an assumption
@@zarni000 Agreed. Lots of speculation but equally lots of indications towards financial crisis causing fiat to skyrocket and therefore gold and silver to as well (silver more so). Unless this actually materializes, which the laws of money say it should (see Rickards, Schiff, etc.), silver might not behave as it should in a "normal" world for a long time. But with that said, silver is so cheap relative to gold and way more practical to use in crisis times (see Venezuala) you would be a fool not to carry some amount of silver just in case.
this post is aging well
@@destinyleaks8081 Doesn't disprove the main thesis. The strength of the dollar depends upon suppressing PMs. It's literally a national security issue.
@@zarni000 are u kidding me :D:D:D:D:D read about silver and where it used, omfg that is the most retard comment EVER l mean EVER
This man gets straight to the point, I like it
Respect for Ed Steer!
Probably one of the best video about metals rigging. Thank you for sharing your knowledge. BTW they should take away silver JPM accumulated.
I want another 2 years of low silver prices so I can stack up to 2000 ounces:) Then the banks can lift the shorts and 10-30x silver and gold.
except they wont. you can buy 10 000 ounces and it still wont go up. then you're stuck with a pile of metals collecting dust
Own your body weight in silver! 2 more years of manipulation, please and thank-you ;)
@@MrLTiger It will skyrocket. For every action there is an equal opposite reaction, the further and longer they suppress the price the explosion in price will keep increasing in magnitude.
Fast forward 2 years later and JP just got slapped with a BILLION dollar fine for this!!!
So the manipulators are concentrated, those writing the call options same as being short. And they dump silver to depress the price so their short call options expire worthless. It's an income strategy with guaranteed income because you can keep pounding the price down. They're writing covered calls. You write puts hoping the price goes up, you write calls hoping the price goes down. If you write covered calls and have 150 million ounces in a vault you can push prices down dumping silver. Maybe you write puts where the silver gets put back you. Why not assume all 8 manipulators have a physical stash? Why not assume if they all were forced to liquidate they'd have to dump silver on the market? Notes: 195,000 contracts or 959 million paper silver ounces, 5000 ounces per contract. 49% are shorted by 8 traders. The largest 4 traders are 29%. So JPM has been accumulating silver ounces either buy outright physical purchases, or buy writing puts? 8 traders are short 120 days of silver production are being sold short. All told 420 days are being sold short. So if they were ordered to stop this game the question is, do they dump their silver? Or do they hold onto it? It seems to me there's an artificial supply of silver overhang that could depress prices.
On the other Hand JP Morgen has more power to supress the siverprice by real sales of silver for a very very long time.. for what reason ever...
Thats what Lehman brothers thought. JPMorgan/Jamie Dimon will get a margin call too, this time from the Common Man.
The problem is the paper people think it will last forever. Funny, they are the ones that cry when it fails.
its enough to give a bank traitor a heart attack, more precisely a dissection ...
This is why I like CEF, aka Sprott Physical Metals. They used to be Central Fund of Canada and allegedly keep the customer's bullion in cages, if anyone knows otherwise, please advise.
Everyone that invest in Physical silver knows this shrewd system so now what?
♂TheSilverlover999♂ buy while it's cheap
anytime I buy, I always make sure that I get the cheapest silver with the lowest premiums. I usually melt them down anyway bullionexchanges.com/1-oz-generic-silver-rounds-bars
I trade paper silver and then invest profits in Physical Silver. Just 500gm till now - started 4 months ago. regards,
So there's still another $15 an oz to squeeeeeeze out of you metalheads!! CRYPTO FOR THE WIN
When will JPM be held accountable? City Group too !
Never
It is a gift from JPM to us all, smile & say thanks JPM as you place order another order, stock up now while you can at this value pricing, you will be kicking yourself later if you dont.
.....can you imagine the economy tanking and the monetary reset sending gold to $ ?......and silver to 5 bucks?.........how would constitutional coinage play into this?......worn out silver dimes will not be a good idea unless they restamped them.......would post 1965 coins be a better hold of wealth than paper dollars?.......in a extreme barter would paper be worth anything?......we don't know what deviousness resides in the heart of the rulers
Considering the fact that they short using it every day. I would have to disagree with you at the current time. Down the road.. maybe if the powers that be would ever pull heads out of ass and prosecute.
Later when? Will any of us still be alive?
So my question is, could JP Morgen, short sell down the price, than when the price goes up, claim they liquidated their physical silver, but hold it as ensuring they won't go under like Beare n Sterns. Maybe they get more shady as hyper inflation happens, causing volatility and go through restructuring, when silver to gold ratio gors to 20: 1 they swap a portion lowering the silver prices. Acquiring more gold in the process.
@@davep6192 they own the fed behind the curtains. they pioneer the monetary reset that is coming between now and 3years
Silver/gold price towards the end of 2020 ....blast off. You have about two years left to stack before JPM let's go of its grip on the manipulated market price. JPM should have close to one billion ounces of physical silver stashed by 2020-21.
I think the death of supply will bring about any serious changes in price. If the prices stay this low or go lower, we'll see a lot more RMC type situations.
And where does Bitcoin fit into all of this? You can't just sit by and watch the world change and think "it's just s a scam.."
Let em manage the price while we drain the coffers of physical metal :D Keep stacking!!!
You've spouted out your opinion but you haven't specified a better way to protect ones self against fiat currency. Please enlighten us with your all encompassing knowledge of the economic system and how stacking metals is a pointless standing point against inflation. Try buying a loaf of bread with a piece of paper or a plastic card in your wallet when the shit hits the fan. All societies rise and fall but silver and and gold will always hold their value.
@Gemcitykid I partially agree.
How do you compare this manipulated price of Silver against failing Fiat currencies? Look at Venezuela, for example......What does that tell you about Silver?...
rino bin miswari good point ! as of 8/ 2/ 2018 the inflation there is over 1000000%. Thats 1 million percent ,again . Don't trust fiat .
Apparently one oz of silver = 1.26 million Venezuelan bolivars, which is equal to 17.9 USD.
What if they suppress it forever?
Thanks Ed, You're a gentleman and a scholar. keep informing us who don't understand all of this financial stuff. Thank you.
I always have trouble understanding how shorts "cause" a drop in prices in any asset. If someone could explain that it would be lovely. Just because I bet on something, I don't see how that causes a result.
On an example of a publicly traded company: if a large (institutional) shareowner decides to immediately sell a large quantity of its stock (for example 10% of the company), this will bring a downward pressure to the stock price ie the price might suffer a dramatic short-term price fall.
It’s quiet simple actually, trust me I’m no math genius. Check this out: when you buy something, you basically create demand for that asset, and when you sell it, you create the exact opposite pressure. Now when you sell short, you borrow the asset (this is key because since you don’t buy it, you don’t create an upwards pressure), and then when you sell that borrowed asset, you create that downward “sell” pressure, and since you don’t own it and therefore never actually bought it, you end up with a net negative on the price.
This is even better in 2021. Can Ed get us more infors on our current situation?
economics 101- price fixing creates shortages. At some point physical delivery of precious metals will only occur at prices much higher than the COMEX fix.
Is this a way to hide dollars to avoid inflation?
Yes.
Most people can't afford to buy land. They can afford to buy an ounce of silver for approximately 15-20 dollars. They would then be further ahead than if they hadn't. It's easier to put away 20 dollars a week and to invest in something that you can physically hold that will maintain or even gain more value over time than to hope to save thousands upon thousands for a piece of land that you may see no real returns from. You may even lose money with the taxes that are levied by ownership of land.
This guy is dead wrong. Commercial traders are not just banks but include any traders who makes trades for other businesses and institutions. If I am a large wholesaler in metals and have inventory I would call my trader and have him buy put options in case prices fall for financial protection. Since I like most large wholesalers, dealers and miners rely on loans to provide capital for day to day operations, If prices fall enough to go thru the strike price and I am in the money my lender will not call and demand to pay down the loan or put up more collateral as I have just increased my capital by the options. Take JP Morgan who like other "bullion banks" act as clearing houses for physical metals but also act in their clients behalf if they need to hedge. They also buy and sell for their own account. If demand is exceeding current supply they simply sell to those who need metals like wholesalers, large dealers, industry, etc. The fact is there are more brokers/dealers in the commercial category than banks. If there is more supply by miners and refiners they simply buy again for their own account. Now since they also sell the idea that the commercials are suppressing prices is total bullshit Do you really think any seller is going to lower prices when they sell?
Now his statement that miners do not hedge is also bullshit. Without hedging and in cases where the price drops and they are forced to sell at lower prices, it is the hedges that make up the price difference.
There are two types of commercials: Institutions and Corporate traders. Institutions usually trade for manged portfolios and corporate places trades to enhance or protect the revenue of the businesses they are hired by.
Why is the volume on the Comex so large and more than inventory? For one most trades are hedges. If I want to buy large amounts of gold I would go to a physical market and buy like from JP Morgan who would either sell from their own account or act as a broker with the seller being a mine or large wholesaler. The other reason is that dollars are being hedged both long and short and this is done by currency traders, other traders, multinationals who need to hedge their dollars in foreign markets and of course speculators. Since the dollar is the most traded currency on the planet and if you hold dollers you must hedge hence the volume. Those that promote metals are either clueless of this or they ssimply ignore it as it does not fit into the narrative they push.
Also for over 6 years the alt media has claimed that Morgan's silver holdings are for one purpose and that is to push silver up "any day" to record prices. They have not and will not. 70 to 80% of demand is industrial, manufacturing and retail jewelry and all depend on low prices. The metal has simply moved from a monetary based metal to an industrial based commodity. Since it is rarelused anymore in most monetary systems this also has effected demand. Another factor is that because of the constant flow of new technology the amount used in products keeps going down. Solar panels 10 years straight. Still another factor is that there have been surpluses for 100 years and not deficits as claimed. Go read David Morgan for this. Combining both mines and recyclers/refiners has produced these surpluses. The stats simply do not include the vast amount of small, (mom and pop) and medium businesses that keep adding to supply. They are never contacted and left out of estimates. Currently there are 4 billion ounces of above ground supply.
Bottom line is that silver has been one of the largest scams on the net with unrealistic prices forecasts of $100 to $940. A store of wealth today? Ask those who bought silver in 2011 and for that matter gold. Most are angry for rotating out of equities as they could have been sitting on small fortunes instead of being underwater. Many have sold for losses and moved into cryptos and you can't blame them.
As we move into the end of 2018 the capital flight out of Europe will again accelerate as it has been collapsing and move again into dollars and the Dow. This will cause both to move much higher and commodities will be crushed including gold and silver. There is an old saying, "Follow the money"!
This guy probably has given one of the most detailed explanations of the manipulated silver market, and there's only a handful of people listening to him at the presentation, which speaks to the collective ignorance the public has on this matter.
It's all bla bla bla,who makes money on silver ,the seller only ,bought silver for 15 years and have lost on EVERY purchase.
so the commodities markets are worse than a Casino....might as well go to Vegas...
Excellent analysis
So JPM is helping the world by keeping silver low.... buy low right
So is JP Morgan long or short (silver stock in vault vs silver position on Comex)? What is the net position.
The net position is: JPM is long 575 million ounces (in physical silver, which they are holding in their vaults mainly in London, according to information that Ed Steer says he received from Mr Butler). Of course, that was over 1.5 years ago (690 million ounces physical MINUS 114 million paper short on Comex). They are probably long more than 575 million ounces NOW, since the price is 12 per ounce today. Interestingly, physical silver is very scarce at the moment (ie there is a $5 -$10 PER OUNCE premium over $12 spot silver while this is being written). WOW
Craig Hemke calls this a "fractional reserves/derivatives pricing scheme." That is a great label.
What happens to cooked bankers?? Let them know!
Great Video you did a good job.
Demand delivery of metals and whole thing comes down.
Actually, if you trade on the COMEX you sign an agreement where it states clearly that your counter party can refuse physical delivery and can compensate you for the spread instead of delivery.
In that case, the COMEX truly is a paper market with a bit of physical trading happening.JP Morgan is going to corner the market at some point based on that graph showing their physical holdings.
This is true. They do not have to deliver the metals only the cash to cover them. I don't know why people think they can just demand payment in metals when legally they don't have to and don't.
Delivery of metal is on the china gold exchange. not the comex. As usually they pay 20 dollar higher on china exchange.
No speculator's, problem solved. Only physical sell / buy allowed in the published spot price.
What's the difference (or definition??) of "reportable positions" vs "non reportable"? (From the Trader's commitment report @ 2:00)
I am not sure but from his speech the non-reportable positions are those of retail traders. Each individual has very less open position in his/her account, hence non-reportable. regards,
Who is John Gault
If you play in a rigged game,you deserve to get screwed.
@Steven Roy Correct. everything is rigged. Economy right now going down the s bend yet the market is healthy.
JPM has a large short position in silver. It is not in their own best interest to cover a large portion of that short when the price tumbles below $12 oz as it is now? Is there any evidence they are doing so? Does anyone know?
Is it illegal what JP Morgan is doing
No, this is insurance for their long position. It is similar to buying insurance on your house.
@@Ryan_Tinney No. It's illegal to short and then use that advantage to buy low. And peg the real asset price to it. We have corporatations that align with our government which just looks the other way and/or benefits from a fine. Totally illegal. It must end and it will.
One JP Morgan bastard finally convicted...More to come.
@@kathrynj.hernandez8425 A little slap on hand like Merryl Lynch
retail tells you the REAL price of goods and services. you pay a certain amount of cash for a real product, with REAL demand. this is why silver metal is going for 20 and ounce and paper is at 13. that's a seven dollar spread. HUGE disparity.
I hoop you come Back another Day Great
So why would JPM do this to Silver price? Stacking.
The speaker actually mentions it. Americans want to show the world that the US dollar is very strong. Now Trump wants to buy Greenland from Denmark. So US government will issue government bonds, FED will print money out of thin air to trade for bonds and that gives US government the power to buy real assets or invest into it's military. Clever system. You just create paper and buy stuff/invest. Don't think Denmark will sell though, not even for a couple of trillion dollars.
IF YOU WANT TO GO LONG, OR BUY SILVER ON THE COMEX, YOU DO NOT HAVE TO FIND SOMEONE WHO WANTS TO GO SHORT, THIS GUY IS WRONG. YOU JUST BUY AT THE MARKET......
Really interesting talk Ed. Great overview. Much appreciated from Australia
its mid 2020????
The BIG SQUEEZE IS ABOUT TO GO DOWN
#silversquueze
Just a quick question here. If and when JP Morgan and others start to sell their Silver wont this huge amount cause the price to eventually drop ?
90repairman What if the world's governments or BIS are looking to go with a silver backed world currency and JP Morgan caught wind of this? Their silver holdings would be totally worth growing and holding on to, even if the price isn't going up. They have the chops to do this all while suppressing the market price to make accumulation easier. Then the reset happens, USD is worth a tenth of it's former value and silver is worth a lot more instantly.
If they can accumulate by rigging the price low then they can distribute by rigging the price high :-) regards,
Why are they managing the PRICE????
The producers don't trade directly on the exchange but with the banks and it's but natural that the banks will be short on Comex and long with the producers who lock in the price of their production!!
That was really excellent. Thanks.
Gold Silver 1051 + 621 HONGKONG
Hongkong Stocks: G-Recourses + TAUNG Gold
Have they been shorting to accumulate or prop up fiat ? The latter idea seems pretty impossible.
And we thank you!
Great video, great content
What if they're stacking because they know the president can be forced to revalue gold and silver at much higher price one day?
16:40 contradiction.
Gold and silver at one time was a good part of your life ,until government figured out how to control the value,now it will never be worth much unless the controller starts to buy silver
buy silver 16dollars is cheap..crisses will come 1 day..gols.to 3000 ..silver to 500 possible ..somebody must stop manipulation
the futures contracts are worth 5000 ounces of silver per contract.
I got 6 kg bullion
Didn't Warren Buffet take advantage of this when he bought up all the silver a decade or so ago? I remember hearing about it and I am pretty sure silver prices spiked up quite a bit.
Greg Mccoy - Warren Buffett is a self serving POS.
2009 was 50 an oz as I remember
David Watts it’s weird
what u say is true and yet i still hold Berkshire shares. but i ain’t so sure for how long.
All the countries know silver market is a fars . so they can Horde as much as they can until they are forced to correct it ! So will it Be God and the CV-19 ?
why dont miners have there own refineries and own market themselves avoid the Comm
Not 8 shorting traders but 8 demons.
....it's a bit of an assumption to say they will ever stand aside. they don't have to. jp morgan works for the fed
THANK YOU TOO! very interesting!
So if they're stock piling silver in order to guarantee maximum call writing profits, and if they're are being told to stop, won't they dump their ounces depressing the prices? They're not really short if they've got 150 million ounces sitting in a comex vault. They're writing covered calls. How to validate you're claim they have another 500 million somewhere else? Based on their futures contracts writing?
The COMEX July delivery was just over 81,000,000 troy ounces of silver.
Hi ho silver away.!! I ran down to Boca Raton yesterday. I cleared out the guy's remaining Walking Liberty's. Literally 5 minutes to spare. He's a non-essential business. Palm Beach County shut him down as of 5 pm last night. Who knows when he'll open again. I guess when the paranoia subsides a little.🤔
@Gemcitykid no because it's not going to be an economic collapse. I'm going to do with the Chinese are doing right now. They're dumping US Treasury bonds. And buying oil with it. Hyperinflation will be in food, gold and silver. Everything else is going to tank in value.( Devaluation). And that's when I cash in my precious metals.and by multi-family apartment buildings
Whoooa neeeeeeely a government contract, wanna buy a ten year bond?
so if we have so many intelligent ppl out there...why are all the dealers in world out there selling gold and silver at a price set by the comex which is manipulated or not the real number?!?!?!?!? all contracts of gold set by the comex rpresents only 0,1% of all gold out there...so 99,9% of the gold out there is not for sale cause ppl are hoarding it?!?!?!
same goes for silver! so this manipulation would last forever if JP morgan doesn't deside to sell silver!!!!
March 16, 2020: The shorts were right.
You think so? Check who add massive amount of short recently.
@@michaewelina7983 I'm talking about recently when silver fell from 17 down to 14. Hopefully the price will decouple from the paper market soon. Demand outstrips supply, and silver is getting HARDER to find.
@@Project2013B That already happened, from about week you won't buy anything at paper price from dealers, there is no supply either.
@@michaewelina7983 Whoever shorted silver, made their money and is out now.
@@Project2013B Nope they are still there, but no worry they will get bail out soon.
How can we stop this manipulation?
No corporate bailouts for crooks!
Banks like jp Morgan have large shrt positions because they have large physical positions this guy didn’t mention its called hedging every large owner would hedge or protect their risk jpm is a public company owned by their shareholders like you buy insurance on your car or house large shorts always a very positive for prices when the large shorts buy back the short price rises this is a normal market thing i love hearing the big traders have big short position means some day they buy back the positions putting upward pressure on market i only have 40 years experience in futures market if you own silver or silver stocks you want big shorts. I know jpm very well i like the company and thrilled they have big futures position very positive for price of silver
Many people really have no idea what hedging means. All institutions do this but to explain it to people who have no idea they think it is a giant conspiracy.
@@Ryan_Tinney The problem is when shorts are used to artificially knock down the price. These low prices are likely to cause a collapse in silver supply if they continue or go lower. The shake out seems to have started. Check out RMC. I'm sure they could have covered up their shenanigans a lot longer, if there was more margin in the silver market.
@@BigTomInTheBasement THIS^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Hedging is one thing. Colluding to manage the price of the asset down to go in and gobble up huge portions of the market is something else entirely. If you think finance isn't a government backed series of cartels you really haven't read the history of the 20th century and would do well to. Hell you could just go as far back as 2007 to now to get a glimpse.
All these guys that have all this silver physical what do they do with the prophets buy gold buy restate borrow on it etc.
I used to check kitco for precious metal prices but now I check eBay
I just buy silver. Too much info.
the bank has been stacking so they can control the market and sell low to who ever needs silver since they have a lot. go to them because you'll get the best rate DUH. we need silver in everything now. Phones, Yoga Pants, Tv's and solar panels. They have been saving to sell little by little and not have to mine for more. seems like they have agreed on a price point their buyers are ok with at the $15-$17 range and its gonna be like that for a while. thats the going rate you know the meng.
Corrupt JPM's - HTF can he keep getting away with his Silver Crimes? .. Jail This CEO ..
Thank You!
Mind blowing
So, JPM has a lot of paper silvers at prices of 10 dollars?
BUY the JUNIOR MINERS!!
I can recommend NEXUS GOLD and FIREFOX GOLD!
They still have yet to move and when they do (as the majors need more gold) it will be out of this world.
We are talking 200-300x returns (it might even be bigger) based on 2011, when else do you have these oportunities!!!?
Do your own research, buy when cheap sell when its high. Simple. Juniors wont go further down!!!
Happy loading up, your future self will thank you!
Amazing thank you!
Hope to see his Lysol this year
GoldMining!✔️👌
Silver is like wisdom. It shines like nothing else and is hated by the gov. Gold is like your self worth. The more you have it, the better you feel and prosper. Debt is like narcodrugs. Politicians say they fight them but the result is opposite. Fiat currencies are like filantropists. The more of them, the faster collapse of society.
Nothing Changes!
- John Rambo
$16.76 - (£12.55) on the 11 Jun 2018
John Holland 10,8€ on march 17 2020
Silver is on the Rise...Time to buy ....before the price skyrockets.....Click on the Silver Horse to get yours ....
silver? I thought cocaine?
What will Jp Morgan do now ?
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The truth for once.
QANON IS IN THE AIR QMAP.PUB
JPMorgan silver holdings should be confiscated
THIS IS BS SEND THIS TO THE DOJ