JP Morgan has accumulated another 8.3 million ounces of silver in just the past 2 weeks alone. JP Morgan may be holding as much as 350 million ounces of physical silver Which corrects the price. Your email address will not be published. That JP Morgan - and or some traders - were cornering the global silver market. By 2012, they had acquired 5 million ounces of silver bullion. From Business: Find out how Chase can help you with checking, savings, mobile banking, and more. JP Morgan has been acquiring this vast hoard of physical silver while holding the largest short position in the silver futures market, i.e. 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. Schectman and I dig into this issue and other anomalies in the market." This is hard to know but seems increasingly likely. Yesterdays AM LBMA Gold Price was USD 1,204.80, EUR 1,075.99 and GBP 779.73 per ounce. Silver was up 0.6 percent at $16.23 an ounce and platinum fell 0.29 percent at $1,137.49 an ounce. 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. JPMorgan Chase cornering silver bullion 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. The weaker than expected GDP number suggests that the Fed will be slower to increase interest rates than was previously expected. In options trading, one must remain flexible with the ability to adjust to take advantage of the unexpected moves in the market. 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the spoof has caused because there will always be bids & offers waiting at various levels, Your email address will not be published. 10. Silver Supply and Demand 2015. one seventh of a basis point on average. 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. Click here to order Kindle JP Morgan, however, seems to realise the value of owning physical silver bullion today. 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. Since 2003, SilverSeek.com has served millions of readers with the latest silver news and information. 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. That JP Morgan and or some traders were cornering the global silver market. May 1, 2015 01:30 PM . 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.. Homes Prices in Ounces of Gold; Gold Prices; Gold and Real Estate are Assets Not Investments; Silver. 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. The total JP Morgan silver stockpile has increased dramatically in the last four years. JP Morgans massive silver buying brings to mind the Hunt Brothers attempt to corner the silver market in the late 1970s. Its such a large amount, that it even creates a spike on the long-term chart of JP Morgans silver stockpile. When they failed to meet a $100 million margin call they were almost completely wiped out. Its one of those things thats been on the investment boards for ages. The total JP Morgansilverstockpile has increased dramatically in the last four years. Instead placing orders with an expectation they would be cancelled. The Company; . Just a coincidence or strong supporting evidence of manipulation? This surprise would suggest that the labour market is recovering which would be positive for the U.S. economy. Cest de la trs bonne dialectique conomique. Before their buying on the COMEX, silver traded at $6 an ounce. It seems likely. The total JP Morgan silver stockpile has increased dramatically in the last four years. #SilverSqueeze: The Greatest Short Squeeze in History? 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. The total JP Morgan silver stockpile has increased dramatically in the last 4 years. Conclusion Precious metals look the most undervalued of all the asset classes particularly silver. Is that what this is? while suppressing the silver price with its unlimited access to free money, according to Butler. Is JP Morgan accumulating silver at these depressed levels in anticipation of geopolitical and financial turmoil? Schectman and I dig into this issue and other anomalies in the market. 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. Pirocco Well-Known Member. Conclusion 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. JP Morgan Chase, the largest US bank, one the largest providers of financial services in the world and one . The Fed at their policy meeting this week said that the health of the economy is dependent on the jobs market and inflation data. Is JP Morgan accumulating silver at these depressed levels in anticipation of geopolitical and financial turmoil? JP Morgan's silver accumulation suggests another economic crisis looms large and that silver is set to soar again. In 2011, JP Morgan has little or no physical silver. This is a huge amount in a short space of time. JP Morgans massive silver buying brings to mind the Hunt Brothers attempt to corner the silver market in the late 1970s. At the time the Hunt brothers were believed to have acquired futures contracts worth one third of total annual global mine supply on leverage. Had they been in a position to meet the margin call the outcome may have been quite different. In the last two weeks JP Morgan Chase has accumulated more than eight million ounces of physical silver. 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. 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. JP Morgan, however, seems to realise the value of owning physical silver bullion today. That they'd watched the Bunker Hunts and worked out how to do it successfully. Live Silver Charts If its like Libor then its a cent at most out, and either way on any particular day. 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. GoldCore continue to believe that silver will surpass its non-inflation adjusted high $50 per ounce in the coming years. Silver Supply and Demand 2014; Suspected Silver Manipulation. Twelve Ways Gold Is Different Than Silver; The Gold Silver Ratio. 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. You have your own reputation to consider. 5. Where people were fiddling the fix by a couple of basis points to favour their own futures positions? 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. If you cant get reassurance, you dont put the bid into the market. Interest rates remaining near record lows for longer than had been anticipated should be bullish for gold and silver. Will banks take their thumb off the electronic silver market and allow prices to rise in the near future? As this would equate to a holding 42.7% of total annual supply. If the spoof is on the bid side then the spoofers have to be unloading. The Company . When markets had proper dealers who knew what they were doing,, a stunt like that would have stunk right across the floor. Silver is currently trading at just over $16 per ounce. JPMorgan Chase Chairman and CEO Jamie Dimon in his recent letter to shareholders warned. . 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. 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. 1-Hour|24-Hour| more.. Live US Dollar Index Charts This surprise would suggest that the labour market is recovering which would be positive for the U.S. economy. 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. Required fields are marked *. JPMorgan Chase Chairman and CEO Jamie Dimon in his recent letter to shareholders warned. 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. Will banks take their thumb off the electronic silver market and allow prices to rise in the near future? 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 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. Articles . Save my name, email, and website in this browser for the next time I comment. JP Morgan has accumulated another 8.3 million ounces of silver in just the past 2 weeks alone. 1-Hour|24-Hour| more.. 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. 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. Butler believes the true figure to be closer to 350 million ounces. It's one of those things that's been on the investment boards for ages. JP Morgan has been acquiring this vast hoard of physical silver while holding the largest short position in the silver futures market, i.e. 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. Click here to order Sribd. When they failed to meet a $100 million margin call they were almost completely wiped out. When JP Morgan chooses to exploit this advantage remains to be seen. There will also be no ability to store cash or bullion in their safe deposit boxes. Gold vs. Silver in USD 10 Years (Thomson Reuters). Yesterday's AM LBMA Gold Price was USD 1,204.80, EUR 1,075.99 and GBP 779.73 per ounce. 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. Spoofing. 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.. 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. FWIW, "JP Morgan Cornering Silver Bullion Market?" Discussion in 'Silver' started by picturefun, May 1, 2015. In the last two weeks JP Morgan Chase has accumulated more than eight million ounces of physical silver. Some things never change there will be another crisis, and its impact will be felt by the financial market. Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved. It seems likely. So why has JP Morgan been allowed to buy at these levels, obviously cornering the market? Regulatory authorities increased margins which saw silver prices fall and the trade go against them. Your email address will not be published. Your email address will not be published. In 2011, they had little or no physical silver. 1-Hour|24-Hour| more.. Live Gold Charts Some things never change there will be another crisis, and its impact will be felt by the financial market. 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. Joined: May 24, 2011 Messages: 4,915 Likes Received: 161 Trophy Points: 63 Location: EUSSR. Ive written several blog posts and an article in The Hill criticizing the US governments obsession with this conduct. JP Morgan's massive silver buying brings to mind the Hunt Brothers' attempt to corner the silver market in the late 1970s. Breaking Gold and Silver News and Research Here. Forbes magazine's extraordinarily arrogant contributor Tim Worstall Jeremy Corbyn. The Analysis And Discussion Provided On Silverdoctors Is For Your Education And Entertainment Only, It Is Not Recommended For Trading Purposes. MARKET UPDATE: Today's AM LBMA Gold Price was USD 1,179.00, EUR 1,049.24 and GBP 771.04 per ounce. Yesterdays AM LBMA Gold Price was USD 1,204.80, EUR 1,075.99 and GBP 779.73 per ounce. 1-Hour|24-Hour| more.. AustralianDollar Silver Charts Is JP Morgan accumulating silver at these depressed levels in anticipation of geopolitical and financial turmoil? JP Morgan has been acquiring this vast hoard of physical silver while holding the . However, it doesnt even rise to the few basis points level in terms of impact. - Why is JP Morgan accumulating the biggest stockpile of physical silver in history? 374 Central Ave. Jersey City, NJ 07307. The difference. JP Morgan has accumulated another 8.3 million ounces of silver in just the past 2 weeks alone. In 2011, JP Morgan has little or no physical silver. "The worst of the market volatility is behind us and both stocks and bonds look . 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. OPEN NOW. 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. By 2012, 5 million ounces of silver bullion. But the thing never gets mentioned, you can only do this in a thin market. 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. while suppressing the silver price with its unlimited access to free money. Todays AM LBMA Gold Price was USD 1,179.00, EUR 1,049.24 and GBP 771.04 per ounce. In Europe in late morning trading gold bullion was off 0.34 percent at $1,180.44 an ounce. By 2012, they had acquired 5 million ounces of silver bullion. 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. 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. 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. As this would equate to a holding 42.7% of total annual supply. 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 Chase. 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. Precious metals look the most undervalued of all the asset classes particularlysilver. Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved. 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. However, the veracity of some of the jobs numbers remains in doubt with some analysts concerned that figures are being hedonically adjusted and manipulated. The Commentary On Silverdoctors Reflects The Opinions Of The Doc And Other Contributing Authors. Performance of Precious Metals in 2020 (USD). Your Own Due Diligence Is Recommended Before Buying Or Selling Any Investments, Securities, Or Precious Metals. Regulatory authorities increased margins which saw silver prices fall and the trade go against them. 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. 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. by Mark O'Byrne. GoldSeek Radio Nugget -- Bill Murphy: Up, up and away, for Gold and Silver Silver rally stops TD Securities out of tactical short. Sounds scary, and relatively easy to prove, given the electronic fingerprints. 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. 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 Cornering Silver Bullion Market? 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? 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. The story has become the stuff of legend in the annals of precious metals trading and indeed trading. 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. Silver was up 0.6 percent at $16.23 an ounce and platinum fell 0.29 percent at $1,137.49 an ounce. 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. JP Morgan has been acquiring this vast hoard of physical silver while holding the largest short position in the silver futures market, i.e. Gold recovered after an almost 2 percent drop yesterday when stop loss orders were triggered in a brutal sell. The Doc Is Not An Investment Adviser And Information Obtained Here Should Not Be Taken For Professional Investment Advice. 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! In the last two weeks JP Morgan Chase has accumulated more than eight million ounces of physical silver. The total JP Morgan silver stockpile has increased dramatically in the last four years. while suppressing the silver price with its unlimited access to free money, according to Butler. Be prepared for the trading day, Futures Research. It seems likely that a major event is imminent in the markets and demand for physical gold and silver will likely soon surge again. A tumultuous week saw the dollar and bonds fall sharply, bond yields soar and stock markets in Europe and the United States weaken. A short corner on the gold market at $1700 and now a long corner many of hundreds of dollars lower. This seems increasingly likely. 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