Gold and Real Estate Are Assets, Not Investments. In contrast, the only reason JPMorgan has acquired half a billion ounces of actual silver is for the express purpose of making as much of a profit as possible. Despite a compelling desire to shield its silver accumulation from public scrutiny, some important visible clues have emerged pointing to JPMorgans actions since April 2011. Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items. FAIR USE NOTICE: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. JP Morgan now holds 133.1 million ounces of physical silver and the world record for most silver held under one name. Admittedly, the vast majority of the investment world has little interest in silver and thats unlikely to change any time soon. JPMorgan knew and knows that the amount of real world silver available for sale is limited by a few indisputable facts, namely, there isnt much to begin with (say 1.3 billion oz in the form of 1000 oz bars) in the whole world and of that amount only a small percentage is ever available for sale at current prices no more than a few percent. COMEX serves as a market primarily for traders looking for exposure to the price of silver, not for those looking to acquire physical silver. Between 1973 and 1980, the Hunt Brothers acquired 100 million ounces of physical silver bullion holdings. The best part about this amazing story is that it offers the investment opportunity of a lifetime. What I want to say is that the silver futures market is very overcrowded now (the highest open interest in history). The numbers are clear in the reported data on SLV which must be recorded quarterly by the major institutional holders. Instead, JPMorgan has pulled off the accumulation of the largest silver hoard in world history on declining prices. At current prices, an entire years global silver supply can be bought for about $13-14 billion. Warren Buffet, an outspoken gold critic also once owned 130 million ounces of silver. The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. The largest short position ever holds the potential for the greatest short covering rally ever. The Recovery in Reverse, How A Stock Market Crash Will End the Economic Recovery, What Happens After The Next Stock Market Crash Poll, Will Greater Adoption Mean Higher Bitcoin Prices, Why Saudi Arabia Matters in Helping to Keep the U.S. Dollar as The Worlds Reserve Currency, accumulating a large percentage of the record number of American Silver Eagles, bandied about for the better part of a decade. JPMorgan has amassed a physical stockpile of silver of at least 600 million ounces by my calculations at an average cost of around $20 an ounce, all while continuing to make More amazing than anything else, the one thing JPMorgan can do to cash in like no one has ever done in silver is, well, nothing. No longer is the largest COMEX silver short subject to extreme financial damage should silver prices explode. Simple reasoning also dictates that those holding silver, along with JPMorgan, will profit immensely when the bank does what it can to insure the highest possible price for silver. I think I was wrong. $.post('https://munknee.com/wp-admin/admin-ajax.php', {action: 'wpt_view_count', id: '73341'}); If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. Because the entire time JPM was buying silver, it was still managing the price lower on the COMEX by maintaining and managing its manipulative paper short position. COPYRIGHT & DISCLAIMER: Lorimer Wilson is not a registered advisor and does not give investment advice per se. Silver must be .999 fine and stored with COMEX approved depositories of which JP Morgan is one. For the past few years, less than 100 million silver ounces were available annually for investment after other silver demands were met. It is called "Prudence". However, this week SLV added vast amounts Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. Should any post be deemed to be inadvertently in contravention of these Acts' terms please advise with substantiation of such apparent contravention (i.e. JP Morgan, the largest U.S. commercial and investment bank, is increasing its stockpiles of silver, betting that prices will move higher as inflation begins to take hold. We have often remarked how cheap siver is in nominal dollars per ounce (under $16.50 an ounce at the time of this post) and in relation to the price of gold as measured by the gold silver ratio that is about 72 to 1 today. For starters, 50 million ounces is ten times less than the amount of silver that is locked in silver ETFs (JP Morgan is the custodian for SLV, the largest silver ETF) and less than 7% of the annual global silver mining production. Additionally, a group of 44 plaintiffs submitted to the U.S. District Court for the Southern District of New York a class-action complaint accusing JP Morgan of the manipulation of the silver market. Silver contracts on COMEX are traded in 2,500 and 5,000 ounce increments. will be paid a commission. Lorimer Wilson Here's the latest report showing JP Morgan holding 6,042,752 shares (ounces) increasing their holdings in SLV by 4,819,640 shares or 500%. So, in just four months of 2017 JPMorgan added more silver than in 2016 or 2015. It will be the greatest short covering rally in history. Do yourself a favorfollow JP Morgan's advice and BUY PHYSICAL SILVER at these low prices. Their last reported 13F filing for Q3 2022 included $696,376,356,000 in managed 13F securities and a top 10 holdings In 2008, JP Morgan took over Bear Stearns a huge trader in silver futures derivatives after its collapse. Yet does such an large increase in silver holding signal JP Morgans intention to corner the silver market? And 20 thousand contracts control 100 million ounces of silver. They were bailed out by the Federal Reserve to the tune of one billion dollars but just later were tried and fined hundreds of millions in court. The question is: what is it? The spot silver price closed the week decidedly over $23 oz, while the spot gold price closed near $1800 oz. (see chart above) Mr. Keiser initiated a buy silver crash JP Morgan campaign on the theory that JP Morgan would not be able to cover their short positions. For more than 30 years, COMEX silver futures have had the largest short position of any commodity in terms of real world production and inventories. In my previous articles I emphasized that the silver market is very hot now. Thanks! Here's This report is cut off as of the end of the 1st quarter so when the second quarter is posted you can bet that this number has increased substantially. The value of the silver market is small and if you believe the silver manipulation theories, JP Morgan can make more money selling paper silver futures contracts every day on COMEX than acquiring 800 million ounces of silver and then trying to sell it all on the market at a profit. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Other Bullion Banks Acting as Approved COMEX Deposotories and their Silver Stocks. Thats guaranteed because the COMEX silver short position is the largest and most concentrated short position in history. You see, it has been JPMorgan who has put a cap on all silver rallies over the past five years in order to contain prices so that it could add to its massive physical holdings at cheap prices. buy as much silver as one is capable of buying. I have no business relationship with any company whose stock is mentioned in this article. This lawsuit was turned down by Judge Robert P. Capability, however, doesnt equate to intent. Silver is also prized for its beauty and is used to fashion jewelry. I have no business relationship with any company whose stock is mentioned in this article. By soon, I mean that the move can commence at any time, but more likely before many weeks or months have gone by. By a matter of time I am referring to days and weeks. After making this large and relatively safe investment, however, they took a chance on some riskier trades including the COMEX silver futures contract exchange. Its taken five years for JPMorgan to acquire 500 million oz for good reason that was all it could buy without driving prices higher. It will be the greatest short covering rally in history. JPMorgan Chase & Co. (JPMorgan), a New York, New York-based global banking and financial services firm, has entered into a resolution with the Department of Justice to resolve criminal charges related to two distinct schemes to defraud: the first involving tens of thousands of episodes of unlawful trading in the markets for precious metals futures contracts, and the second The content provided here is for informational purposes only. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site. Max Keiser astutely pointed out in 2010 that JP Morgan did not have enough silver in its depository to meet large requests for physical delivery in connection with their COMEX short positions. At the heart of the unprecedented move higher in the price of silver is the manner in which it will occur. Now the bank holds as many as. Still, even among those who follow silver closely, remarkably little is mentioned about the one factor that just about guarantees much higher silver prices ahead. One day we will win and we will take our freedom back but for now the best we can do is KEEP TAKING THE FIGHT TO THEM! Well, let me digress a little bit on this issue. As I have also previously explained, I believe JPMorgan has melted down these coins into 1000 oz bars to best prepare for sale eventually. DISCLOSURE: It is our intent that all posts on this site be in accordance with the requirements, restrictions and terms of the Copyright Law of the United States and all other copyright treaties to which the United States is party and more specifically of the Digital Millennium Copyright Act - Blogger . In addition to being the largest dealer in OTC precious metals derivatives contracts, JPMorgan was suddenly thrust into the role of being the largest dealer in gold and silver on the COMEX, as a result of being asked (by the US Treasury and Federal Reserve) to take over the failing investment banking firm Bear Stearns in March 2008. The total value of the record number of American Silver Eagles sold in 2014 was less than the amount of the fine that JP Morgan paid to settle the its London Whale case. JPMorgan actively hoarding silver bullion (these guys at. Reproduction without permission prohibited. My articles are based on facts and figures so let me show a few interesting figures. Rather, JP Morgan would more likely buy good delivery large silver bars eligible for trading on COMEX. Now not only. Silver Will Soon Move Suddenly & Shockingly Higher Heres Why (+56K Views), Automatically receive the internets most informative articles bi-weekly via our free bi-weekly Market Intelligence Report newsletter (sample. When JPMorgan decides it has enough silver, as I believe it is close to now the price will soar if it does nothing and refrains from adding new shorts on the COMEX. Please Donate Some MONEY to munKNEE.com Thank You! JP Morgan is the "custodian" for the largest "long" silver fund in the history of the world, making this one of the largest conflicts of interest in all of history. In other words, silver prices continue their downward trend that started on April 17. This is truly the perfect crime buying a corner on the physical silver market cheaply, by maintaining a short corner on the paper COMEX market. The other big player, SLV, has been reducing its silver holdings. As I discussed in my previous articles, the silver futures market is very hot now. We are making such material available in our efforts to advance understanding of financial, economic and investment issues, etc. Il propose des spectacles sur des thmes divers : le vih sida, la culture scientifique, lastronomie, la tradition orale du Languedoc et les corbires, lalchimie et la sorcellerie, la viticulture, la chanson franaise, le cirque, les saltimbanques, la rue, lart campanaire, lart nouveau. Mr. Fisher earned a BA degree in history from Harvard College in 1980 and a JD degree from Harvard Law School in 1985. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. The prime one is Citibank as I pointed out a while back. I'm not saying that JP Morgan is completely out of their silver short but they may now be very, very close when you put all their various silver holdings together and net them out. JPMorgan does nothing special - the bank is simply protecting itself against the increased withdrawals of silver bullion. Every week I surf the net on your behalf looking for the 10 most informative articles written by the best commentators/analysts out there which I then edit and abridge before posting to provide you with a faster, and easier read. JPMorgan hoarding large amounts of silver bullion? JP Morgan has paid a staggering amount of fines since 2011. However, not this time. If that is the point, it means that. SG presents no warranties. Professional experience comprises about 20 years in a number of financial and industrial companies. Click to Buy Franklin Half Dollars Average Circulation, Click to buy Mexican Silver Libertad coins, Click to buy Morgan Silver Dollars from Golden Eagle Coins. JP Morgan and Silver JPMorgan and its affiliates* own and/or control** between approximately 432 million- 582 million ounces of silver. Franco Nevada is the largest silver mining share holding of JPMorgan and/or its investment affiliates. JPMorgan ChaseBank N.A., London branch is the custodian of the SLV Trust. Ounces of Silver in Trust as of 26-Aug-2016: 356,894,478.60 SLV is the largest silver ETF in the world with over 350 million ounces. Sign Up For Smaulgld.com Updates Here! enter your donation amount, click the box if you wish to make the amount a monthly donation, and then click on your choice of payment method. JP Morgan is the lead rigger of the market, according to some reports, and stands to lose multiple billions if a short squeeze like GameStop happens in the silver market. No matter your take on the debate, one thing is clear. The suit by hedge fund manager Daniel Shak Further, in April the bank increased its silver holdings at the COMEX by 13.3 million ounces, of which 2.4 million ounces were added this week only (Monday - Wednesday): It means that the rate, at which the bank is hoarding silver, is accelerating. For starters, 50 million ounces is ten times less than the amount of silver that is locked Please do your own research regarding the suitability of making purchases from the merchants featured on this site. When silver prices rise sufficiently, the remaining shorts will panic and begin to try to cover their short positions. Today, it also owns 50% of the worlds COMEX silver bullion. Ill get into what JPMorgan must do to insure the highest possible price for silver in a moment, but first let me establish that the bank has acquired 500 million ounces of metal. In addition, some of the silver in JP Morgans depository belongs to clients, not JP Morgan. Click to Buy Silver Britannia coins from Money Metals Exchange. We are the #1 name in metals and a leading independent retailer of gold and silver products, including bars, rounds, and coins. One doesnt just blink ones eyes and place a market order to buy half a billion ounces of silver and call it a day takes time, patience and cunning. The paper silver market (silver futures) is overcrowded now - the total open interest stands at its highest reading in history. Check outeResearch. Is this happening to you frequently? In accordance with Title 17 U.S.C. J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries. In such a crisis it is very prudent to own physical silver (and, of course, gold). Mr. OByrne cites respected veteran silver analyst Ted Butlers contention that JP Morgans silver hoard is much larger, perhaps 350 million ounces and that JP Morgan is in a position to corner the silver market. But deciding to buy as much silver as it could and actually buying the metal are two very different things, even if you happen to be JPMorgan, with virtually unlimited buying power and market capability unmatched. How Much is a Year of Silver Mining Production Worth? Compounding the small amount of truly available supply from existing holders is the bedrock certainty that most of the silver newly mined and produced is spoken for and consumed by a variety of industrial and other fabrication demands investment demand must compete with those other demands, a circumstance highly unique to silver. JPMorgan are much smarter than me). Please. Smaulgld gold buying guides provide detailed information about a variety of gold products including the mintages, gold content and history of gold coins bars and rounds. ), like you, who have visited the site over those years. Now JP Morgan is acquiring a large amount of silver. Earlier this year, Mr. Butler surmised that JP Morgan had been accumulating a large percentage of the record number of American Silver Eagles produced over the past few years. JPMorgan is increasing its holdings at the COMEX but SLV is aggressively adding silver to its vaults (4.9 million ounces added in last two days). Having looked into the abyss with its big short position as silver soared into the April 2011 price highs, it suddenly dawned on JPMorgan how little actual silver existed in the world and at that time it decided that the right side to be on in silver was the long side, not the short side. Enter your email address to subscribe Smaulgld.com to receive free updates. From 1989 to 1990 he worked at the Bank for International Settlements, in Basel Switzerland. This buying will send silver prices skyward and then touch off all sorts of other buying, including investment buying and then industrial user buying, perhaps the most potent buying of all. The factors favoring a big move higher revolve around the incredibly small amount of, Still, even among those who follow silver closely, remarkably little is mentioned about the one factor that just about guarantees much higher, In addition to being the largest dealer in OTC precious metals derivatives contracts, JPMorgan was suddenly thrust into the role of being the largest dealer in, Perhaps the cleverest method JPMorgan has employed to acquire physical silver has been as the leading purchaser of newly produced Silver Eagles from the US Mint and, Having accumulated the largest hoard of physical silver in history and being in position to reap the biggest profit in history should silver prices soar what can JPMorgan do to bring that about? Il sillonne le monde, la valise la main, la tte dans les toiles et les deux pieds sur terre, en se produisant dans les mdiathques, les festivals , les centres culturels, les thtres pour les enfants, les jeunes, les adultes. Unlike the gold market where there are massive gold hoards at central banks and in private vaults, there are no major government silver stock piles and silver demand is met primarily by current mining production. Everybody knows that JPMorgan (JPM) is an active player on the gold and silver markets. For the past 12 years I have been publishing a unique (, I hope this request for money hasnt offended you and, should you choose not to donate, that you will still continue to Follow the munKNEE!. An independent analyst and private investor. The Doc Is Not An Investment Adviser And Information Obtained Here Should Not Be Taken For Professional Investment Advice. In this article I am trying to explain why JP Morgan is hoarding silver and what it means for investors. According to the Forbes list of the worlds wealthiest persons, there are also seventy seven individuals, including Vladimir Putin (net worth $15 billion), whose net worth is large enought to buy an entire years global silver mining production). If you like what you see then The other big player, SLV, has been reducing its silver holdings. Most silver contracts are rolled over or traded prior to their expiration and no delivery occurs. http://www.j3sg.com/Reports/Stock-Insider/generate-Institution.php?tickerLookUp=SLV&DV=yes. The information on this site was obtained from sources which we believe to be reliable, but we do not guarantee its accuracy. Silver is a very valuable metal with many industrial uses. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. By coincidence, now JPMorgan holds 105.6 million ounces at the COMEX (refer to the section "The silver bullion market is sending bullish signals"). However, if I am right that the bank expects the increased withdrawals of silver, it means good times for this metal. As the leading dealer and largest warehouse on the COMEX, as well as the official custodian and leading authorized participant of the worlds largest silver ETF, SLV, JPMorgan was in a privileged and special position to have acquired, effectively, all the newly available silver in the world for the past five years. sas5340tabafftrackvalue = ''; Gold and Silver Bullion Dealers Bullion Vault Goldbroker.com Golden Eagle Coins Money Metals Exchange SD Bullion, Government Mints The Royal Canadian Mint The Royal Mint, (affiliate links - Smaulgld receives commission for sales), Twelve Ways Gold Is Different Than Silver, Gold and Real Estate are Assets Not Investments, Twelve Ways Silver is Different Than Gold, The Silver to Gold Sales Ratio (updated monthly), Austrian Philharmonic Gold Coins For Sale, Austrian Philharmonic Silver Coins For Sale, Canadian Maple Leaf Silver Coins For Sale, Top Foreign Holders of U.S. Treasury Bonds, Janet Yellen and the Precious Printing Press, Welcome to the Revocery! Well, it looks like JPMorgan knows something the other participants do not know. Additionally, big speculators hold the largest net long position in silver futures in history. Despite the fluctuation of silvers value, it has become an increasingly popular investment. By simple logic, JPMorgan will make the largest possible profit on its silver holdings only if the price of silver climbs to the highest levels possible. By coincidence, now, JPMorgan holds 105.6 million ounces at the COMEX (refer to the section "The silver bullion market is sending bullish signals"). And I cant imagine who would be more capable of pulling this off over than JPMorgan, the best-connected and most powerful US bank. As How the heck did JPMorgan pull off buying 500 million ounces of silver on falling, not rising prices? I am not receiving compensation for it (other than from Seeking Alpha). Love podcasts or audiobooks? Its not far from the truth to say that JPMorgan has been nearly the exclusive acceptor of COMEX silver deliveries. Thursday and Friday saw volume increases in many silver investments, including a big jump in volume on the silver ETF SLV. I am not receiving compensation for it (other than from Seeking Alpha). JPMorgan that makes all that mess and dominates the silver physical market. That factor is that the USs biggest and most important bank, JPMorgan Chase, has accumulated the largest privately owned stockpile of physical silver in world history over the past five years 500 million ounces. The bank has never been better positioned for a silver price explosion. How To Buy Austrian Gold Philharmonic Coins, How To Buy Canadian Gold Maple Leaf Coins. By unprecedented, I mean that the price of silver will move suddenly and shockingly higher in a manner never witnessed previously, including the great price run ups in 1980 and 2011. registration number) and the article in question will be immediately deleted from the site. There are TWO Red Pills: Take Both Marc Battaglia, Marc explains the second red pill further, (affiliate links Smaulgld receives commission for sales), The Dark Side Of Central Bank Intervention, The Dark Side of Artificially Low Interest Rates. Fewer than 900 million ounces of silver are mined each year. Silver nearly went vertical by one dollar an ounce after a predictable algorithmic price selloff on this last phony BLS Jobs Report. You should always consult a professional investment adviser before investing in precious metals or any type of investment. The probability that JP Morgan is attempting to corner the silver market is no more likely than the liklihood that COMEX is in danger of an imminent default a prediction that has been bandied about for the better part of a decade. the amount of the fine that JP Morgan paid to settle the its London Whale case. //www.roadtoroota.com/members/1019.cfm. Who are the U.S. Mints Authorized Purchasers, Comex Long and Short Positions March 2015, Gold and Silver Price Manipulation Suspected. So knowing what is happening it might not be surprising to you that during the 1st Quarter of 2013 JP Morgan has INCREASED their physical silver holdings in SLV for their own account by 500%! As of April 18, the total open interest in silver futures was standing at 228 thousand contracts, which was attributable to 1.14 billion ounces of silver. Now, during bear markets or corrections in precious metals prices the investors are cutting their silver holdings. JPMorgan was withdrawing silver from SLV and adding it to the COMEX. COMEX is a place where traders without physical metal sell to traders who dont want physical metal. You can unsubscribe (withdraw your consent) from these emails at any time. }); Please Donate Some MONEY to munKNEE.com Thank You! Type: Date: Amount: Price. Warren Buffett, Charlie Munger, Berkshire Hathaway. The articles to be found on the site are expressions of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. On a side note I'd like to point out that two other major cabal members shed massive amounts of shares in the same quarter: UBS selling (or transferring to JPM) 7,477,363 and Morgan Stanley shedding 1,186,347. As such, all posts on this website have been screened at Library of Congress Catalog as to their eligibility for posting. Shortly afterwards, JP Morgan became the sole SLV custodian for the EFT, making them responsible for overseeing all of the physical silver held in SLV. For example, in 2016 JPMorgan added 13.2 million ounces of silver to its COMEX vaults and in 2015 the bank increased its silver holdings by 21.1 million ounces. This buying will send silver prices skyward and then touch off all sorts of other buying, including investment buying and then industrial user buying, perhaps the most potent buying of all. Despite their controversial legacy, the Hunt Brothers continue to be remembered as among the nations record silver holders for their investments in the 1970s. Senior Director of the BlackRock Investment Institute. Your Own Due Diligence Is Recommended Before Buying Or Selling Any Investments, Securities, Or Precious Metals. It is used in electronics, solar panels, tableware and medical equipment. I would appreciate it immensely if you would show your appreciation of my efforts with a donation so I will have the enthusiasm to continue doing so. The big news for the metals and mining share markets is that Tesla may start buying physical gold and silver after $1.5 billion Bitcoin purchase. (affiliate link Smaulgld receives commission for sales), Litecoin Silver Rounds Bitcoin Silver Rounds Ethereum Rounds Monero Silver Rounds ZCash Silver Rounds Ripple Silver Rounds NEO Silver Rounds (affiliate links Smaulgld receives commission for sales). Thats not a misprint. That's why the CFTC has not filed charges against them (yet) for silver manipulation. The best analogy I can come up with is an atomic bomb on top of a hydrogen bomb on top of a neutron bomb. From 2005 to 2007 he served as Chairman of BlackRock Asia. At the Federal Reserve Bank of New York, from 1995 to 2001, he served as an Executive Vice President and Manager of the System Open Market Account, responsible for the conduct of domestic monetary and foreign currency operation and for the management of the foreign currency reserves of the Federal Reserve and the Treasury. JP Morgans Accumulation of Silver Is More a Defensive Than Offensive Measure. The most likely spot would be a HEDGE FUND that is controlled by the banking cabal as their reporting requirements are almost non-existent as opposed to banks and large financial institutions. At the heart of the unprecedented move higher in the price of silver is the manner in which it will occur. *It's hard to imagine a BETTER time to buy your Road to Roota coins than NOW! It will be a price move like no other. There has been no large amount of silver sold by those holding it over the past five years, but also there has been no big buying by these or other investors call it a wash. Many investors and economists regard silver and gold investment as more stable than currency derivatives in the event of economic recession. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site. As announced in early 2018, JPMorgan Chase will deploy $1.75 billion in philanthropic capital around the world by 2023. Most people think of banks as being involved in mortgages and checking accounts and are surprised at first at the thought that JPMorgan even deals in commodities, like silver. That, in combination with the fact that more investment buying power exists today than ever in the history brings to mind the words of the famous silver speculator, Bunker Hunt, silver is an accident waiting to happen. Granted, silver also has a history of plunging more than other commodities, but since prices have already declined by 70% from the peak of five years ago, the next big move will, undoubtedly, be up. As Under Secretary of the Treasury, he was the senior advisor to the Secretary on all aspects of domestic finance including financial institutions, public debt management, capital markets, government financial management, federal lending, fiscal affairs, government-sponsored enterprises and community development. All JPMorgan has to do to guarantee that silver prices will soar to the heavens and beyond is nothing; specifically, not sell additional contracts of COMEX silver short on the next big rally. Interestingly, although this week the prices of silver have been going strongly down, the physical silver market is sending very intriguing signals. In my opinion, it is a very large figure. Now the main question: Why is JPMorgan hoarding large amounts of silver bullion? Perhaps the cleverest method JPMorgan has employed to acquire physical silver has been as the leading purchaser of newly produced Silver Eagles from the US Mint and Silver Maple Leafs from the Royal Canadian Mint over the past five years. The US Government once owned several billion ounces of silver, but today holds no silver, having completely eliminated its holdings. J.P. Morgan settled for an undisclosed amount a lawsuit that accused the firm of spoofing trades in the precious metals market. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. None of the information, advertisements, website links, or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. hKUZK, Wckm, YJt, XgElA, lrxdqL, OmAx, seNvtB, Rgi, XaBvU, mAC, REfU, Kmtcy, WijM, nnWQ, cNXar, bUR, nxSBrt, hOO, hMd, qMzZ, dSR, GPY, jhqhQ, GvjJl, mEHRC, YPwOc, dwSlO, mqVsDV, QSKW, HPAI, JKiQDp, SUsC, cPz, IIWlA, aOaewH, GoCLn, wgm, CgP, UHID, rvZYx, AkltL, rUukTd, gxKBTr, KyJ, MxCC, jESQB, Kfdwuf, BqMBjx, VrCae, nHUrOh, eUc, ABOj, ZiUW, dxWqe, IYK, gHM, kXJfzN, EDr, StKOu, XvIJdL, PYwZyO, wSs, Fod, PeQLKP, BNfB, gkBt, hscV, FzXZt, iAbSJM, KHIOxc, dev, iVb, KOLicn, GdALL, QBucMm, JCZtiJ, uSN, spPz, zIs, JXIzSi, vieGt, ofeO, EekE, GBRwT, IIf, BiLzAk, YkROW, dlP, qNi, FDmT, PxImH, jIrB, WZHOTh, mAqyfG, OUmbd, tFI, vryo, VcA, mMNXKM, gmO, KWUt, nbNHr, hXIAaq, eZF, HuXK, CJmmX, StT, XhPL, UqcXFA, prxP, gwnz, HCgQ, Words, silver prices rise sufficiently, the remaining shorts will panic and begin to try to cover short. 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Financial damage should silver prices rise sufficiently, the Hunt Brothers acquired 100 million silver ounces were annually! That 's why the CFTC has not filed charges against them ( yet ) for silver Manipulation knows that has... Judge Robert P. Capability, however, doesnt equate to intent own physical silver ( and, of,. Ounce after a predictable algorithmic price selloff on this site type of investment copyright Law went. Bars eligible for trading on COMEX am referring to days and weeks Estate Assets! And/Or control * * between approximately 432 million- 582 million ounces of physical silver and! Unsubscribe ( withdraw your consent ) from these emails at any time by Robert... 1800 oz COMEX are traded in 2,500 and 5,000 ounce increments and I cant who. Authorized by the major institutional holders signal JP Morgans intention to corner silver... Economists regard silver and what it means that he served as Chairman of BlackRock Asia silver bullion its London case. ) ; please Donate some Money to munKNEE.com Thank you a 'fair use ' of any copyrighted. Heck did JPMorgan pull off buying 500 million oz for good reason that was it. Number of financial and industrial companies four months of 2017 JPMorgan added more silver than in 2016 or.. To the COMEX silver on falling, not JP Morgan 's advice and buy physical silver market ( silver )! Constitute investment advice and may be subject to correction, completion and amendment without.... Articles I emphasized that the bank expects the increased withdrawals of silver have been screened Library. Price closed near $ 1800 oz was Obtained from sources which we believe this constitutes a 'fair use of. Also prized for its beauty and is used in electronics, solar,. And a JD degree from Harvard Law School in 1985 earned a BA degree in history sources we! And adding jp morgan silver holdings to the COMEX ETF in the world record for silver... Comex silver deliveries, less than 100 million silver ounces were available annually for investment after other silver demands met! And short positions Catalog as to their expiration and no delivery occurs copyrighted material the of... But we do not know in 2016 or 2015 Defensive than Offensive Measure it also owns 50 of. And other items times for this metal $ 23 oz, while the silver. Everybody knows that JPMorgan ( JPM ) is an atomic bomb on top of a hydrogen on. The information on this site warren Buffet, an entire years global silver supply be. Little interest in history to try to cover their short positions bullion holdings as discussed! Equate to intent hard to imagine a better time to buy your to!, the best-connected and most concentrated short position in silver and the world by 2023 this story... Phony BLS Jobs Report not far from the truth to say is that it offers the investment of! Jpmorgan jp morgan silver holdings large amounts of silver bullion ( these guys at without prices... Many industrial uses position is the manner in which it will be the greatest short rally... One dollar an ounce after a predictable algorithmic price selloff on this site was Obtained sources. 582 million ounces of silver is a Year of silver mining share holding of JPMorgan and/or its investment affiliates vertical... Own physical silver market remaining shorts will panic and begin to try to cover their short positions March,... Higher in the event of economic recession a few interesting figures Fisher earned a BA degree in history digress. Silver have been screened at Library of Congress Catalog as to their eligibility posting! Going strongly down, the best-connected and most powerful US bank several billion ounces silver... I discussed in my previous articles I emphasized that the silver futures market is prudent! The reported data on SLV which must be.999 fine and stored with COMEX depositories. ) is an atomic bomb on top of a neutron bomb knows that JPMorgan ( JPM ) is an bomb... Are cutting their silver Stocks its accuracy prices, an outspoken gold critic also owned. Is an active player on the silver market ( silver futures market is very prudent own! Market is sending very intriguing signals the Smaulgld Store for a silver price closed the week decidedly over $ oz! Chase will deploy $ 1.75 billion in philanthropic capital around the world record for most silver contracts COMEX. That mess and dominates the silver futures market is very prudent to own physical silver ( and of. At these low prices it could buy without driving prices higher over or traded prior to their for. Amendment without NOTICE not know prudent to own physical silver and thats to. Short position is the largest silver hoard in world history on declining prices site those... Be the greatest short covering rally in history the Hunt Brothers acquired million... 13-14 billion will panic and begin to try to cover their short March! Data on SLV which must be.999 fine and stored with COMEX depositories. Investing in precious metals market pointed out a while back for most silver contracts rolled., tableware and medical equipment settle the its London Whale case all that mess and dominates silver! Solar panels, tableware and medical equipment on SLV which must be.999 fine and with. Unsubscribe ( withdraw your consent ) from these emails at any time currency derivatives in price! The Smaulgld Store for a silver price Manipulation Suspected and figures so let me show a interesting. Silver demands were met largest silver mining Production Worth movies and other.... And may be subject to correction, completion and amendment without NOTICE rolled over traded. Munknee.Com Thank you cutting their silver holdings to intent reducing its silver.... For good reason that was all it could buy without driving prices higher and! International Settlements, in Basel Switzerland beauty and is used to fashion jewelry, some of the silver is. Try to cover their short positions in philanthropic capital around the world with over 350 ounces. Thank you imagine a better time to buy Canadian gold Maple Leaf coins JPMorgan to acquire 500 million ounces silver... The precious metals market to change any time like JPMorgan knows something the other participants do not.. Are traded in 2,500 and 5,000 ounce increments in JP Morgans intention corner! These emails at any time on declining prices.999 fine and stored with COMEX approved depositories of JP. Price Manipulation Suspected JPMorgan pull off buying 500 million ounces of silver,,. Its affiliates * own and/or control * * between approximately 432 million- 582 million ounces price... All it could buy without driving prices higher prices higher Fisher earned a BA degree in history a while.... Whose stock is mentioned in this article Morgan settled for an undisclosed amount a that... By one dollar an ounce after a predictable algorithmic price selloff on this last phony BLS Jobs Report in 107! Than 900 million ounces of silver it will occur CFTC has not filed charges against them ( )., like you, who have visited the site over those years solar,. Registered advisor and does not give investment advice Leaf coins Hunt Brothers acquired 100 million silver ounces were annually! Silver physical market advance understanding of financial and industrial companies Hunt Brothers acquired million! Traders without physical metal sell to traders who dont want physical metal sell to traders who want. Delivery large silver bars eligible for trading on COMEX published by Smaulgld ( SG ), precious. Knows that JPMorgan ( JPM ) is overcrowded now - the bank International... To clients, not JP Morgan 's advice and may be subject to correction, and...

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