Shipped to JPM for sure. See Richard Russell on Kitco:
Silver is in demand. It always has been. And on a value basis, it’s also a good buy. Silver has been chugging more than gold but once it pops up, it could take off like a bandit.
There are many reasons why silver will go higher and it’s just a matter of time. And as our dear friend Richard Russell points out, JP Morgan is aggressively accumulating physical silver by the hundreds of millions of ounces.
This is the largest accumulation of physical silver by a private entity in history!
Plus, it’s three times the 100 million ounces acquired by the Hunt Brothers in 1980 or by Warren Buffet in 1998.
Some of you may remember when the Hunt Brothers tried to corner the silver market at the peak in 1980 when silver soared to the $50 level. It was a wild moment. And today is even more wild.
In the 60s, we where accustomed to say:" if you're not part of the solution: you're part of the problem". Still apropos in the case of gold/ silver price manipulation. And if there is a reason to remain silent, it ought to disclosed in a corporate 8-k as material to the condition and operation of the company.
what are "monkies"?
monkies? The false choice to which nincompoops respond.
The post is about possible pervasive and systematic manipulation in the metals market and the lack of a pro active engagement by Coeur's CEO on the behalf of the company and shareholders to ferret out the extent to which it takes place. Remember last year. Coeur's own spokeswoman briefly spoke of silver price manipulation in regards to the changes undergone in the London silver fix. Since the total silence from Krebs and company.
Ted Butler put the onus right where it belongs - the shoulders of mining CEOs.
to fight both banks and govt. in a time where gold is be used as part of currency war and usa is facing a serious depression, as well as the dollar as a reserve currency being challenged.Barrick had immunity in its part of gold manipulation--there has to be a reason that all of the ceo's of mining company's collectively stay silent-
Hey Ron ( dated Feb 11 2015 ) Snook has been around a long time and asks a question that many of us have been wondering also. I think it is reasonable to understand why no one would come forward and question the manipulation in silver. I believe it would take a leader who was honest and has integrity. I think the question that needs to be asked to any producer in a public company is what is more important to you making your company profitable to your shareholders or your own pay check and the next question would be " Are you part of what's wrong with America today" One's action speaks larger than ones word and God knows the true answer that is in ones heart!
No silver producer needs to allege anything; instead they should merely ask for an explanation to questions they should already be asking themselves. No good answers will be forthcoming from the agency and that’s a big part of why the questions should be asked – because there are no legitimate good answers available. Besides, the reason behind silver producers asking is not what the CFTC would say, but how outside investors might react. This is the key.
We’ve all seen trade disputes and claims involving, for example, the dumping of steel or solar panels. But there’s usually no way an outsider would be able to get involved, except as an observer. Because silver is a potential investment available to all the world’s investors, any public suggestion that its price was artificially depressed could very easily translate into investors purchasing it. Since there is no doubt that investment demand drives the price of silver, it is hard to see how producers asking the primary regulator about the unusual developments on the COMEX could possibly do any harm, but instead much potential good. The whole idea here is to get investors to look at what’s going on in silver and the producers asking about how the price is set could do the trick.
from the latest Ted Butler...........................
To this point in time and with more observers than ever now convinced that the price of silver (and gold) is manipulated, there has never been, to my knowledge, any public petition from a mining company that there might be something wrong with the price discovery process on the COMEX. Yes, there’s been some recent grumbling from a very few miners, but none have written to the primary regulator with their concerns. This week’s COT report has provided a wonderful opportunity for such a petition.
Let’s face it – if the producer of any item, whether manufactured or raw material, suspected some artificial interference with the pricing of its product, that producer would do everything in its power to rectify the pricing interference; whether it involved illegal dumping or any other trade infringement. It would not be an understatement to say that any producer which suspected artificial pricing influences would have a responsibility to take any reasonable corrective action possible.
In this case, no one is asking any silver producer to allege wrongdoing in COMEX silver (I can do that by myself). But the situation with the latest COT report is so glaring that no allegation need be made; a simple request to explain how 53 and 61 days of equivalent world production changing hands in one week, the most ever, by two groups of speculators was in keeping with commodity and interstate commerce law. And why COMEX silver has the largest concentrated short position of all commodities, even though its price is down 70% from the peaks of four years ago.
SEE NO EVIL, HEAR NO EVIL, SAY NO EVIL. YOU MERIT THE HAT-TRICK MITCH!
Anyone in this sector of precious metals HAS to be familiar with the OVERWHELMING CHARGES and ACCOMPANING EVIDENCE relating to the MANIPULATION of gold and silver pricing. I sincerely hope and expect that all those who refuse to hear, see, and speak out about these atrocities get their full and just punishment.
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Tried to warn my POOR sweet amateur silver/gold DUPES and silver/gold PIG FARMERS, again!!
GPL and AXU penny stinkers, both trading ultra low option volumes, are the best barometers of the DYING silver penny junk jokes....and both doggies look AWFUL, trading near ALL TIME LOWS. Time for you silver LOSERS to face reality: the gold/silver CALL WRITERS in the slimy wall street club only focus their BOGUS RAMP SCAMS on the silvers that trade heavy call options.......and until you see sharp rallies in JUNIOR junk like GPL or AXU, etc., then ALL silver rallies are RAMP SCAMS...ALL OF THEM!
WARNING: There is NO such things as StockMarketVideos....just another typical WRONG WAY PUMP SCAMSTER trying to convince amateur SUCKERS to buy WORTHLESS gold/silver CALL options!!! IGNORE!!!