JPM created a "structured product" that allowed clients to "bet" on the silver/inflation ratio, thinking they were in control of the price of silver. If silver passes $36, JPM has to pay $5 for every additional $1 in the POS. At $45, it becomes $8 for $1 in the POS. This means anything over $36, starts to break JPM's back, according to WB.
This would explain the short of another 30 million ounces, which reeks of desperation. It serves them right, taking on a gamble that big, just because they thought it was rigged in their favor.
well, silver is at 36 again.. I guess JPM is going to do its dirty work again... Although how and even if it can, remains unknown.
According to Grandich, dollar is at a pivital point.. may bounce back up, or go further down.
"why would they ever let it get to $48?"....The FOAM will run it up during the next options expiration. The ultimate power is now in the hands of the longs. The shorts are naked, and the cat is out of the bag. The shorts can try and make a stand, but they will be defeated, over and over again, until the short position is largely covered. You can't make good delivery, if you are naked. No way around that.
After options expirations, look for big retracements, giving The FOAM a chance to reloa. Then the full court press gets put back on, and the shorts retreat. Seems like it will repeat indefinately.
If this theory is true, JPM is digging a hole to save itself. It won't take long for the market to initiate a short squeeze by first buying a lot of shares and driving the price up. Then they will demand the return of JPM's borrowed shares.
If what you are saying about JPM, I would buy as many shares as I can get my hands on.
Another insight ... in the mind of banksters ... "silver will never equal 36" is the same thinking as "housing prices will never fall".
That's what these banksters do, they create a scenario THEY THINK will never happen then they bet the farm against it. They make tons of money for a while, until it all falls apart. It all makes sense now!!!
my God they will fight 36 with everything they have. 36 will become a flatline ceiling, a total farce for all to see. And here I though silver would get volatile before it blasted off just like the 70s. Instead the exact oppostite of what I thought will happen lol. Good thing nothing these banksters do suprises me anymore.
Assuming your theory is correct, how long does JPM need to hold silver below $36? Certainly, there is a limit to how long they can hold it down. Are you saying that JPM need to hold the price of silver down even into November of this year? As each month goes by, it would appear to me that it becomes more and more impossible to hold the price of silver down.
No matter if Global demand for Gold and Silver soars, then that will force short covering. With the dollar and US debt becoming more risky for foreign investors, outside big money will flow into the precious metals which will cause a delayed spike up after this pullback on mass exiting to the dollar. Treat this as a buying opportunity unless you believe everything just suddenly became fine in the economy.