I told you JPM growing and massive paper short position will pushing silver down
I have been telling people last few weeks the price of silver will drop because of the COT report. Which showed JPM was short 175 million ounces of silver. Prepare for sub $30 silver shortly, I told you JPM controls the price of silver. Not retail investors buying silver eagles or 100 oz bars.
Why does the physical market even use the paper market spot price? They should just ignore it and the physical market should set its own prices. The paper market is disconnected from reality (real supply and demand).
Well pretty much nailed that, been telling people the last month about JPM rising short position. Now they reap the benefits of their manipulative paper shorting. While the rest of American who invested in silver eagles and other bullion products, get fleeced, robbed and cheated. The good old American banks screwing its citizens. The downside will continue for awhile yet.
Well keeves what do you think of what I told you was coming on Sunday. JPM always wins when it comes to shorting silver. We still have a ways to go on this correction. I feel it will bottom around $25-$26 over the next month. Now if the market starts to tank badly we could see $24 on silver no problem.