The one thing I don't understand is why the need to suppress silver and gold prices....
Is it all because JPM inherited an unmanageable amount of Silver/Gold Short Contracts when it was forced to take over Bear Sterns?
Or is it because some unknown entity or social engineer wants to eradicate all middle class society via inflation? Thus the successful ruination of the Traditional Inflation Hedge "Real Estate" and the ongoing Destruction of "Hard Assets"?
Surely the Powers that Be must have realized that metals price suppression would have caused an unbalanced market unless the plan was to usurp the masses from any asset that has the potential to preserve wealth if so then what of Diamonds and Precious Stones? Albeit if anything Stones are probably the most illiquid commodity...
There are other thinkings aside from this but its a good start... am willing to listen to anyone's thinkings without challenges, name calling or debate.
Legacy accounting problems and missing physical. After 1980 there was a large government backed carry trade in gold and silver which went on for 20 years. There is way more to this than the COT short positions.
The Bear Sterns story doesn't make sense. JPM took over them a few years ago and had plenty of time to cover all the Silver Short position if that is what they wanted to do. I really don't see any reason why someone want to suppress silver/gold prices. And I own a silver stock so I want silver to zoom up.
I think it has to do with Gold/Silver being the canary in the coal mine for unsound currency. If you suppress precious metals than it will appear to the public that there is still room for central banks to manipulate further. Properly priced precious metals would signal to the public that the central banks have lost control and their actions need to be curtailed.
I think it has to do with a few thinks. First 100% Sure it is what you said . Inherited to many Naked Short contracts. Surpress the price so you can get your hands on as much as possible for cheap. I think the second part is the need Silver to be as cheap as possible to help world recovery perhaps... But Honestly I dont think they care about world recovery... I think all they are doing now is protecting there own are holes... Soon it will be abandon ship. Every Rat in a suit for himself... The #$%$ will all be saying DANG.. If we only saw this coming or if we zigged when we Zagged... They wont have that Luxury because of guys like Petter Shiff and Ron Paul and few others that have been yelling at them FOR YEARS... So I hope when the REAL CHANGE BEGINS They are Fed to each other...