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Endeavour Silver Corp. Message Board

  • jwtechy jwtechy Apr 23, 2013 10:00 PM Flag

    So Goldman has covered it's GOLD Shorts...but no word from JPM?

    Judging by the trading lately, it would appear TPTB are ready to let Gold out, but not Silver?...
    No rest for the weary...

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    • People may want to consider exchanging gold for silver...the ratio is out of whack!

      • 1 Reply to cgreens72
      • The ratio could get even more out of whack, but it should snap back with a vengeance at some point. The metal is just too useful and desirable to be driven much lower.

        JPM will NEVER voluntarily cover their short position in silver, it doesn't matter how low silver goes, JMO, but if it drops under $20, they will hold out for $15, and if it hits $15, they will likely hold out for single digits. They will never cover. JPM sees silver as their way to make money. That along with the derivative scam. Both strategies are very dangerous, and could lead to HUGE losses for them. But hey, it's just fiat losses, JPM lose big the Fed will print enough money to bail them out, again.

        Silver Is the only market small enough for them to put squarely under their big thumb, but there are limits to how much they can manipulate Ag prices...

        Sentiment: Strong Buy

4.70+0.10(+2.17%)Aug 25 4:02 PMEDT