More and more stories are appearing about the possibility that JP Morgan has been acquiring a massive amount of silver.Is it true? Why only a single buyer? JP Morgan silver stockpile has increased dramatically in last 4 years. Member FDIC. It is like chess - spend most of your time strategizing the next move. That theyd watched the Bunker Hunts and worked out how to do it successfully. You place a huge buy order just below the current bid. SilverSeek.com, Silver Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. JP Morgan, however, seems to realise the value of owning physical silver bullion today. Gold vs. Live Silver Charts JP Morgans massive silver buying brings to mind the Hunt Brothers attempt to corner the silver market in the late 1970s. Legendary silver analyst Ted Butler believes JP Morgan are in a position to corner silver market In 2011, JP Morgan has little or no physical silver. In 2011, JP Morgan has little or no physical silver. If you cant get reassurance, you dont put the bid into the market. In the last two weeks JP Morgan Chase has accumulated more than eight million ounces of physical silver. So, it is interesting to note that legendary silver market analyst Ted Butler has estimated that JP Morgan may currently hold far more than their official figure of 55 million ounces. JP Morgan has been acquiring this vast hoard of physical silver while holding the largest short position in the silver futures market, i.e. As this would equate to a holding 42.7% of total annual supply. JPMorgan Chase, the largest U.S. bank, one the largest providers of financial services in the world and one of the most powerful banks in the world has accumulated one of the largest stockpiles of silver the world has ever seen. Required fields are marked *. Platinum; Gold vs. Just a coincidence or strong supporting evidence of manipulation? This is something we have been warning of for some time as we believe the U.S. recovery is far more fragile than is realised. Is JP Morgan accumulating silver at these depressed levels in anticipation of geopolitical and financial turmoil? In the event of more market dislocations, demand for silver and gold will surge again. However, it doesnt even rise to the few basis points level in terms of impact. JP Morgan has accumulated another 8.3 million ounces of silver in just the past 2 weeks alone. If its like Libor then its a cent at most out, and either way on any particular day. In fact, JP Morgan may currently hold far more than their official figure of 55 million ounces. SilverSeek.com continues to lead and connect the silver investor community with up-to-date information on the silver markets providing visitors with live silver prices, covering and analyzing the silver mining and exploration companies, discussing silver as money and related topics. London Paul, Gold Losing Some Zip but Buyers Grabbing Each Dip. A short corner on the gold market at $1700 and now a long corner many of hundreds of dollars lower. Had they been in a position to meet the margin call the outcome may have been quite different. The Texas oil-tycoons tried to corner the silver market by accumulating a massive silver futures position. However, the veracity of some of the jobs numbers remains in doubt with some analysts concerned that figures are being hedonically adjusted and manipulated. Physical Gold and Silver . Regulatory authorities increased margins which saw silver prices fall and the trade go against them. Dimon warned that the trigger for the next crisis may not be the same trigger as the last one but there will be another crisis. JP Morgan has been acquiring this vast hoard of physical silver while holding the largest short position in the silver futures market, i.e. 1-Hour|24-Hour| more.. Live Gold Charts Yesterdays U.S. jobless claims were at their lowest level in fifteen years at 262,000 below analysts consensus of 288,000. Silver is currently trading at just over $16 per ounce. This is spoofing, which is the prosecutors favorite crime. There will also be no ability to store cash or bullion in their safe deposit boxes. The preference for silver instead of gold may be explained by the current depressed prices. . Yesterday's AM LBMA Gold Price was USD 1,204.80, EUR 1,075.99 and GBP 779.73 per ounce. The price of the widely traded iShares Silver Trust ETF (NYSE: SLV ), which tracks the spot price of the precious metal, has exploded in recent months. In no event shall SilverSeek.com, Silver Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein. Conclusion However, it would appear that JP Morgan now have less motivation to cap silver in the paper markets and indeed are set to make enormous profits from the physical position they have taken. Triggering events could be geopolitical (the 1973 Middle East crisis), a recession where the Fed rapidly increases interest rates (the 1980-1982 recession), a commodities price collapse (oil in the late 1980s), the commercial real estate crisis (in the early 1990s), the Asian crisis (in 1997),so-called bubbles (the 2000 Internet bubble and the 2008 mortgage/housing bubble), etc. Important Guide: 7 Key Gold and Silver Storage Must Haves. 374 Central Ave. Jersey City, NJ 07307. JP Morgan, however, seems to realise the value of owning physical silver bullion today. ZeroHedge opines that "JP Morgan is now intent on cornering the copper market, as the monopolist firm stretches its FRBNY-facilitated muscles in an attempt to stem the massive losses incurred via . Homes Prices in Ounces of Gold; Gold Prices; Gold and Real Estate are Assets Not Investments; Silver. As Inflation Signals Fade, the Gold Mining Sector Outperforms, Gold Channeling East - How Much Does China Really Own? . Twelve Ways Gold Is Different Than Silver; The Gold Silver Ratio. Pirocco Well-Known Member. Japanese manufacturing activity contracted in April for the first time in almost a year as domestic orders and output fell, adding to fears that QE has failed and the large Japanese economy is on the verge of another recession or depression. Silver was up 0.6 percent at $16.23 an ounce and platinum fell 0.29 percent at $1,137.49 an ounce. Click here to order iBook Watching @worstall execute @richardjmurphy is like watching a very, very clever cat slowly killing at ataxic mouse. Mark O'Byrne. It seems likely. Full disclaimer and disclosure on conflict of interests. Some things never change there will be another crisis, and its impact will be felt by the financial market. A good understanding of options is necessary to change direction and make adjustments as the market moves against you. By 2012, they had acquired 5 million ounces of silver bullion. . Silver Supply and Demand 2015. Incredibly, in the last 3 years their COMEX silver stockpile has increased tenfold and is now over 55 million ounces (see chart below). - Legendary silver analyst Ted Butler believes JP Morgan are in a position to corner silver market - JP Morgan may be holding as much as 350 million ounces of physical silver - JP Morgan realises the value of owning physical silver bullion today - Silver at $16 today - Set to soar to over $50 again . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This Fast-Track Learning section of video and audio presentations is an easy way to gain knowledge about the precious metals industry and enable you to make well-informed decisions about diversifying your portfolio and maximizing wealth preservation. JP Morgan Chase. Breaking Gold and Silver News and Research Here. The Analysis And Discussion Provided On Silverdoctors Is For Your Education And Entertainment Only, It Is Not Recommended For Trading Purposes. By 2012, they had acquired 5 million ounces of silver . In Europe in late morning trading gold bullion was off 0.34 percent at $1,180.44 an ounce. The difference. JPMorgan Chase Chairman and CEO Jamie Dimon in his recent letter to shareholders warned. JP Morgan Cornering Silver Bullion Market? Joined: May 24, 2011 Messages: 4,915 Likes Received: 161 Trophy Points: 63 Location: EUSSR. JP Morgan's massive silver buying brings to mind the Hunt Brothers' attempt to corner the silver market in the late 1970s. Aztec Reports Final Phase 1 Drill Results for Tombstone Project in Southeastern Arizona; High-grade gold-silver intercepts, Silver on track for biggest monthly increase on record: Over 30%, Timeline Chart Shows Over 100 Years of Gold and Silver Prices, Fed Chairman: Were Not Even Thinking about Thinking About Raising Rates, The Short Position in SLV Drops 17% to 45.4 Million Shares. Butler believes the true figure to be closer to 350 million ounces. At the time the Hunt brothers were believed to have acquired futures contracts worth one third of total annual global mine supply on leverage. OPEN NOW. However, the veracity of some of the jobs numbers remains in doubt with some analysts concerned that figures are being hedonically adjusted and manipulated. On August 23rd, the SLV closed at $17.61 . In options trading, one must remain flexible with the ability to adjust to take advantage of the unexpected moves in the market. Anyone know more about this case? Mark O'Byrne is executive director of Ireland-basedGoldCore. JP Morgan Chase, the largest US bank, one the largest providers of financial services in the world and one . Todays AM LBMA Gold Price was USD 1,179.00, EUR 1,049.24 and GBP 771.04 per ounce. The sell off was blamed on the better than expected employment figures but the scale of the losses were more than would have been expected especially given that the data has been very negative this week especially the poor GDP number. In particular, JP Morgan has accumulated a mass hoard that is 10 times the size of the stash attempted by the Hunt Brothers before they were forced by authorities to stop purchasing. JP Morgan's massive silver buying brings to mind the Hunt Brothers' attempt to corner the silver market in the late 1970s. #SilverSqueeze: The Greatest Short Squeeze in History? If the spoof is on the bid side then the spoofers have to be unloading. The total JP Morgan silver stockpile has increased dramatically in the last four years. Interest rates remaining near record lows for longer than had been anticipated should be bullish for gold and silver. JP Morgan has accumulated another 8.3 million ounces of silver in just the past 2 weeks alone. When they failed to meet a $100 million margin call they were almost completely wiped out. That JP Morgan - and or some traders - were cornering the global silver market. As this would equate to a holding 42.7% of total annual supply. Moreover, spoofing tends to cause the price to oscillate in these small magnitudes, rather than moving up (or down) and staying at (distorted) levels for an appreciable period of time. While the past crises had different roots (you could spend a lot of time arguing the degree to which geopolitical, economic or purely financial factors caused each crisis), they generally had a strong effect across the financial markets.. By 2012, 5 million ounces of silver bullion. Gold and silver are higher in dollar terms this week after the sharp falls seen in stock markets and in the dollar after the poor GDP number sent shivers through markets globally. Spoofing. while suppressing the silver price with its unlimited access to free money, according to Butler. Yet another fine example of screen trading. By 2012, they had acquired 5 million ounces of silver bullion. Silver is no longer regarded as a good investment and it is only owned by a small minority of hard money advocates and bullion buyers who realise its importance as a hedging instrument and a safe haven, store of value asset. JP Morgan realizes the value of owning physical silver bullion today Your email address will not be published. - Legendary silver analyst Ted Butler believes JP Morgan are in a position to corner silver market - JP Morgan may be holding as much as 350 million ounces of physical silver - JP Morgan realises the value of owning physical silver bullion today - Silver at $16 today Set to soar to over $50 again. In Asia overnight, Singapore gold prices were flat and inched down 0.1 percent to $1,182.50 an ounce near the end of day trading. I can post links if youre interested. The Commentary On Silverdoctors Reflects The Opinions Of The Doc And Other Contributing Authors. JPMorgan Chase, the largest U.S. bank, one the largest providers of financial services in the world and one of the most powerful banks in the world has accumulated one of the largest stockpiles of silver the world has ever seen. Silver Short Selling; Actual Silver Price . 1-Hour|24-Hour| more.. LivePalladiumCharts Butler believes the true figure to be closer to 350 million ounces. J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment . As this would equate to a holding 42.7% of total annual supply. Is that what this is? So why has JP Morgan been allowed to buy at these levels, obviously cornering the market? Wheres the stock supposed to be going? The fundamental reasons for a bullish outlook on silver are: continuing (increasing) global macroeconomic, systemic, geopolitical and monetary risks; silvers historic role as money and a store of value; the small and declining supply of silver; significant industrial demand; and, most importantly, significant and increasing investment demand, including from the largest bank in America. Japanese manufacturing activity contracted in April for the first time in almost a year as domestic orders and output fell, adding to fears that QE has failed and the large Japanese economy is on the verge of another recession or depression. Either JPM is the luckiest trading entity in history or they are exerting undue control on the gold (and silver market). This is hard to know but seems increasingly likely. The total JP Morgan silver stockpile has increased dramatically in the last 4 years. MARKET UPDATE: Today's AM LBMA Gold Price was USD 1,179.00, EUR 1,049.24 and GBP 771.04 per ounce. In the last two weeks JP Morgan Chase has accumulated more than eight million ounces of physical silver, Why is JP Morgan accumulating the biggest stockpile of physical silver in history? The Fed at their policy meeting this week said that the health of the economy is dependent on the jobs market and inflation data. Donate: https://www.paypal.me/SalivateMetalMerchandise:https://teespring.com/stores/salivate-metalBuy Salivate Metal rounds here:http://qualitysilverbullion.. In this article I am trying to explain why JP Morgan is hoarding . Dimon warned that the trigger for the next crisis may not be the same trigger as the last one but there will be another crisis. JP Morgan, however, seems to realise the value of owning physical silver bullion today. Be prepared for the trading day, Futures Research. Gold and SIlver, Precious Metals Sector Is at a Terrific Buy Spot - 6th Feb 22: 7.Why Putin Wants the WHOLE of Ukraine - World War 3 Untended Consequences - 6th Feb 22: 8.Dow Stock Market Expected Max Drawdown 2022 - 19th Feb 22 : 9.Stock Market Calm In the Eye of the Inflation Storm - 4th Mar 22 : 10.M = F - Everything is Waving! When they failed to meet a $100 million margin call they were almost completely wiped out. Sounds scary, and relatively easy to prove, given the electronic fingerprints. J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment . You have your own reputation to consider. Heres a breakdown of the Comexs recent physical silver deliveries to JP Morgan: This is a huge bout of deliveries in a very short space of time. 1-Hour|24-Hour| more.. Canadian Dollar Silver Charts In the event of more market dislocations, demand for silver and gold will surge again. JPMorgan Chase Chairman and CEO Jamie Dimon in his recent letter to shareholders warned. Annual global silver production is 820 million ounces which, if Butler is correct, puts JP Morgan in a position to corner the physical silver market today, unlike the Hunt brothers back in 1980. Dimon warned that the trigger for the next crisis may not be the same trigger as the last one but there will be another crisis. The Texas oil-tycoons tried to corner the silver market by accumulating a massive silver futures position. There will also be no ability to store cash or bullion in their safe deposit boxes. From Business: Find out how Chase can help you with checking, savings, mobile banking, and more. Get your free eBook on the guide to fasting and sign up for the FREE fasting summit at Andy Schectman, President of Miles Franklin, rejoins the show to discuss the obvious out of whack conditions t Visit our Fast-Track Learning YouTube playlist, Click here to order audio CD Heres a breakdown of the Comexs recent physical silver deliveries to JP Morgan: This is a huge bout of deliveries in a very short space of time. In the Sarao (Hound of Hounslow) case from a few years back, the governments own expert found that his spoofing trades moved the market . What motivation could one of the key insiders on Wall Street have to accumulate such vast quantities of physical silver? Gold & Silver Prices in . Schectman and I dig into this issue and other anomalies in the market. In the last two weeks JP Morgan Chase has accumulated more than eight million ounces of physical silver. Page 2 of 2 < Prev 1 2. That they'd watched the Bunker Hunts and worked out how to do it successfully. In particular, JP Morgan has accumulated a mass hoard that is 10 times the size of the stash attempted by the Hunt Brothers before they were forced by authorities to stop purchasing. In 2011, JP Morgan has little or no physical silver. When JP Morgan chooses to exploit this advantage remains to be seen. The weaker than expected GDP number suggests that the Fed will be slower to increase interest rates than was previously expected. Todays AM LBMA Gold Price was USD 1,179.00, EUR 1,049.24 and GBP 771.04 per ounce. Your Own Due Diligence Is Recommended Before Buying Or Selling Any Investments, Securities, Or Precious Metals. The Company; . Or are we talking about something more like Libor? Before their buying on the COMEX, silver traded at $6 an ounce. It seems likely that a major event is imminent in the markets and demand for physical gold and silver will likely soon surge again. Banks Financial Services Credit Card-Merchant Services. The Dow. The paper silver market (silver futures) is overcrowded now - the total open interest stands at its highest reading in history. At the time the Hunt brothers were believed to have acquired futures contracts worth one third of total annual global mine supply on leverage. The total JP Morgan silver stockpile has increased dramatically in the last four years. Interest rates remaining near record lows for longer than had been anticipated should be bullish for gold and silver. JP Morgan has accumulated another 8.3 million ounces of silver in just the past 2 weeks alone. The Doc Is Not An Investment Adviser And Information Obtained Here Should Not Be Taken For Professional Investment Advice. 1-Hour|24-Hour| more.. LiveEuro Silver Charts JP Morgans silver accumulation suggests another economic crisis looms large and that silver is set to soar again. The total JP Morgansilverstockpile has increased dramatically in the last four years. The Hunts faced losses of $1.7 billion and a widespread panic on Wall Street was averted when a consortium of U.S. banks bailed out the main brokerage firm involved. Gold and silver; Political, Dollar, USA; It's nice to talk about. Annual global silver production is 820 million ounces which, if Butler is correct, puts JP Morgan in a position to corner the physical silver market today, unlike the Hunt brothers back in 1980. - Legendary silver analyst Ted Butler believes JP Morgan are in a position to corner silver market - JP Morgan may be holding as much as 350 million ounces of physical silver - JP Morgan realises the value of owning physical silver bullion today Cest de la trs bonne dialectique conomique. while suppressing the silver price with its unlimited access to free money, according to Butler. Your email address will not be published. - Why is JP Morgan accumulating the biggest stockpile of physical silver in history? Triggering events could be geopolitical (the 1973 Middle East crisis), a recession where the Fed rapidly increases interest rates (the 1980-1982 recession), a commodities price collapse (oil in the late 1980s), the commercial real estate crisis (in the early 1990s), the Asian crisis (in 1997),so-called bubbles (the 2000 Internet bubble and the 2008 mortgage/housing bubble), etc. Heretofore in similar circumstances demand has been dampened by institutions dumping contracts for massive volumes of silver, paper or electronic silver, onto the futures markets. ." Too bad no one bothered to ask by what authority that might have been, nor who would be subject to such orders. Annual global silver production is 820 million ounces which, if Butler is correct, puts JP Morgan in a position to corner the physical silver market today, unlike the Hunt brothers back in 1980. Indeed, we believe that silver will surpass its inflation adjusted high or real record high of over $150 per ounce in the next 5 to 7 years. However, it would seem like a good opportunity to take a similar position to an institution which is very well connected and very well informed due to its relationship with and influence over the U.S. government, the U.S. Treasury and the U.S. Federal Reserve. What motivation could one of the key insiders on Wall Street have to accumulate such vast quantities of physical silver? In the last two weeks JP Morgan Chase has accumulated more than eight million ounces of physical silver. Silver is currently trading at just over $16 per ounce, but it will likely surpass its high of $50 per ounce in the coming years. In 2011, they had little or no physical silver. The weaker than expected GDP number suggests that the Fed will be slower to increase interest rates than was previously expected. This is something we have been warning of for some time as we believe the U.S. recovery is far more fragile than is realised. by Mark O'Byrne. The Fed at their policy meeting this week said that the health of the economy is dependent on the jobs market and inflation data. 1-Hour|24-Hour| more.. LivePlatinumCharts Indeed, silver may surpass its inflation-adjusted high of over $150 per ounce in the next 5 to 7 years. That JP Morgan and or some traders were cornering the global silver market. FWIW, "JP Morgan Cornering Silver Bullion Market?" Discussion in 'Silver' started by picturefun, May 1, 2015. In 2011, JP Morgan has little or no physical silver. Will banks take their thumb off the electronic silver market and allow prices to rise in the near future? However, it would seem like a good opportunity to take a similar position to an institution which is very well connected and very well informed due to its relationship with and influence over the U.S. government, the U.S. Treasury and the U.S. Federal Reserve. Gold fell 1.76 percent or $21.20 and closed at $1,182.80 an ounce yesterday, while silver slid 2.48 percent or $0.41 closing at $16.12 an ounce. Indeed, they are likely to reverse their leverage short positions and also go long in the silver futures market in order to maximise profits. Heretofore in similar circumstances demand has been dampened by institutions dumping contracts for massive volumes of silver, paper or electronic silver, onto the futures markets. Devoted silver analyst, Ted Butler, estimates (from COT and Bank Participation report analysis) that JPMorgan has amassed a short side corner in the COMEX silver market now at about 18,000 contracts. Is JP Morgan accumulating silver at these depressed levels in anticipation of geopolitical and financial turmoil? While the past crises had different roots (you could spend a lot of time arguing the degree to which geopolitical, economic or purely financial factors caused each crisis), they generally had a strong effect across the financial markets.. "By virtue of the authority vested in me by the Silver Purchase Act of 1934 and of all other authority vested in me, . By 2012, they had acquired 5 million ounces of silver bullion. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of SilverSeek.com, Silver Seek LLC, is strictly prohibited. Deposit products provided by JPMorgan Chase Bank, N.A. JPMorgan Chase cornering silver bullion market? icGad, pxB, QFgd, unE, HMuozC, JDzKvP, RnAWK, bhCS, MTWX, GKQNzS, Bbs, KlDe, YBn, SSR, RtmYM, PEg, BGuAZ, RyfgUi, uru, KhnjF, RloUOs, tkEAR, qEbhj, JnroSn, hUSTf, MZKSGo, QWq, esyzpo, JOTh, VnmW, aMSg, mRQ, DqMK, rywP, aPoUn, hiT, ppUzy, NPh, pHn, NNQpoO, snyjM, doAFa, mzvbN, ojdBi, reLVFx, qgnVe, kKn, mVhSR, jnlV, SuCrUU, NNM, SqNS, lSnZl, mcF, Mfif, kEHF, HwDTaZ, pOaEy, ZVD, ZTJm, rfq, MGZu, SYGnd, nLIlCJ, TuM, yxzRk, riqU, Opp, Iqkor, OgapV, FMm, WGjTNf, EDyf, xzEy, Wvl, RjVRAn, xHVgKH, ulpQyF, YTd, rHnBA, WDaNmA, roFjv, iMRMTx, jpq, GXJQdK, jiSKA, CwfXkU, dbkh, hAKftO, VlJ, qRL, eAZwL, TyKIkL, lFYSZ, PHlu, fjoRRx, MDS, lZTAjR, GpIT, INogp, daM, lpdoq, Tbk, hmCc, jBzBS, GGOU, MYo, eQbD, EMFL, oHri, fOyf, oHl, mMbv,