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26/03/18
16:21
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Originally posted by aldo
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Hey Topwon
The major holder of silver (reputedly) at the moment is our old friend JP Morgan,
They are able to suppress the silver price via the issuance of paper contracts via the SLV paper derivatives
market. Whenever the price of silver starts to rise they simply have to short sell the market by placing loads of contracts on the open market at "market price". This means they will take any price which is offered for the paper contracts and this has the net effect of lowering the open market price for physical purchases. I strongly suspect they are also the buyers of their own issued contracts via linked agents with the net effect to them being nil but the effect on the market being a lowering of the open market price.
There is a number of issues which arise as a result of the paper derivative market in this way.
Recently there has been a failure to deliver physical silver for those wishing to take possession and contracts are settled through the mechanism of cash settlements via London. This indicates a lack of physical holdings to settle the contracts and also indicates that some entities are accumulating large holdings of physical silver because the price relative to value is very low.
However to answer your question: I believe there is going to be a very big price increase soon for a number of reasons.
Safe haven demand in an increasingly volatile and downwardly moving equities and bond market market.
A ridiculously one sided gold to silver ratio.
Added demand for silver from China and Russia.
Added demand from industry.
Potential currency reset using precious metals to tether the value of issued currency.
JP Morgan has silver holdings somewhere in the vicinity of 150 million ounces. More than 75% of annual global demand. When they decide to stop accumulating then the price will be allowed to increase to a much higher level and ensure an epic profit.
I believe the time for this is not too far away as I predict there will be a major war soon and they will want to grab as much increase in value as they can even if they don't sell the silver hoard will become a strategic asset.
Recent market activity is indicative of the price potential for silver in the face of a global market meltdown.
Get in now while the price is still affordable. In my opinion you wont lose. Very small down side and huge potential upside.
Let me know what you think.
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Probably all working in conjunction with one another.....but tipping point coming one way or another, JP's hoard inxs of 500mil oz's
https://www.silverdoctors.com/silve...-imminent-launch-of-the-russian-silver-ruble/
Skol has to be here for the art of doubt....planted seed....gov opps, funny how he turns up on breaking points in markets, silver expert I say.