opinion: JP Morgue Silver Short position screwed



The basics are:

1. Historically the price ratio of gold to silver is 16:1, with gold at the a price of about $1400/oz the price of silver should be around $80/oz.

2. The Fed is giving money to JP Morgan to massivley short the silver market to deflate the price the of silver because it is good for the dollar (keeps it more valuable) which the Fed prints.

3. JP Morgan actually doesn't have much if any silver in it's possession which is why it's called a 'naked trade', they can't back it up.

4. When silver was raising to $29/oz JP Morgan made it so that the margin call was raised by 30% this caused a massive drop in the cost of silver in the matter of hours.

5. JP Morgan is now under investigation for silver manipulation seeing the Feds finally caught on to what was going on.

6. Shit will soon hit the fan in epic proportions (worse than the last financial crisis), buy real tangible silver right now in as large of quantities as possible.
 
tainted said:
JP Morgan and the Massive Silver Short: The Greatest Story Ever Told - Seeking Alpha
Click to expand...

Great article, and it actually put me at ease about the price of silver to be honest. I was worried that with that large of a short on silver by JPM that there was no way the price of silver would continue to rise (they know something we don't and/or will manipulate the price in order to make good on their shorts). Silver looks like it is about to break $30 this week. I can't see it going much beyond $40/oz, but I didn't think gold would break $1,400 either. That's why I do Internets for a living instead of derivatives.
 
this really strikes a nerve with the naysayers... why is that? get real defensive.

fuck it. I would rather be wrong and have 2K - 10K in physical silver than to have no silver and this shit pans out... at the end of the day, you still own a little physical stash of silver.

but that's just me.
 
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