Fun With Silver
As we wake up this morning to 30 year highs in the silver market, which is moving toward $30, I thought I would share an interesting video I came across this weekend discussing the JP Morgan silver price manipulation.
I have discussed this topic on numerous occasions over the past few years (one of my posts reached a semi-mainstream news site), and the topic is slowly becoming a serious discussion in financial groups around the world.
The video (which is explicit) has been sensationalized but explains the core issue in that JP Morgan has sold short years of mining production in paper silver contracts.
The site the cartoon recommends (which I am not endorsing here) sold out of precious metals in hours this past weekend when the video went viral.
Enjoy the ride up, because the day JP Morgan has to cover their short position will be a day the market will remember for many years.
I have discussed this topic on numerous occasions over the past few years (one of my posts reached a semi-mainstream news site), and the topic is slowly becoming a serious discussion in financial groups around the world.
The video (which is explicit) has been sensationalized but explains the core issue in that JP Morgan has sold short years of mining production in paper silver contracts.
The site the cartoon recommends (which I am not endorsing here) sold out of precious metals in hours this past weekend when the video went viral.
Enjoy the ride up, because the day JP Morgan has to cover their short position will be a day the market will remember for many years.
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