Loading ...silver at the morgue
Why has J.P. Morgan accumulated more than 60 million ounces physical silver in their Comex vault? Only 4 years ago they had 5 million ounces silver. And they keep accumulating although they lose money. In this epical rise the price of silver declined from $30 to $14 per ounce. What do they know? Someone at J.P. Morgan must know that all this silver will shine one day. Maybe it’s CEO Jamie Dimon himself? Remember what Dimon said last year:
“Some things never change. There will always be another crisis. And its impact will be felt by the financial market. The trigger to the next crisis will not be the same as to the last one, but there will always be another crisis.”
This was last January figures and today they be round 80 million mark.
With all due respect ..how does anyone KNOW how much silver JP Morgan or anyone else has or doesn’t have ? Does JP Morgan HAVE to tell ? What if they exaggerate to get YOU long ? What if is this is just manufactured info ?
These kinds of stories have been around for as long as I have been following PMs several decades…and none of it ever helps you trade. Au contraire…it get you leaning the wrong way
Mt favorite is..”Comex is going to default next month”
Search the net and you will see a story like this every month for the last 20 years.
IF any of this is true is true it will be in the charts. Its ALL in the charts
whats KNOWN is already priced in. Assume if you can read it on the net..you are not the only one who knows this info
If its out there its priced in by definition
rant over
JPM prepping
I have wondered the same thing. Although it says nothing about ST-trading … it does suggest something on the LT.
When they load up like this I always think it’s so they have the ammo to dump it and collapse the price.