How to Get Hedge Funds to Push Silver Price to $500 and Crash JP Morgan
Commodities / Gold and Silver 2010 Nov 24, 2010 - 04:51 AM GMTThis is the true divide that separates the have from the have yachts and this is truly what is going to catapult us in the global conflict, the insurrection against corporate and banking occupation. It's savers versus speculators. The savers have only one recourse, and it's true on the central bank level, and it's true on the individual level. It's precious metals. That's the only recourse we have! - Max Keiser
Check out episode two of Mike Maloney and Max Keiser in Paris, France.
Covered topics include:
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Click on the video below:
The Crash JP Morgan Buy Silver Manifesto or: How to Get Hedge Funds To Do Your Dirty Work For You And Drive the Price of Silver to $500
1 – JP Morgan has a huge short position in Silver – estimated to be 3.3 billion ounces – tied to an enormous, extremely precarious $65 trillion derivatives position.
2 – Various exchanges around the world have been caught manipulating the price of Silver using 'naked' short sales i.e., counterfeiting.
3 – Of all the actively traded commodities traded around the world, Silver is one of the least plentiful and its supply is shrinking, but its industrial uses are multiplying. The 'networked' age of global communications is built with Silver.
4 – Hedge funds are taking physical delivery of Silver – adding substantial demand as well as exposing these exchange's naked short positions – who are already scrambling to deliver – jacking prices up to multi-decade highs – and inspiring these predatory funds to buy more Silver.
5 – There are billions of people around the world who are aware that banks have been committing fraud and embezzlement who are upset that their politicians seem only interested in helping the banks commit more fraud – who are looking for a cheap way to non-aggressively fight back and decapitalize these banks.
6 – Many of these people have the access and wherewithal to purchase 1 ounce of Silver – thus removing hundreds of millions of ounces of Silver from the 'paper' market – forcing additional scrambling by dealers to fill orders by buying back short positions – inspiring the funds to buy and take physical delivery of even more Silver – creating a colossal short squeeze – in which JP Morgan stands to be the biggest loser.
7 – Buying Silver is how the world is monetizing its anger at the banks who stole their wealth.
8 – Crash JP Morgan Buy Silver
- Mike Maloney
Mike Maloney is the owner and founder of GoldSilver.com, an online precious metals dealership that specializes in delivery of gold and silver to a customer's doorstep, arranges for special secured storage, or for placement in one's IRA account. Additionally, GoldSilver.com provides invaluable research and commentary for its clients, assisting them in their wealth building endeavors.
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Comments
thomas
02 Dec 10, 01:44 |
crash
Crash JPMorgan Buy Silver bank run December 7 |