FT reporting CTFC silver investigation nears end
derryb
Posts: 36,790 ✭✭✭✭✭
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
0
Comments
Iran launched another rocket and we're entering Syria.....and Isreal is growing impatient in another report
....why isn't all this enough to move gold and silver up?
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
There is either no proveable manipulation (or, they are very good at it...).
Guess that means we still have to deal with PM market as it is, planning accordingly.
<< <i>Perhaps the reason why silver hasn't budged this mornng but Asia and Europe danced all night with their stocks.
Iran launched another rocket and we're entering Syria.....and Isreal is growing impatient in another report
....why isn't all this enough to move gold and silver up? >>
These days, the dollar determines PM movement
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Silver Doctors
they had doubled up on their otc silver derivatives from $90 BILL to $203 BILL.....a short position equivalent to "hedging" 19 yrs of world silver production....right before silver tanked.
We see this "every day" in other markets too where 1 bank hedges 19 yrs of world oil production, or 19 yrs of world copper production, or 19 yrs of world gold production, or 19 yrs
of wheat or corn production. Nothing to see here.....move on people.
<< <i>Interesting...silver appears to be only manipulated downward....but what happened when it jumped to $49 last year? Who was the culprit that manipulated that move, because I like to keep an "eye on him." >>
It was Baley
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>Interesting...silver appears to be only manipulated downward....but what happened when it jumped to $49 last year? Who was the culprit that manipulated that move, because I like to keep an "eye on him." >>
It was Baley >>
"nope"
"Okay, thanks"
I knew it would happen.
<< <i>"Hey, JPM are you guys manipulating any silver?"
"nope"
"Okay, thanks" >>
It's obvious they're not...otherwise it would be up to $75 an oz.
So, maybe more sense to predict what the manipulators will do, rather than predict a rise in silver due to a considered real value.
Then, why would 'they' wish to keep the price low, and when would they wish to let the price climb?
(is silver really rare..)
<< <i>Interesting...silver appears to be only manipulated downward....but what happened when it jumped to $49 last year? Who was the culprit that manipulated that move, because I like to keep an "eye on him." >>
JPM's otc silver derivatives were being scrutinized more closely from late 2010 to mid-2011. They kept them down at a lower, steady state level. It did help silver run. But 8 margin
calls by the CME put a quick end to that.....especially those last few in just 1-2 week's time.
It was Baley.
I've noticed that Baley is oddly absent from this thread.
I knew it would happen.
<< <i><< Interesting...silver appears to be only manipulated downward....but what happened when it jumped to $49 last year? Who was the culprit that manipulated that move, because I like to keep an "eye on him." >>
It was Baley.
I've noticed that Baley is oddly absent from this thread.
and silver has been creeping up. He must be at the local B&M.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"JPM’s short position, at 18,000 contracts (90 million oz), is still more than three and a half times the proposed position limit in silver. The most plausible explanation for why JPMorgan has not rid itself completely of this manipulative short position is because it can’t do so easily. This is particularly true if JPMorgan tried to buy back its silver short position on rising prices. It would be a shock to the silver market system if the biggest short seller of last resort suddenly turned buyer. In essence, this is the root problem with concentrated positions in general – they cannot be unwound without market upheaval. For JPMorgan to turn to the silver buy side would beg the question – who would sell to them and at what price? The problem with the sharply higher silver prices that JPMorgan would cause if it turned silver buyer is that it would confirm that the bank was, in fact, manipulating the price of silver all along. To my mind, this means JPMorgan is trapped. They can’t run and they can’t hide. This is precisely the conclusion that any large investor would reach if that investor took the time to study silver closely. I can’t see how that won’t happen in time and a more bullish set up is hard to imagine."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey