Silver market manipulation, according to AI
Azurescens
Posts: 2,813 ✭✭✭✭✭
Well there you have it.
"Even AI admits it:
The manipulation of silver prices is primarily conducted by major bullion banks such as JPMorgan Chase, UBS, HSBC, and Goldman Sachs. These banks manipulate silver prices mainly during the U.S. trading session on the COMEX market between 8:30 AM and 11 AM EST. This timeframe is when they aggressively "slam" the price down to prevent it from breaking key technical or psychological levels, thereby suppressing silver prices almost daily for decades.
They perform this manipulation by flooding the market with large quantities of "paper" silver (mostly futures contracts unbacked by physical metal) and by using tactics like spoofing (placing large sell orders with no intention to execute to create price ceilings). This keeps silver prices artificially low to avoid triggering a bull market that could undermine the confidence in paper currencies like the U.S. dollar.
Regarding at what silver price point these banks are in trouble: they hold massive net short positions, equivalent to hundreds of millions of ounces of silver, largely as naked short sales. For every $1 increase in silver's price, these banks stand to lose hundreds of millions of dollars. Once silver breaks above key resistance levels—historically around $32 to $33 per ounce and recently with breakouts around $35 to $39 per ounce—these banks risk a "short squeeze" where they must buy back physical silver at much higher prices to cover their positions. This could create a runaway rally with prices potentially soaring far above current levels, putting these banks in serious financial distress."
Comments
This is like Reading it on the Internet and Now Asking the Internet... Must be True.
Also said that 55 quadrillion Lincolns had been minted…
Martin Armstrong has a few things to say about language-based AI models, which they all are.
I knew it would happen.
no comment. LOL
No Way Out: Stimulus and Money Printing Are the Only Path Left
Synonyms for the word "artificial"...
Knowledge is the enemy of fear
ya got one of these for "manipulation?"
No Way Out: Stimulus and Money Printing Are the Only Path Left
I don't feel entirely comfortable discussing silver, AI, or modern coin production because it can be considered political. But I believe I can say there are enormous changes at hand affecting every aspect of modern life and human behavior. AI is neither the cause nor the effect of these changes but it is at the vanguard.
An explosive rally in silver becomes more probable with each passing days. It will be caused by both structural and cognitive changes that have been building for centuries.
Mebbe it added up all the dates on them.
There has been an enormous change in the last couple months that goes far beyond learning human language or predicting words. No it's not thought yet and never will be (I believe) but it seems some sort of proto-consciousness may be emerging. Even if I'm wrong the fact remains that their quality as search engines is staggering and people can find the facts about silver on their own if they're willing to spend few minutes.
It's never been like this before. You can research any subject and find how the cutting edges in every field interact. This is no mean feat in its own. It will understand you if you are persistent. This allows it to format answers in terms you personally can understand. This alone would be transformational.
None of this means the information is correct. Everything AI says is actually "What would the answer to this question look like?".
Yes. Exactly true. But it is now doing this on a far deeper level. It is effectively beginning to provide answers about philosophical questions on this same basis. This is astounding computational ability at a time when more thinkers are using, designing, or benefitting from AI, is leading to the ability to better communicate. This is a fundamental shift that will change things.
For me, reading AI output still seems like eating empty calories.
I'm sure $50 silver in 2011 naturally dropped to $25 before the end of the year, on account of the very resilient economy on the tailwinds of economic collapse.
JPM paid a billion dollars in fines for rigging the markets and people are now serving federal prison sentences for spoofing the precious metals markets.
Yes, and you could have researched this on your own and come to the same conclusion without AI, and with a lot more confidence.
Kinda like the Cliff Notes back in high school. Google that!
AI results from a google search are the quick answer, sorta like the one you get from your brother in law: Is he right or is he guessing?
No Way Out: Stimulus and Money Printing Are the Only Path Left
Yup....dont trust the mainstream AI. Dig deep into the depths. Thats where the truth lies.
Knowledge is the enemy of fear
It does have a few practical applications even now to most people. It can phrase things in terms you can understand. It's true that it will not always provide correct or appropriate answers so they should be checked. It makes a great search engine. It can answer simple questions about simple things and I find this highly useful. Questions like can you use a splitter on computer inputs. The answer was surprising but I hadn't predicted it. There are lots of practical questions that it tends to be impractical to google. I use several of them for different purposes but most of the time for "philosophy" I prefer Copilot.
They are all impressive but a few are still dumber than half a box of rocks.
I already knew all of that, though. I'm not sure what your angle is here but you seem pretty insufferable. Please try to be a better person.
Welcome to my Ignore list
Bye Felicia. 👋 Sorry to have hurt your feelings by asking you to be a less judgmental and better human being. Maybe there are safe spaces available for you on reddit.
So I guess that now that the "manipulation" is over, silver is headed to $150 an ounce ?
Well, Rostin Behnam former head of the CFTC let slip during two separate interviews that the government had to tamp the price of physical silver to prevent a catastrophic market event. He said it as if it were just some normal everyday thing, like woops yeah big daddy government had to come to the rescue so banks didn't collapse.
This tells us banks are still very short on metals and haven't closed their positions. It also tells us the situation is so dire that banks don't even have the money to handle this themselves.
I'd assume since we haven't had that event yet, the scheme rolls on. The government stepped in once already so it stands to reason they will continue to do so.
I'm assuming there needs to be some massive black swan event. Otherwise heavily shorted stocks and metals will have a slow melt up. This allows manipulators to make profit on the way up through options and then again on the way down. It's been explained to me that this could prevent a squeeze scenario and, if done right, could even result in even more profits. This could be the most likely scenario.
I think, in the end, anyone who just keeps accumulating over their lifetime or is otherwise playing this as The Very Long Game will end up doing well. I guess the tricky part then is how much will a loaf of bread cost when silver hits like $800 or something ridiculous?
Two thoughts:
1) If the banks are so short that closing their shorts would cause a systemic failure in the banking system and credit system such that it would bring down the entire economy and uncle sam is willing to bail them out entirely - it simply means that either the banks and government have merged, or it means that the banks now run the government per se (if they don't already, but that's a different discussion). Take your pick - neither is good for us. It would be Klaus Schwab's wet dream.
2) It may well be that the banks and gov.com both realize that gold & silver are being remonetized whether they like it or not, so they are accumulating PMs as fast as possible and as much as possible before an official devaluation of the dollar. Once the market has been drained of gold & silver as much as possible, the banks and gov.com can decide on a valuation by which they can completely eliminate their own debt with a portion of the gold & silver that they hold - with most of their holdings left over for future spending. Voila!
What number for gold would do that? Take $2 quadrillion or so (total liabilities, funded & unfunded) and divide it by the number of ounces held by gov.com (40 million?) and you have your answer for the amount of gold needed to equal total obligations.
Divide that number by .02 and that number would leave the banks and gov.com sitting pretty in terms of future spending. That number (sufficient to leave the banks and gov.com sitting pretty) would be $200 quadrillion.
To Recap - Divide $200 quadrillion by the number of ounces that gov.com and the banks hold - say maybe 40 million ounces by now. An ounce of gold would then be $5 billion (plus or minus a few $100 million). Welcome to Weimar.
Knock off about 15 zeroes and you now have 2 "New Dollars". It would've been easier to have a real budget, honest money and honest politicians in the first place. But we don't.
I knew it would happen.
No, it fell because the collapse of the Euro and the debt implosions came to an end. Why would silver go up if the reasons for the rise had ceased ?
Is he a bank regulator ? How would he know ? Banks don't speculate in PMs -- regulators would close them down if they did. Read a bank balance sheet some time, stop taking as gospel nonsense from guys with losing investment track records.
You're taking a few isolated quotes from him and twisting into Conspiracy Nonsense 101.
Silver was $30 at the time. It's $40 and rising today. Nothingburger.
No it doesn't. Which bank is short PMs for their own account ?
Yeah, so a collapse is coming if you are able to live to 125 or 150 years of age...you don't know when....it's just going to happen.
OK, got it.
In other news...an asteroid is heading towards Earth that will wipe out our monetary system as we know it. Could be in 20 years.....or 20,000 years....or 20 million years.
But it's coming.
Invest accordingly.
@GoldFinger1969: You are attributing a quote to me that I didn't say. Please correct your post.
I knew it would happen.
What quote ? If you referenced someone else and I was quoting/referring to them, I'm not quoting you.
I don't see my attributing anything to you, but if I did, let me know and I'll correct/delete it.
...
What quote ? If you referenced someone else and I was quoting/referring to them, I'm not quoting you.
I don't see my attributing anything to you, but if I did, let me know and I'll correct/delete it.
@GoldFinger1969 : @jmski52 said: Well, Rostin Behnam former head of the CFTC let slip
@GoldFinger1969: Seriously, I said nothing about Rostin Benham. Two posts above your most recent one. Please change your incorrect attribution.
I knew it would happen.
JM, it was a quote from Azure that somehow got transposed under your byline. I have corrected the wrong attribution. Thanks.
Here is an article published by Kitco back in March. It's an interesting read for anyone who hasn't already read it. A little long and not super detailed but puts it in layman's terms, imo.
You can call it conspiracy, facts or just opinion.
https://www.kitco.com/opinion/2025-03-20/mechanics-silver-price-suppression