Best of the Week
Most Popular
1. Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO - Raymond_Matison
2.Uber’s Nightmare Has Just Started - Stephen_McBride
3.Stock Market Crash Black Swan Event Set Up Sept 12th? - Brad_Gudgeon
4.GDow Stock Market Trend Forecast Update - Nadeem_Walayat
5.Gold Significant Correction Has Started - Clive_Maund
6.British Pound GBP vs Brexit Chaos Timeline - Nadeem_Walayat
7.Cameco Crash, Uranium Sector Won’t Catch a break - Richard_Mills
8.Recession 2020 Forecast : The New Risks & New Profits Of A Grand Experiment - Dan_Amerman
9.Gold When Global Insanity Prevails - Michael Ballanger
10.UK General Election Forecast 2019 - Betting Market Odds - Nadeem_Walayat
Last 7 days
When the Crude Oil Price Collapses Below $40 What Happens? PART III - 17th Nov 19
If History Repeats, Gold is Headed to $8,000 - 17th Nov 19
All You Need To Know About Cryptocurrency - 17th Nov 19
What happens To The Global Economy If Oil Collapses Below $40 – Part II - 15th Nov 19
America’s Exceptionalism’s Non-intervention Slide to Conquest, Empire - and Socialism - 15th Nov 19
Five Gold Charts to Contemplate as We Prepare for the New Year - 15th Nov 19
Best Gaming CPU Nov 2019 - Budget, Mid and High End PC System Processors - 15th Nov 19
Lend Money Without A Credit Check — Is That Possible? - 15th Nov 19
Gold and Silver Capitulation Time - 14th Nov 19
The Case for a Silver Price Rally - 14th Nov 19
What Happens To The Global Economy If the Oil Price Collapses Below $40 - 14th Nov 19
7 days of Free FX + Crypto Forecasts -- Join in - 14th Nov 19
How to Use Price Cycles and Profit as a Swing Trader – SPX, Bonds, Gold, Nat Gas - 13th Nov 19
Morrisons Throwing Thousands of Bonus More Points at Big Spend Shoppers - JACKPOT! - 13th Nov 19
What to Do NOW in Case of a Future Banking System Breakdown - 13th Nov 19
Why China is likely to remain the ‘world’s factory’ for some time to come - 13th Nov 19
Gold Price Breaks Down, Waving Good-bye to the 2019 Rally - 12th Nov 19
Fed Can't See the Bubbles Through the Lather - 12th Nov 19
Double 11 Record Sales Signal Strength of Chinese Consumption - 12th Nov 19
Welcome to the Zombie-land Of Oil, Gold and Stocks Investing – Part II - 12th Nov 19
Gold Retest Coming - 12th Nov 19
New Evidence Futures Markets Are Built for Manipulation - 12th Nov 19
Next 5 Year Future Proof Gaming PC Build Spec November 2019 - Ryzen 9 3900x, RTX 2080Ti... - 12th Nov 19
Gold and Silver - The Two Horsemen - 11th Nov 19
Towards a Diverging BRIC Future - 11th Nov 19
Welcome to the Zombie-land Of Stock Market Investing - 11th Nov 19
Illiquidity & Gold And Silver In The End Game - 11th Nov 19
Key Things You Need to Know When Starting a Business - 11th Nov 19
Stock Market Cycles Peaking - 11th Nov 19
Avoid Emotional Investing in Cryptocurrency - 11th Nov 19
Australian Lithium Mines NOT Viable at Current Prices - 10th Nov 19
The 10 Highest Paying Jobs In Oil & Gas - 10th Nov 19
World's Major Gold Miners Target Copper Porphyries - 10th Nov 19
AMAZON NOVEMBER 2019 BARGAIN PRICES - WD My Book 8TB External Drive for £126 - 10th Nov 19
Gold & Silver to Head Dramatically Higher, Mirroring Palladium - 9th Nov 19
How Do YOU Know the Direction of a Market's Larger Trend? - 9th Nov 19
BEST Amazon SMART Scale To Aid Weight Loss for Christmas 2019 - 9th Nov 19
Why Every Investor Should Invest in Water - 8th Nov 19
Wait… Was That a Bullish Silver Reversal? - 8th Nov 19
Gold, Silver and Copper The 3 Metallic Amigos and the Macro Message - 8th Nov 19
Is China locking up Indonesian Nickel? - 8th Nov 19

Market Oracle FREE Newsletter

How To Buy Gold For $3 An Ounce

Will JPM Dump Physical Silver Into the Next Price Rally?

Commodities / Gold and Silver 2015 Nov 24, 2015 - 03:35 PM GMT

By: Dr_Jeff_Lewis

Commodities The final question asked of Ted Butler in our recent Q&A was in response to his claim that JPM has amassed a huge hoard of silver over the last 4 years…. The question is, can they do this?

Ted:       Sure. If you own something, you can't tell somebody you can't sell it. Is it possible that J.P. Morgan could use the physical, (the four hundred million ounces that I allege that they've accumulated in the last four and a half years), to keep the price of silver depressed for as long as they could supply silver to the market at any price that they decided? Is it possible? Yes, of course it's possible. 



But is it probable and is it likely? I don't think so.  Because you have to take an objective appraisal of J.P. Morgan.  Why do they exist. Just like a shark is a perfect eating machine supposedly, J.P. Morgan is a perfect profit machine.

It's what they do. They just make money. They steal from their customers and others as much as they can which is reflected in the many billions of dollars of fines and settlements that they've accrued.  All in the pursuit of profit. That's the common denominator, that's what makes J.P. Morgan tick. It is the quest for profits.

They have a situation here. If I'm correct and they've got four hundred million ounces then they should be in jail because they acquired that four hundred million ounces predominately on lower prices that they were instrumental in causing to be low by virtue of paper short sales on the COMEX.

Talk about a perfect crime. They lowered the price and they've accumulated all this silver, four hundred million ounces, at a highly advantageous price higher than it is now. It's got to be in the twenties, their average buy-in price. Will they turn around and sacrifice that? I don't think so. These guys are in it for the money. They don't care about anything. They'd steal their grandmother's eyes if there was a buck in it for them..

Look, if silver comes to a hundred dollars and beyond, that's like forty billion dollars for J.P. Morgan. It's like a thirty billion dollar profit. This is table stakes for them.

Yes, if they're nickel and diming two million credit card customers at a time then the nickels and dimes add up, but if they got four hundred ounces of silver like I allege.. I think that's probably the most bullish thing you could say about silver.

Because the crook has got the biggest position. The way he's going to make money is the more it goes up. That's just the probability. Can I guarantee that? No, of course not. Is it possible that they could sell? Yeah, I guess, but is it probable? I don't think so. What for? What do they have to gain? They're out to steal every dollar that's not nailed down. They're bigger than the U.S. government.

People think sometimes that the U.S. government's going to keep the price down and protect the dollar or the stock market. I say there's a simpler explanation. J.P. Morgan suppressed the price these last four and half years precisely to acquire this silver and they have no interest of letting loose of this silver except at some extraordinarily high price.

For more interviews and LIVE webinars, subscribe to our YouTube channel. https://www.youtube.com/embed/H9eJnyMbwso

By Dr. Jeff Lewis

    Dr. Jeffrey Lewis, in addition to running a busy medical practice, is the editor of Silver-Coin-Investor.com

    Copyright © 2015 Dr. Jeff Lewis- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Dr. Jeff Lewis Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules