iShares Silver Trust (SLV)

[AlwaysRed]

Yeah there is no doubt that JP Morgan, due to the Bear Stearns take over, was the cause of the rise of the price of silver at that time:

https://www.milesfranklin.com/jp-morgans-silver-position/

https://mikesmoneytalks.ca/gold-and-silver-shorts-were-the-real-demise-for-bear-stearns/


So the story goes. Bear Stearns at the time held the largest short position in silver and they were getting caught with their pants down. Needed to cover. Couldn't. Silver squeeze was coming. Bankruptcy.

JP Morgan takes over short position after they acquired Bear Stearns. They needed to have the ability to cover the shorts. So they started buying all the physical they could get their hands on. That drove the price up to silly highs.

Now the metal salesmen at the time were saying this is it! This is the end of the system! Buy now! But they were lying again. As usual.

So JP Morgan acquired, accumulated the largest physical position of physical silver ever. Drove the price to nearly 50. The public piggy backed this and panic bought thinking this was the end.

Then JP Morgan and the criminal cabal SMASHED the price via paper naked shorts and futures contracts and have had compete control of the silver market since. I have been trying to explain this and show it for quite some time.

The fundamentals of silver are undeniable. However, the fact remains that the powers that be have had complete control of "Money" for a very long time. As much as I own, I would love to see metals break free from their clutches. But it just wont happen. They have unlimited digits to continue to manipulate the prices.

Hate to say it.......