OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Interesting article. No clue what/when they’ll do with all that silver. Not sure Butler could prove they have all that metal as he freely admits.

I guess when they decide to dump that metal on the market we’ll have a problem.

Maybe they know that a currency will eventually be backed by silver. Maybe they know that gold will be revalued higher and speculate that silver will explode if that happens.

Ipso – it would be nice to see gold stay as overbought as the DOW has for so long.

http://stockcharts.com/h-sc/ui?s=dia

I think this article by Butler  warrants discussion. 

Within this article is everything that needs to be known about silver – what has happened – and what will happen.

The problem is the information is there, but it resides with JPM.  And they are not going to tell Butler, or anyone, what they have in mind.

JPM is not like Hunt or Buffet.   Hunt was an independent, and they crushed him.  Buffet probably not independent, but connected in some way. 

I do not agree with Butler.  I don’t think JPM is controlling silver independently on its own solely for profit. 

No one is going to do to JPM, what was done to the Hunts – JPM is absolutely part, or leader, of the cartel that controls silver (and a whole lot more). 

It scares me to the core to learn that they have such a large position of physical – what is their purpose?

Anybody have any ideas?

The Last Great Silver Buy

by Theodore Butler

January 12, 2018 – 1:44pm

In the annals of silver in the modern age, there have been two well-known instances of very large investor accumulations of the metal. First came the purchase by the Hunt Brothers and their associates in early 1980, followed by the purchase by Warren Buffett’s Berkshire Hathaway, 17 years later. The Hunts were said to control around 100 million ounces of actual metal (plus another 100 million ounces in long paper futures contracts), while Berkshire held as many as 129 million ounces.

Now there is compelling evidence of a third great investment accumulation of physical silver by none other than JPMorgan, one of the most powerful and connected banks in the world. This accumulation can be dated from the price peak of April 2011, after silver began what is now a near seven-year price decline. From zero in April 2011, the amount of silver in the JPMorgan COMEX warehouse has increased to 120 million ounces. Just about every ounce moved into the JPMorgan COMEX warehouse over the past 7 years has come from futures deliveries stopped (taken) by JPM in its own name. JPMorgan took delivery of 14 million ounces in December and so far, 13 million ounces have remained in the warehouses from which the metal was delivered. So this means that JPMorgan now holds more than 133 million ounces of silver in COMEX warehouses, or more than was held by the Hunt Bros or by Berkshire Hathaway at their peaks. There was a lot more silver in the world in 1980 and 1998 than there is today, meaning that JPMorgan’s accumulation is much more of an accomplishment than previous silver acquisitions.

JPMorgan’s COMEX warehouse silver holdings are only the tip of the iceberg. Beneath the surface, the true extent of JPMorgan’s physical silver accumulation is nothing short of mind-boggling. All told, including the verifiable 133 million ounces held in its own and other COMEX warehouses, JPMorgan holds at least 675 million ounces of actual silver. Simply put, JPMorgan has acquired six times as much metal as bought by the Hunts or Berkshire Hathaway. How is it possible that JPMorgan, could acquire such a massive quantity of physical silver, with no general awareness that it was doing so? More importantly, how did they do it while silver prices steadily declined over the entire time of JPM’s accumulation?

…….cont. http://silverseek.com/commentary/last-great-silver-buy-17047

I own some AXU, seems like a good long term call on silver. Technically looks like it could go a long way once it breaks out.

The dollar is sure looking sickly lately. If it really starts breaking down then gold’s overbought position won’t matter so much. Could stay overbought for a long time methinks.

Cheers

I like Goldie’s assessment and targets seems about right. AXU looks better to me but doesn’t pay the dividend.

I’ve got to temper my enthusiasm a bit though GLD looks like it’s getting overbought, not like that matters to the SM but it always seems to matter to pm’s.

I wonder why the USD took such a beating on Friday? Will the USD really breakdown from here and gold breakout, or will this reverse?

http://stockcharts.com/freecharts/perf.php?uup%2C%20gld

Most of the pm stocks are still in position trade mode until they pass resistance. Goro trying to move up to current past resistance on 5.26 to 6 area
and does pay divis I just hold it but almost hit the sell at 8 ish but didn’t want the tax issue but should of took it along with some others. AXU IMO resistance around 2:12 ish to 3 for now. Higher bounce seems more positive IMO I don’t hold that one.

Maybe it’s time for Goro again. They’ve had quite a ride! I always liked their policy of paying dividends, I wish more of the miners paid them.

Check those derivatives. Wow!

Interesting, the chart guys here might like to take a look. Also analyzes GORO and AXU

https://www.silverdoctors.com/gold/gold-news/gold-silver-will-not-first-go-down-in-price-like-they-did-when-the-markets-crashed-in-2008/

They were going to dump yesterday no matter what the retail sales and CPI were

https://www.silverdoctors.com/gold/gold-news/kaboom-11783-gold-contracts-dumped-on-market-in-one-minute-at-830-a-m-est-silver-hit-too/

Buygold, good chance you get that dollar rise in silver within the next four weeks. 🙂

Meanwhile, here is something to ponder over this weekend.

http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/

Bless me Father, for I have sinned. I have been with a loose girl.’
The priest asks, ‘Is that you, little Dominic Savino?’
Yes, Father, it is.
‘And who was the girl you were with?’
‘I can’t tell you, Father. I don’t want to ruin her reputation.’
“Well, Dominic, I’m sure to find out her name sooner or later so you may as well tell me now. Was it Tina Minetti?’
‘I cannot say.’
‘Was it Teresa Mazzarelli?’
I’ll never tell. ‘
“Was it Nina Capelli?’
“I’m sorry, but I cannot name her.’
“Was it Cathy Piriano?’
“My lips are sealed.’
“Was it Rosa DiAngelo, then?’
“Please, Father, I cannot tell you.’
The priest sighs in frustration. ‘You’re very tight lipped, and I admire that. But you’ve sinned and have to atone. You cannot be an altar boy now for 4 months. Now you go say a rosary and behave yourself.’
Joey walks back to his pew, and his friend Franco slides over and whispers, ‘What’d you get?’
‘Four months vacation and five good leads.’

Thanks for posting your thoughts! I hope you’re right about this Sunday being different.

I agree that Neumeyer is a smart guy and hope he turns his company and their investments into winners.

Best

I am in the habit of doing too.  Where I live the opening time for POG to come to life on Sunday afternnon is at 3:00 pm local time.  This is the first Friday evening in quite a while that I have a gut feeling that the traditional few dollar drop in POG when the posting first appears on a Sunday afternoon may play out  differently this weekend.  I would not bet any of our physical silver on it, but If I was a betting person I would wager that the POG (and POS) will post positive when things open at 3:00 pm local time this coming Sunday.

My gut feelings have proved to be unreliable sometimes in the past but I still rely on them for comfort.  Since I know your feelings about Neumeyer, I should also mention that I have positive gut feelings about what Neumeyer is capable of doing with First Majestic and First Mining Gold.  I think it is a good move for Keith Neumeyer to have changed the name of First Mining Finance to First Mining Gold Corp.    Have a good weekend.   Equiz

I had to laugh … they owned the silver and it was THEY who manipulated silver futures contracts ???

GAWD !!!! What a crock of crap !

I tell my grandkids that when I went off to college in 1959 in a state near Las Vegas , I went to Penny’s to buy a pair of Levi’s . I was to get over $5 in change (from a ten dollar bill ) , and the saleslady asked ” Paper ? Silver ? ”
I was from Canada and looked at my room mate with a stunned look . He said ” She is asking if you want paper dollars or silver dollars .” Then he added ” Take the paper – the rough edges on the coins will wear out your pockets .”

If I saw him today , I would kick him so hard in the groin , he’d be bent over for a week !

Well, back to Wiki…

Silver manipulation[edit]
Main article: Silver Thursday
Beginning in the early 1970s, Hunt and his brothers William Herbert and Lamar began accumulating large amounts of silver. By 1979, they had nearly cornered the global market.[8] In the last nine months of 1979, the brothers profited by an estimated $2 billion to $4 billion in silver speculation, with estimated silver holdings of 100 million troy ounces (3,100,000 kg).[9]

Primarily because of the Hunt brothers’ accumulation of the precious metal, prices of silver futures contracts and silver bullion rose from $11 an ounce in September 1979 to $50 an ounce in January 1980. Silver prices ultimately collapsed to below $11 an ounce two months later.[10] The largest single day drop in the price of silver occurred on “Silver Thursday.”[2] In February 1985 the Hunt brothers were charged “with manipulating and attempting to manipulate the prices of silver futures contracts and silver bullion during 1979 and 1980” by the United States Commodity Futures Trading Commission.[2]

In September 1988 the Hunt brothers filed for bankruptcy under Chapter 11 of the Federal Bankruptcy Code largely due to lawsuits incurred as a result of their silver speculation.[2]

In 1989, in a settlement with the CFTC, Nelson Bunker Hunt was fined US$10 million and banned from trading in the commodity markets as a result of civil charges of conspiring to manipulate the silver market.[2] This fine was in addition to a multimillion-dollar settlement to pay back taxes, fines and interest to the Internal Revenue Service for the same period. His brother made a similar settlement.[2]

Make that you, Farmboy, and me.

Farmboy – didn’t like seeing your dawgs get screwed. Not looking forward to the Cocktail Party next year!

Probably. He’s moving us hopefully towards the “America first” protectionist side.

I don’t care about his shithole comment, he knows good and well that allowing these people in makes us weak. The Democraps and globalists, Zionists don’t care about anything other than increasing their voting blocks to grow gov’t and enslave us all to increase their wealth.

Make no mistake though, they will crash the dollar and create a lot of pain for us here I the US. jMHO

Bigly, Hugely….but, why?  Because yesterday the essential truth was finally finally revealed. So simple but, I really didn’t see it coming. Four words alone did it. “We Need More Norwegians.”

“The Bank”. No NEED to defend the dollar now. They have to defend themselves. Banks are up to their asses in real estate investments. Higher rates? PAIN! They are backers cosigners of real estate.  That’s why they wrote so many no document 110% leverage liar loans. They need debtors that can afford to pay.

I agree with you. Personally I don’t think the Fed gives a rats ass about their debts, the dollar, the economy, assets or anything else. This is a shell game, Euro banks get strong, US banks get weak. Central banks are all over, one gets strong, the others get weak. They make money regardless as long as fiat lives. IMHO, this is the key: Iran, North Korea and Syria have no Central Banks. Usury used to be illegal in Muslim countries, this is why Saddam and Khadaffi were killed.

I really can’t believe that we’ve allowed the Rothschild banks to do this. Lead us to war where they’ve financed both sides, allowed them to control govt’s,currencies and media propaganda. Allowed us to kill people and be killed for profit.

Whatever, Bitcoin and Ethereum are the new rave. 🙂

The Commitment of Traders Report

Silver

*The large specs increased their long positions by 9,186 contracts and reduced their shorts by 6,099 contracts.

*The commercials reduced their longs by 2,507 contracts and increased their shorts by 10,243 contracts.

*The small specs reduced their longs by 1,147 contracts and increased their shorts by 1,388 contracts.

GOLD

*The large specs increased their long positions by 47,733 contracts and increased their shorts by 7,713 contracts.

*The commercials reduced their longs by 5,005 contracts and increased their shorts by 37,666 contracts.

*The small specs increased their longs by 2,774 contracts and increased their shorts by 123 contracts.

…and just try to use well water instead of municipal water – your home will be declared unfit for habitation . A lady on the west coast of Florida had good reasons to go to well water ( maybe did not want fluoridation or chlorination ? ) . The legal battles were unbelievable , but the issue made the news , and soon folks were saying to city council “Do we live in liberty or not ?” The gestapo tactics backed off a bit , but bet me , she now pays a city water bill .

Copy that, thanks for the info. However, re your…”the only reason the Fed does a hike like that is to defend the falling dollar. ” It was thought provoking. And my thoughts are that the Fed Res is…..

“The Bank”. No NEED to defend the dollar now. They have to defend themselves. Banks are up to their asses in real estate investments. Higher rates? PAIN! They are backers cosigners of real estate.  That’s why they wrote so many no document 110% leverage liar loans. They need debtors that can afford to pay.

Mr. Copper – 2014 on the USD move is interesting. No doubt the CNBS folks and some of the consensus folks in articles I’ve read are getting creamed on their bullish dollar bets. Funny, there was a ZH article from B of A where their clients are supposedly wondering if the Fed might do a surprise rate hike of .5% if the S & P got to a certain level. I’ll say this, the only reason the Fed does a hike like that is to defend the falling dollar. If they do, it will have to be a lot more than .5% -think Russia.

Maddog – yes, the pm world looks a lot better tonight. I’m glad to hear you are loaded for bear in pm’s. I’ve been that way for years, no longer looking for these $5 moves but looking for a $1-2000 up move to make up ground. I’ll say this though, I’m really encouraged by the surge in volume in the shares at the close. Probably made a mistake selling GG but I’ve been burned so many times on Sunday nights and COT Reports – taking a little off the table was prudent.

CNBS is talking a lot about Bitcoin this afternoon and it falling. Ethereum is the new rage. I dunno, can’t play there.

Good luck to all, me and Farmboy need a $1 move up in silver next week.

Spot Gold 1338.30

Many players on CNBC said they were confident of a higher dollar. They must be getting killed if still hanging on to long dollar bets. Widely held opinions are often wrong. They were all unanimous for higher interest rates too. Lets not be surprised to see falling rates.

Being a moron I’m loaded for Bull and looking to load up…….let’see.

5 weeks up…screaming correction in our world, in the SM barely registers ????

Cheers and have a great one….tonight the world looks a little better.