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Given the reputation of the likes of JPM etc, I would be more surprised if they had ANY metal, in their ETF’s….What they will most likely have is a note from the JPM dealing desk, saying they will cover any demand for Phys, if it ever happens…..
Remember the Perth Mint and I think Wells Fargo had Unallocated Accounts, that let u buy Phys…they charged storage and insurance…..then someone opened a vault and Ooops that’s funny ….all they got was an echo !!!!!
Then later on they dreamt up ETF’s …..which basically do the same….let you think you are buying for the metal.
Sprott have their Phys etf’s audited independently, I think twice a year, but certainly annually . They are the only ones to do it….for some strange reason.
Sporting near 1% gains already. In times past, this would be worrisome. Probably still should be, but for now it’s nice to see us separate ourselves from $3K a little, and more importantly, popping above $34 silver.
Funny, 1% gains don’t seem so small anymore.
PM shares are strong, wherever they are trading right now. Dollar, rates, SM are flat. Oil the big winner up 1.2%
There will be 52-week highs everywhere in the shares at the open if this holds. HUI should be the same, and approach 360. We’ll be near oversold, but once that corrects itself, there’s nothing but air above most of these shares.
I suppose if they are going to slow this train, they’ll try to do it with silver again.
Well blackrock strikes again. Hsbc used to be the biggest holder of gold GLD and silver but JPM and Blackrock took it over. They paid the biggest fine for manipulation but the wolves are still left to guard the hen house.
Raiding a home and sanctuary for 5 hours of a Trump supporter on social media with is pet squirrel Peanut and Fred the raccoon confiscating Peanut and Fred and murdering them because their care taker was a Trump supporter a pure act of despicable Nazi type revenge.
Hunter Biden who has no right to have secret service protection Daddy gave him that’s up to age 16 yrs old. He had 16 of them and they just got pulled.
How can they just take people’s money? Don’t they have any laws protecting them from some maniac coming along helping himself to their property. They’re going to drive money and investors right out of the country. The fall of Rome part deux is coming.
This is a good case not only for gold and silver but cash for now or in another currency but self custody in Bitcoin out of their reach.
Looks like London could sell the phyzz too but will it drain supply’s at a bad time. Guess any profit could be offset by costs to have it delivered or stored depending.
Everybody’s cutting except the Fed.. for now.. but when they do they won’t be able to stop according their analysis. Makes some cases of what’s likely to happen.
and now this, call to boycott US defence products….and buy EU ones. like those famous Italian tanks, that had 1 forward and six reverse gears…or 2nd hand French rifles ….never fired, only dropped once .
Don’t shoot the messenger, Simon said how they were going to do it, get the excuse for the CBDC and looks like their plant Carny in Canada is working for them too Stack those pre 65 silver for barter for when the power fails. They have new 99. Silver dime size 10 oz fractional silver now when the lights go off. Then plan to make your own dollars or revive them..
You’d think this info would cause a run on the banks? Not to mention there’d be a lot of pissed off EU citizens! The EU bureaucrats sure think they can do anything they like. Tyranny!
And while the actual number is likely much lower than what these pollsters (fraudsters) claim, still, it should scare the daylights out of everybody this narrative is being pushed.
I guess the price of groceries needs to double again.
But it’s likely Carney was installed to facilitate this … so watchout … Canada will have a CBDC before you know it.
Carney is Trudeau on skates … the devil incarnate.
But maybe Canadian’s will eventually get it – when it’s too late.
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