I said this the other day... and the board claimed they were being squeezed. They control the markets, not retail...if price is above 70 for silver its because they want it to be above 70.
Its beyond stupid to think that JPM was shorting silver for any other reason BUT to build a massive position. Silver cant go bankrupt, it cant go to zero like a stock... the banks were simply constraining the price to build massive positions.
All I know is, silver is an industrial metal and have been extremely low compared to gold. Based on what I understand, silver should be 1/10 of gold. Just do the math.
I said this the other day... and the board claimed they were being squeezed. They control the markets, not retail...if price is above 70 for silver its because they want it to be above 70.
Its beyond stupid to think that JPM was shorting silver for any other reason BUT to build a massive position. Silver cant go bankrupt, it cant go to zero like a stock... the banks were simply constraining the price to build massive positions.
Exactly
All I know is, silver is an industrial metal and have been extremely low compared to gold. Based on what I understand, silver should be 1/10 of gold. Just do the math.