Commodity Trade Mantra

Posts Tagged ‘Comex Silver Futures’

It's Time for Gold and Silver Equities to Rally Again

A move through $1,400 gold will once-and-for-all dispel any belief that 2016’s gold and silver rallies were nothing but “bear market rallies.” A weekly close above that level will not only set up a test of the 2011 peak north of $1,900, it will finally silence the fools calling for $850 gold. Meanwhile, the predictive power of the gold and silver miners has once again prevailed.

JPMorgan's Stockpile of Physical Silver Guarantees Higher Silver Prices Ahead

The one factor that just about guarantees much higher silver prices is that JPMorgan Chase, has accumulated the largest privately owned stockpile of physical silver in world history over the past five years – 500 million ounces. All JPMorgan has to do to guarantee that silver prices will soar to the heavens is Nothing; specifically, not sell additional contracts of COMEX silver short on the next big rally.

Five Years That Have Changed The Silver Market Forever

Everything from COMEX silver warehouse movement, deliveries against futures contracts, changes in the big silver ETF, SLV, sales of silver coins from the U.S. and Royal Canadian Mints point to the massive accumulation of silver by JPMorgan. They are positioned to make $100 billion or more in a runaway silver market. They will make $1 billion on a $2 rise in silver prices.

Silver Investment Demand Is Draining The Vaults Of Comex

Some major precious metals depots around the country, such as those in Los Angeles, completely ran out of all forms of pure silver last week, and mint owners are scouring the country to lock up the silver they need to keep production running. The scenario is deeply frustrating for mints that should be having a heyday in this period of high silver investment demand.

Fundamentals Indicate The Price Of Silver Must Increase Dramatically

Its astounding how the acceptance, that silver and gold prices are manipulated by COMEX trading has grown. Silver prices are set on the COMEX when speculators adjust futures positions. Fundamentals will dictate the future price of silver, but they have zero influence on short to intermediate term pricing. That’s why I focus so closely on COMEX positioning.

One Of The World's Largest Silver Miners Slams The CFTC About Silver Market Manipulation

A Canadian silver miner has decided to take the CFTC to task about the concentrated shorting in Comex silver market. We salute First Majestic with this first public appeal by a corporation to CFTC to stop the rigging in the silver market, but have absolute certainty that this complaint too will promptly end up in trash.

The Biggest Silver Haul in History

The big buyer is exploiting a loophole in the law that requires the Mint to produce to whatever the demand might be. So JPMorgan artificially depresses silver prices via short sales on the COMEX and then requests that the US Mint sell it all the Silver Eagles it can produce. JPM wants all the silver it can get its hands on.

Silver Price-Fixing Conspiracy Theorists Lose Battle But Continue War

Despite legal arguments presented by dozens of appellants, the US Second Circuit Court of Appeals ruled that silver price manipulation theorists had legally failed to show that JPMorgan had manipulated the silver market. The alleged silver price fixing by JPMorgan may be headed to the Supreme Court

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