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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 308.07+1.5%4:00 PM EDT
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To: dara who wrote (29604)3/20/2023 8:21:03 PM
From: Black Blade3 Recommendations

Recommended By
kidl
Old_Sparky
Winfastorlose

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JP Morgan has a long history of Silver market manipulation and has been hit with lawsuits and penalties over the years. It doesn't seem to phase them one bit as they just keep on manipulation the price of Silver by "papering over" the market with "paper silver" contracts (not physical silver) because there simply isn't enough silver to cover if the counter parties ever called in their positions. This is partly due to rules put into place when the Hunt Brothers cornered the silver market in the 1980s. The regulators simply changed the rules on them and caused the Hunt Brothers to declare BK as a result. There is no true "free market" in commodities anymore unless investors demand delivery of the underlying commodity. Even then, the regulators changed the rules making it possible for market makers like JP Morgan to pay off in USDs rather than actually delivered the (non-existent) physical Silver.

I just buy and hold the physical PMs and have my own personal "central bank" should the economic and banking crises keep destroying wealth. As they say "if you don't hold it you don't own it".

- BLACK BLADE
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