JPMorgan’s Imaginary ‘Silver Hoard’ Is Explained
Jeff Nielson
To say that this makes absolutely no sense is the greatest of understatement. Obviously there had to be an ulterior motive to this sham, as JPM would certainly never engage in any behavior to deliberately drive-up the price of silver, which is precisely what it seemed to be doing here. Now, via Bill Holter, we see this “ulterior motive”, plain as day:
…they [i.e. the One Bank] sit on a naked short time bomb of more than 950 million ounces!
How do you defuse an absurdly gigantic, naked-short, time bomb in the silver market? With an absurdly gigantic “hoard” of physical silver, (conveniently) delivered to the market, as needed, to prevent implosion of this time bomb. And (in our criminalized system) if you don’t have a hoard of real silver available for this defusing; imaginary silver will be a perfectly good substitute.
Let me refer back to the commentary which first scoffed at reports of JPM’s imaginary silver hoard:
…The purpose of JPMorgan pretending to hold “a massive long position”?
That’s an easy one. If JPMorgan pretends to be holding a 350-million ounce hoard of silver and its criminal accomplices who operate and (supposedly) police these markets go along with this massive sham; that is 350 million “ounces of silver” which this fraud-factory could claim to dump onto the market – as part of some future operation to crash the price of silver.
http://silveristhenew.com/2015/06/29/jpmorgans-imaginary-silver-hoard-is-explained/