SVL (ASX) Maybe it is time to buy more SVL!

Originally posted by PeterKing: ↑

“fraudulent short selling is your answer here.”
With all due respect, ‘short selling’ is not fraudulent per se. Short selling is ‘legal’ and is an accepted trading method. Some claim it to be a vital part of ‘market making’!

However, it is possible to trade ‘short’ to extreme levels to the extent of eliminating the ability of the market to set prices through normal supply and demand. In this case, when the market maker is able to singularly control the price, that is market manipulation.

The price of silver is dictated 100% by the actions of a handful of banks via their trading methodology of silver futures on the COMEX. ‘Price setting’ via the LME (London Metal Exchange), is a total fantasy!

Whether trading silver equities or futures, we are at the TOTAL mercy of these criminal scumbag banks – JP Morgan in particular. They call the tune and we dance the jig…………….. it is as simple as that. Are their actions illegal? Hell yes! Because their position sizes are so massive, they are able to make prices rise and fall when they want. They have made an art-form out of market manipulation.

Not only do they control prices with the ability to cap any increases through shorting, they hold a massive amount of silver bullion in warehouses all over the world. This bullion provides their ‘long’ safety position. This is TOTALLY, in your face illegal!

From their Aust website– “The Code (of Conduct) is based on the fundamental understanding that we are all responsible for conducting business ethically and in compliance with the law everywhere we operate. No one should ever sacrifice integrity” —

Of course this is tantamount to total bullshit. As we all know JPM is currently going through the wringer at the Dept Of Justice with several cases under their investigation, albeit charges of ‘spoofing’ and more recently that of ‘racketeering’. Needless to say, I suspect they will yet again be let off with nothing more than a reprimand and a fine! The DOJ simply does not have the balls to close down this bank despite having all the means to do so!

The trading smash-down that occurred last Wed was simply yet another demonstration of the total contempt that JPM has for ‘legal trading’ activities. They are indeed a law unto their own. They will stop their illegal manipulation of the silver price when it suits them and not before. The CFTC, SEC and DOJ can go to hell as far as they are concerned. God only knows why Blackrock still has them as custodians of the SLV EFT!................ I once thought Blackrock to be very reputable!......WRONG!

The closest JPM came to being smashed via margin calls was when silver came close to $50 back in 2011. Will silver reach that price again? YES………… but there is a lot of pain, uncertainty and much more criminality in the markets before the silver price is cut free.

I reckon the best way to speed up the end to this pricing debacle is to buy physical silver. It will be hard with JPM sitting on close to 900Million oz. but the more physical in private hands, the better the chance to end their racketeering.

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Hi PeterKing - I have enjoyed reading your post . Just my two cents worth regarding the short selling.
you are absolutely correct , it is legal and I have been aware of that.
The fact that it is legal doesn’t make it right. It is inherently wrong. Being allowed to sell something which you don’t have is as absurd as negative interest rates.
If you buy something from someone and that someone doesn’t have what you are supposedly buying,
then that someone is in my eyes : a con artist.
The short selling as well as derivatives and many other grotesk practices have f..... up the markets.

No.	Vol.	Price($)
39	1746322	15.0¢

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1746322

15.0¢

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16.0¢	506441	11

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16.0¢

506441

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29	1451939	0.150
18	1382965	0.145
23	785492	0.140
22	957013	0.135
20	722402	0.130

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1451939

0.150

1382965

0.145

785492

0.140

957013

0.135

722402

0.130

Price($)	Vol.	No.
0.160	211909	8
0.165	805914	12
0.170	404471	9
0.175	476201	7
0.180	2640811	22

Price($)

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0.160

211909

0.165

805914

0.170

404471

0.175

476201

0.180

2640811

(20min delay)
Last 15.5¢		Change 0.000(0.00%)		Mkt cap ! $233.7M

Open	High	Low	Value	Volume
15.5¢	16.0¢	15.0¢	$292.4K	1.886M

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