If there was ever a time for investors to get back into silver this is. And here are my reasons why……….
But before I continue, I want to confirm / clarify with no fear of personal reprisal (or to Hotcopper) my claim that JPM are crooks indeed supreme financial criminals. Manipulation of market is a crime. Crimes are committed by criminal activity. Hard proof is in the CFTC records and COT reports. When an entity controls in excess of 7% of a market, it is deemed that they can manipulate the price – up in in a long position, down if in a short position. JPM now have well in excess of this 7% position. In Silver (short) and Gold (long), their positions are well in excess of 20%.
Whether the regulators choose to attack or ignore this ongoing criminality, makes no difference. Crime is crime and crimes are committed by crooks and scumbags! Criminality at JPM is a common occurrence. Why else do they consistently pay fines for their ‘wrong doings’ – yet I might add, allowing the directors to escape criminal prosecution?
Never before in commodity trading has any single entity managed to gain a ‘corner’ in both silver and gold futures. JPM achieved this following their manipulative gold play in April this year. Now Long in gold, this may well be the only way of scraping out of their massive silver short positions.
Since the silver market ‘shorts’ of Bear Sterns were taken over by JP Morgan, this bank (JPM) has been able to continue and indeed ramp-up the manipulative control of the price of silver. Now with a corner on gold futures, they control the gold market.
Why get into Silver?
In the case of gold, most gold ever recovered by man, remains intact and kept locked away as a store of wealth. Silver on the other-hand, has seen its uses and applications in recent times escalate. Where there was once much more silver than gold available to man, the tables have turned. In the last 100 years silver has been consumed at a greater rate than it can be recovered. Recovery costs continue to increase and production rates decrease.
In 1900 there was an estimated 12billion oz of above ground silver on the planet. 90 years later that reserve had dwindled to 2.2 billion oz. The last 13 years has left us with only a billion or so oz.
If consumption of silver continues at today’s level, all know resources will be mined and gone within 26 years! If consumption increases as it will surely do, silver supplies could be depleted within seven years!
AYN is the only silver producing mine is Aust. Having ‘solved’ or at least bettered management and production issues, this company is set to rise with the price of silver.
I cannot find a silver mine on the planet that offers the potential for a greater return when the price of silver begins its climb.
JPM can well manipulate the price of silver but it cannot CREATE silver. Once the COMEX cannot deliver silver, the cat will be out of the bag. Already there are delays in silver deposits to SLV and if it continues and spreads to industrial users, then we will not have to wait long at all before the inevitable massive silver price increase.
The rising price of silver will be reflected in the price of AYN stock. I am a very satisfied and comfortable stock holder.
If there was ever a time for investors to get back into silver...
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