So does copper, and copper is hitting new highs.
Their Silver shorts destroyed them, JP Morgan took them over, and Kitco announced they finally paid off the short losses, a decade after their failure.
“ Bear Stearns’ failure coincided, to the day, with gold hitting all-time highs (over $1000) and silver hitting 30 year highs ($21). It’s easy to calculate that Bear lost more than $2 billion in being short gold and silver from yearend 2007 to mid-March 2008…..The discovery, in September 2008, that JPMorgan was now the largest short seller in COMEX gold and silver made it clear that the CFTC lied in its previous public letters denying there was no problem with big shorts in the silver market.”
https://goldsilver.com/industry-news/goldsilver-news/why-the-collapse-of-bear-stearns-changed-the-silver-market-forever/
Makes sense I’ve been wondering why silver prices were not following gold. I bought a stake in silver last year
I assume the author would benefit from a higher silver price.
There are a number of freepers who have over the year made it clear that such market manipulation is impossible. Arguing with them was like arguing with Zeepers.
So does copper, and copper is hitting new highs.
Has there ever been a time in US history when silver prices weren’t manipulated? This was the original scandal of the 1870s and 1880s.
If gold and silver are so good, why is there always a full supply of sellers? Because it’s all about the daily spread, like a used car. Customers are rubes being taken to the cleaners. They have safes in the basement with silver and gold. Then they die and the heirs sell it to another spread trader and the cycle continues.
I have been wondering about this.
https://avaada.com/researchers-to-lower-solar-cell-costs-by-replacing-silver-with-copper/
Do not make an investment with respect to either metal based on my copyright respecting link provision alone.
If silver prices are held so much below demand, why is there enough silver to meet demand?
IATG
Their Silver shorts destroyed them,
Bears Stearns borrowed overnight to finance their huge bond portfolio. When their mortgage holdings started to default, no one wanted to loan them any money.
It had zero to do with their imagined short silver positions.
The discovery, in September 2008, that JPMorgan was now the largest short seller in COMEX gold and silver
What was their net silver and gold position?
The best way to suppress the price of anything is to make a lot more of it readily available. I haven’t heard about anybody sitting on any big silver strikes lately.