Probably not, he hasn't even made good on his promise to audit our Gold reserves. Better to clean it up now before it blows our financial system apart.
Remember Bear Stearns? Their obnoxious Silver shorts kicked off the 2008 meltdown.
https://goldsilver.com/industry-news/goldsilver-news/why-the-collapse-of-bear-stearns-changed-the-silver-market-forever/
Very few people know exactly what was said, promised, discovered, obfuscated, threatened, etc. in the dark and high-tension days surrounding the collapse of Bear Stearns and its taxpayer-subsidized subsequent digestion by JPMorgan.
What is irrefutable is that JPMorgan inherited Bear’s enormous and disastrous short silver position. How they would deal with it in response has fundamentally altered the silver market, while simultaneously setting it up for a historic rally.
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.
Only after JPMorgan bought enough physical silver by 2012 to 2013 to cover Bear Stearns’ former COMEX paper short position, did it realize it didn’t have to stop accumulating metal as a defensive measure; but that it had the means, motive and opportunity to turn what was a highly defensive original motive into a highly offensive one in terms of an unprecedented pure money-making opportunity....
-------------
https://mikesmoneytalks.ca/gold-and-silver-shorts-were-the-real-demise-for-bear-stearns/
Gold And Silver Shorts Were The Real Demise For Bear Stearns.....
IBTGTBH
So, they took it in the shorts?.................😁
Re-read Art of the Deal. Know how Trump operates.
With a central goal in mind, paint zig strokes and zag strokes to that end. The CME "cooling failure" was just one zig. There are many... recall a few years ago the complete failure of SWIFT, for the better part of a day? Where are we going with ISO20022? USDebtClock.org?
Note well the seemingly contraditions of relations with MTG, Mamdani. Now, hearing a possible meeting with Maduro.
There's a Method to what only appears as madness.
NCSWIC. Nothing!
Agree +1000% on the story, but kudos on a really well written piece!
This is classic market manipulation. My guess is that one or more large holders of silver like India will sell into a market now subject to a panic price that is far above economic reality.