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Posted on 12/28/2025 11:11:17 AM PST by delta7
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.
Why else would JPMorgan, perhaps the purest example of a profit-making machine, go on to buy 700 million ounces of physical silver, if not to profit? Not that it may matter much when JPMorgan switched from defense to offense, but none of this would have probably occurred had JPMorgan not taken over Bear Stearns. That’s why I feel the takeover is the most important development in the modern history of silver.
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Well, our day has arrived. The one most important take away- Bear Stearns millions of shorts ( losses) kicked off the 2008 meltdown. It will contribute to the upcoming historic current Silver melt up ( and $$$ billions of losses to the banks shorting Silver).
JP Morgan will be long Silver, from here on out. The only question that remains, is simply, who now will control Silver's pricing, China or JP Morgan.
Ted Butler, RIP, he was right. His followers are prospering.
From article:
“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.”
” historic rally”, we haven’t seen anything yet.
A couple weeks before the Bear Sterns debacle, my hubby got a funny feeling and called our broker. He told him to cash out our account, close it, and send us a check. Listen to those “funny feelings”. Sometimes they save you from disaster.
This afternoon,APMEX, the world’s largest online bullion exchange has opened up at $81.59 Even though the COMEX is trading at $79.31.
Dubai physical silver price hits record $86.36 per ounce.
COMEX opens at 6:00 this evening. It’s going to be interesting to watch.
An it really hit $250?
Let’s not forget that the scum bags at JP Morgan were fined almost a billion dollars ($920M) for trading irregularities in the silver market in the timeframe after they took over Bear Stearns.
Jamie Dimon is pretty much the modern day example of why people should despise NY investment bankers. The are the definition of scum.
Oops
Video
Jim Cramer: “Bear Stearns is Fine!” Tues, 3/11/08
https://rumble.com/v5e1rej-jim-cramer-bear-stearns-is-fine-tues-31108.html
When Cramer speaks, investors run!
IBTG/IBCF
I have it stretching to about $300 or so.
With today’s gold price it would be around a 20/1 ratio.
Read an article today with $10k gold and $200 silver.
If gold goes 10k, silver goes to $1500 at least IMHO.
(Real silver. Paper will be worthless.)
An it really hit $250?
After success of the 2001, 2008 market meltdowns ( Silver Bulls), I “ dabble” for “ fun”. My current target is $300 oz/t minimum settlement after all the huge moves up and down ( $600 plus possible) into 2030. After 2030/2032, is the great unknown, CBDC’s will be in full effect....
....my advice, Pray for Discernment, we are in the most deceptive times ever.
This afternoon,APMEX, the world’s largest online bullion exchange has opened up at $81.59 Even though the COMEX is trading at $79.31.
Dubai physical silver price hits record $86.36 per ounce.
COMEX opens at 6:00 this evening. It’s going to be interesting to watch.
The collapse of Bear Stearns changed the silver market forever primarily because the acquiring entity, JPMorgan Chase, inherited Bear Stearns’ massive, disastrous short position in silver futures, which positioned JPMorgan as the dominant, influential player in the silver market going forward.
This shift in market control, coupled with the subsequent extraordinary monetary policy responses to the financial crisis, fundamentally altered the dynamics of silver pricing and speculation.
Should I. Mortgage my house trailer and put it all in silver?
COMEX opens at 6:00 this evening. It’s going to be interesting to watch.
IBTG/IBCF
😂😂😂
Yes - a year ago.
This afternoon,APMEX, the world’s largest online bullion exchange has opened up at $81.59
That said,JM Bullion, Money Metals and SD also are pricing Silver at $80 plus. Could be more to the mis pricing....we are seeing massive deception by someone, Kitco, Gold price .org are still showing $79......intervention/ deception by .Gov?
Hal Turner is reporting that an as-yet-unnamed “strategically important bank” was liquidated overnight when it was unable to meet its margin call. The bank involved is described as “one of the largest players in the precious metals derivatives market. It blew past every risk limit, breached every covenant. and exhausted every line of credit.” The bank is further described as having been “massively short silver; we are talking massive positions numbering in the hundreds-of-millions ounces.” The bank’s execs tried desperately to raise the necessary $2.3 billion, but nobody would budge, figuring they were already dead in the water. This is from Hal Turner, so make of it what you will. This run-up of silver prices is catching a lot of financial firms with their pants down.
I guess that leaves Bank of America holding the short straw er short position.
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