JP Morgan is - again - manipulating the silver market.
Will the U.S. Crimex default? Probably not, JP Morgan is sitting on a rumored 750 tons.....
https://www.ft.com/content/d3fe28d9-ec71-45fb-8574-de4922d04482
CME halts trading on flagship metals market for more than an hour
World’s largest exchanges operator blames ‘technical’ issues for its latest outage.
So all the banks get to cover their shorts at a discount and then the price of silver magically goes up?
You are correct. Comex has ~88 Million ounces of silver it can deliver...estimates are that 120-140 Million ounces will be needed by end of March for those standing for delivery. So a 30-50 Million ounce potential shortfall for March deliveries...UNLESS Comex hikes margin requirements AGAIN to force selling, BUT after that selling (a couple days) ITS TIME TO LOAD THE BOAT!
“Probably not, JP Morgan is sitting on a rumored 750 tons.....”
What happened to your prediction that their silver shorts would destroy JPM?