Sprott is right IMO. You had collusion between COMEX, the Federal Reserve, JP Morgan, HSBC and other large silver shorts. They are all in collision to jam silver down via raising margins and shorting it at just the right time
The Federal Reserve hates high gold and silver prices. It makes what they sell (the US Dollar) look bad. JP Morgan has been deputized to short silver. What do they get in return? They get billions in free money from the Federal Reserve when the FR buys Treasuries from them instead of directly from the US Treasury like any slob in America can do if he has $10,000. JPM is a “primary dealer” in US Treasuries which is a big deal.
COMEX want to keep the Federal Reserve happy too. They raised margins to bail out JP Morgan which is what the FR wanted. Federal Reserve and JP Morgan are all thieving banksters. They all know each other and talk to each other.
I believe you are right dennisw! my thoughts exactly. Most manipulation deniers do not understand the impact that raising margins have on an investment. The Fed sets minimum margin/credit requirements on securities under reg T and reg U. However, with the recent rise in precious metals this threatens there ability to keep yields down on government debt as more are attracted to holding metals than dollars. I believe the Fed nudged COMEX to raise their margin requirements to spank silver investors to show the dollar is the only safe haven. Especially since the powers that be need to sell a boat load of debt at low yields. Mission accomplished for now.