Posted on 01/09/2011 3:22:40 PM PST by blam
They sold more than is on planet no doubt.
What does this mean? Guess I am really asking what are the implications?
Eric Sprott having trouble locating silver? This a big deal. The JP Morgue aka The Rockefellers.
My guess is that someone is trying to corner the silver market by creating an artificial shortage of the physical product against which the futures contracts are written. See Hunt, Nelson and Hunt, Bunker.
If so, it’s gonna get real interesting.
I have no idea. That's exactly why I posted the article. Maybe someone will come along and tell us both.
What happens if people want the metal and they do not have it?
The Dukes!
My bad - the two brothers weren’t named Nelson and Bunker. One was named “Nelson Bunker” and the other was “William Herbert”.
http://en.wikipedia.org/wiki/Nelson_Bunker_Hunt
What is happening to real estate today?
LLS
naturally the price goes up.
But that’s not the issue you implied. You implied people legally own silver that doesn’t exist and they don’t possess. They will be refunded in cash if that happens and if the cash is available. all sorts of unknown consequences could ensue. Lawsuits, currency catastrophes, insanity in the markets, and possible domino effects in the economy. People could go silver crazy and the price could get nuts. Governments would be pressured to intervene.
Bookmark
Someone needs to post the little bear animated video about The JP Morgue. The JP Morgue (Chase) aka Rockefellers are acting for the Fed to short silver to pro up the dollar goes the theory. This has been going on for a while. Supposedly The Fed gives JP Morgan more money to short silver because they must have mega losses. HSBC is supposedly also short silver. This is not tin foil hat BS because a fed lawsuit was recently filed over this.
The weird thing recently is The JP Morgue has gone long copper in a big way. My guess is that is used to offset the silver short.
Eric Sprott owns a legitimate Canadian company that has gold and silver ETFs (exchange traded funds) backed by real bullion in a trust bank in Canada.
Oddly, the custodian for the better known US silver ETF - ticker SLV is - The JP Morgue. Experts have been speculating that the SLV ETF and the two US Gold ETFs (GLD and IAU) may not really have the bullion they are claiming.
The investors and speculators do not trust the US ETFs and trust Canada more included closed-end fund ticker CEF in Canada which holds gold and silver bullion.
People are speculating that the elites are going to lock up most of the physical silver and gold before they crash the dollar. This is because the US debt is reaching a level that the Fed ponzi scheme cannot go on much longer.
The Case For Investing In Silver
http://www.silverbearcafe.com/private/04.09/roota.html
http://www.silverinscripture.com/archives.php#silver
http://goldismoney.info/forums/
Goldbug Ping.
Another Soros Ploy to Destroy America using his Idiot Puppet Figurehead TOTUS to cover his BASS! Seriously, BECK Must Put His TV Expose of SOROS on DVD for All of Us to Purchase, Study and Distribute to Other Patriots!
Why Eric Sprott Sees Silver As The Next Big Investing Winfall (PDF)
Silver could be the new Tulips. I had about 300 face and sold at 20. But at least I bought a sailboat and survival gear with the dough. I thought 20 was high.
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