RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Aben Raise Depends...depends on who's actually behind / backing the hedgies and their algos. We all know that JPMorgue has been and continues to be massively short the PM markets thru derivatives/paper...esp the silver market (and not just on the COMEX and LBMA, but also on the OTC [dark] markets...see BIS data), perhaps using SLV (of which they are "custodian"...can you say Fox guarding the Henhouse?) as their "collateral"...despite the fact that whatever silver they have in it isn't theirs (and has likely been hypothecated and re-hypothecated multiple times, ie, has MULTIPLE "owners"...or at least multiple entities that THINK they're owners...ie, it's all encumbered).
The anti-gold cartel stooge, Jeffrey Christian, admitted openly and matter-of-factly at the CFTC hearing over two years ago that the LBMA itself sells at LEAST a 100oz gold (and silver) for every oz actually held in physical form / physically available to it!! (And this fraud is defended as "standard operating procedure" and people have heard "fractional banking" so long now, that they don't get that's it's the most criminal Ponzi scheme ever in the history of the world!!)
BUT, it would appear not unlikely that the major "client" for whom the bankster mafiosos at JPMorgue (et al) are "hedging" with their massive short positions could be the USGovt itself, or those who actually run it from the shadows for their overlord banksters and are doing whatever they can to maintain the money-creating hegemony that is still theirs b/c of the reserve currency status of the FRN, the USDollar. And if that's the case, guess what...they've got unlimited "funds" (created out of nothing and charged to WeThePeople) to keep on shorting with probably little fear of EVER having to cover. So what if there's a delivery default at the COMEX?...declare force majeure and pay back in newly created FRN electrons.
I"m hoping that the alternative news channels' info that there are powerful and equally wealthy counter parties that are taking on JPM and the cartel, esp in silver (as well as working to prevent WWIII in Iran [a completely different though related topic]) is true. I'm hoping that at some point the shorts will have to cover...heck, I'd be happy if just the NAKED shorts are forced to cover, at least those that have watched and learned how to trade with the algos but are NOT a true party to the criminal manipulation of the PMs and the PM equities. That would be a start.
In the meantime just understand that the huge majority of all trades for some time now in Canada and the US are algo trades and have absolutely NOTHING to do with fundies or assets or news or potential. They're there simply to move the markets according to orders--"Price action makes for (fully controlled mainstream media) market commentary"...to paraphrase Bill Murphy et al. We're playing, at least for the moment still, in their casino hoping to win big...but better have a good stash of the real thing (PMs) as we could lose it all here. And all JMO (what isn't fact)...jt