BOOMERS, yeh you!I'm a boomer and whatever I think of the chances of creating a serious issue for the bullion banks I'm going to support the WSB move and commit an extra $$k into the mix on Monday as playing my part in this momentum wave. I think current FR shareholders owe WSB that at the very least do they not?.
Without a doubt pm investors have been trained like Pavlovs dogs over the decades by the bullion banks to accept the mouldy crumbs that fall from the manipulators top table. This new blood however pouring into the sector does not carry the sceptisism baggage that we do. It's absolutely fearless.
It's certainly no coincidence that Neumeyer, Sinclair and McEwen were punished by such disproportionate short positions compared to others as they are only CEO's that dared to speak of what must not be spoken about. It's outright coersion through short interest and it stinks.
So to all you boomers out there I would ask - how an earth can we sit by and complain about silver manipulation ever again if we don't play our part NOW in assisting our kids with at least trying to put the bullion banks on the back foot whilst exposing the paper silver market for the rigged and over-leveraged putrid joke that it has become.
For every 250 ounces in open interest in the futures market, only 1 actual ounce gets delivered!
It's not surprising that the bullion banks boot is on the mouths of those CEO's who dare to speak out on how ridiculously exposed and vulnerable they are to even a small shift from 'expected behaviour'.
It will take a lot less than you think.......so I would urge you to do your bit.
JPMorgan Chase fined $920 million for market manipulation
JPMorgan Chase & Co. (JPMorgan), a New York, New York-based global banking and financial services firm, has entered into a resolution with the Department of Justice to resolve criminal charges related to two distinct schemes to defraud: the first involving tens of thousands of episodes of unlawful trading in the markets for precious metals futures contracts
https://www.finextra.com/pressarticle/84292/jpmorgan-chase-fined-920-million-for-market-manipulation