JP Morgan Plan to Front Run The Inevitable Gold And Silver Bull Market by Controlling Over 1B Ounces of Physical Silver And Over 25M Ounces of Gold

• JP Morgan Plan to Front Run The Inevitable Gold And Silver Bull Market by Controlling Over 1B Ounces of Physical Silver And Over 25M Ounces of Gold
  by Matthew Piepenburg, https://goldswitzerland.com/
  MAKING SENSE OF COMEX INSANITY
  … With such rising demand for ETF gold and silver (allegedly backed by actual physical gold and silver held by the custodians of these funds), shouldn’t gold and silver prices therefore be skyrocketing in the paper markets that represent them?
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  Well, as alluded above, paper is a funny thing, and for the policy makers (i.e. central banks, major commercial –or “bullion”—banks and all dollar dependent politicians) who are deeply threatened by rising gold and silver prices, paper can be easily manipulated, which means so can the price of gold and silver.
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  How the Hateful-8 Kill Free Market Price Discovery
  And to make this obvious, objective and undeniable as opposed to just theoretical or dramatic, let’s see how the big players, rather than the natural supply and demand forces, artificially, legally and yet dishonestly fix the gold and silver prices, and thus mock any vestige of respect for that bygone ghost otherwise known as free market price action.
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  Specifically, let’s see how just eight major commercial banks are able to overpower the natural price power of thousands of other contract buyers on the COMEX futures market to artificially suppress the natural pricing of these two precious metals.
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  In sum, what we see in the COMEX futures markets are eight players essentially betting against the rest of the world in order to control the price of precious metals. Alas, this tiny handful of eight (the “Hateful-8”?) are and were short more than 50% of the entire futures market, and by going this deep and this short they literally (and artificially) control the paper price of precious metals, for without such intervention, the price of gold and silver would literally be skyrocketing.
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  Do you now see how terrified the big boys are of rising gold and silver? Recently, they were 112% short silver to the tune of over 412 million ounces.
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  Of course, we already know what they are afraid of: Rising gold and silver would be the ultimate and absolute confirmation of the otherwise open failure of unlimited money printing and fiat currencies in a post-Nixon world.
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  Alternatively, if they couldn’t make actual delivery of the metals (and they can’t), the Hateful-8 would be forced to cover their own COMEX shorts and go net long once gold and silver prices climbed (i.e. “squeezed” them) beyond their control.
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  This short-covering would cause the price of precious metals to skyrocket. But even the big boy’s pockets aren’t deep enough to ever afford going net long to cover their own sins and shorts—this would require trillions, not billions. Not even a bailout from Exchange Stabilization Fund could help these TBTF (Too Big to Fail) bullion banks at that point.
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  In short, this small handful of big boys shorting the gold and silver contracts on the COMEX are playing with gasoline and matches. All of the big boys, that is, but one…
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  Enter JP Morgan—No Honor Among Thieves
  When JP Morgan inherited the post-08 books of that other headline failure, Bear Sterns, this included 30,000 to 40,000 short contract positions in gold and silver.
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  For all the reasons (and risks) stated above, JP Morgan knew it was dangerous to be net short gold and silver (because as metal custodians for other funds, Morgan knows better than anyone that there simply isn’t enough physical gold and silver to meet the delivery demands of the grossly levered contracts traded on that over-levered COMEX).
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  Stated otherwise, Morgan needed to dump (and cover) those shorts (by going long) at just the right moment, i.e. when prices were low. Thus, after spoofing the market in early 2020, Morgan artificially manipulated the prices down before going net long to cover their shorts last March.
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  As of now, JP Morgan has closed its short positions and is market neutral rather than net short gold and silver. In fact, they are stacking their physical gold and silver bars in London warehouses as I type this, controlling over 1B ounces of Silver and over 25M ounces of gold.
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  Why?
  Very simple, they plan to front run the inevitable gold and silver bull market of which we’ve been writing for years. And as for the COMEX futures market in paper gold? Well, its days are numbered and the fallout from its failure will be more than “interesting,” but nothing less than a disaster.
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