JPMorgan Chase kept silver from rising in order to manipulate speculative prices. When silver rises, investors buy in large quantities, and JPMorgan Chase will take the opportunity to sell it at a higher price, which will depress the price of silver. Silver prices will soon stop rising and people will turn to selling. At this point, JPMorgan Chase will buy back their previously sold positions at a price lower than the price at which they sold them.
Because in the whole time when JPM bought silver, it still manipulated the decline of COMEX silver price by maintaining and managing short positions on the books-shorting silver with COMEX futures and then buying physical silver at a low price in the market, which is really a perfect strategy.
Butler pointed out that in the past 10 years, this operation method has been used again and again to stop the rise of silver and gold. Investment banks never sell in the process of falling, but only when prices rise. JPMorgan Chase's operation method is almost a one-way ticket.
In the past 10 years, they have never suffered losses in such operations, only the difference between earning more and earning less. So, how much money can you make when the price of silver rises sharply?
In this regard, Butler pointed out that for every $65,438+0 increase in the price of silver, they can earn $750 million. Such a generous return is also the only reason why they actively participate in it. Their purpose is to manipulate the market or save the dollar, and the ultimate goal is to get high returns.
In the past five years, JPMorgan Chase has accumulated the largest private physical silver reserve in history-500 million ounces! It is precisely because of its huge silver reserves that the price of silver in the market can be easily manipulated. All this is often completely unknown to investors, only to find out afterwards.
When investment banks manipulate the price of silver to fall, investors often feel pessimistic about the price drop because they can't find the reason, so they choose to leave. Moreover, due to the actual negative interest rate in the world and the difficulty of returning to work in the economic field, it is difficult to find high-quality investment targets, and the safe-haven property of silver can just be speculated.