2025 Lunatic Fringe - Market and Trade Chat

[pmbug]

Contagion fears rising...

 

[Goldhedge]

Interesting...



The Chinese #Gold jewelry industry trolls, the Chinese #Gold and #Silver naked shorts, and Western Media are all very aggressive towards the new Chinese government #Gold tax laws.

They all have something to hide. They all lie for their own monetary gains at the expense of their customers/counterparties/subscribers.

 

[pmbug]

It's the same thing that happens everywhere all the time. Something happens and folks (MSM, social media KOLs, etc.) report on it using selective interpretations or omissions of fact to enforce their preferred narrative.

 

[Goldhedge]

 

[pmbug]

 

[Voodoo]

Process as explained by
@SilverHaas

JPM "quant" fund borrows 50.000 shares, sell them short
JPM metals desk buys 50.000 shares at that same exact time from their "quant" fund
JPM metals desk redeems said 50.000 shares for PHYSICAL METAL
JPM metals desk borrows 50.000 shares and sell them short
JPM "quant" fund buys 50.000 shares at that same exact time from their metals desk, covers short.
End result is what matters:
Same amount of shares in SLV fund
JPM took silver out
JPM has a short

Building a large short position in the process. Then when it gets to big they create a Swap contract to deliver fake shares.

 

[Voodoo]

Well, I still don't understand, but that's ok. The Trust can buy an unlimited amount of silver, it is not limited, and it can and does issue new units of the trust periodically. Quoting one of their prospectus documents, emphasis mine:

I don't know why someone would be trying to manipulate the Trust to prevent it from buying silver, when they can issue new units and then buy more silver any time they want. Maybe someone is trying to manipulate the Trust to gain buy and sell advantages for day trading - that could be possible.

While I noticed that there was a slight premium as of end of last month, the trust has had very few instances of significant premium, and has had no significant long-term premium that I can observe (on a plot) to NAV since early in its history (2010-2012).

It's got a Huge amount of the real thing (assumed anyway). That makes it a giant target when metal is needed so badly. There are SOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO many scammy games in the stock market that its unreasonably to think the bankers haven't figured this one out to at least borrow some of this metal.