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Jamie Dimon's Casino

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Re: Jamie Dimon's Casino

PostTue Jul 17, 2018 2:22 pm

Anyone else confused reading this?
I have no idea "what" is being said, do we buy gold?
Or do we sell gold if we have it?
Do we hold onto it?
I can remember silver going over $40 an ounce, now it's under $16.
My son bought a bunch at I believe around $28, when it hit $32 I checked in town at Lewisburg Diamond & Gold to see if he could make a little money since he had been sitting on it for some years and could've used some cash - the mug offered $4 under market price.

We have both dealt with and were satisfied with Colorado Gold.
It's not diversity, it's displacement.
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Wade Hampton III

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Re: Jamie Dimon's Casino

PostMon Jul 30, 2018 4:35 am

Jamie & Goldman Sachs!

Ted Butler posted....

Goldman Sachs continues to be the largest silver
stopper (taker) in the COMEX July silver delivery
period in its own name with more than 2100
contracts (10.5 million ounces) stopped so far.
This despite a COMEX rule limiting any one
stopper to no more than 1500 contracts
(obviously, rules are for the little people, as
far as the CME and CFTC are concerned). Goldman
has a recent history of stopping large quantities
of silver deliveries only to turn around and
re-deliver them, so who know what these guys
are up to (Jewing?)?

Goldman Sachs could be fronting for JPMorgan
and before you rush to tell me that would be
illegal, I would ask you since when did that

I get the feeling that JPMorgan, at least as far
as COMEX silver deliveries are concerned, has
either resorted to using front men or is scrounging
up metal because it's not as freely available
as it had been over the prior seven years. Should
my assessment be correct, it would be very bullish
once JPMorgan can no longer accumulate physical
silver (and gold) as readily as it has in past
years, there is little reason for it to prolong
the manipulation - after it has bought back all
the shorts it can, which it has strived mightily
to do.
Watch What I Do Not What I Say
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Wade Hampton III

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Re: Jamie Dimon's Casino

PostTue Aug 07, 2018 11:50 pm

Jamie's Sandbox...

...observations by Ted Butler...

Every time we’ve had a rally in the last 10 years, ever since
J.P. Morgan took over the investment bank Bear Stearns, J.P.
Morgan has added aggressively to its paper short division on
the COMEX as speculators, technical fund,s and what-have-you
come in to chase rallies higher. J.P. Morgan has always been
the seller of last resort, and they sell whatever is required
to satisfy all buying. And, ultimately, after that buying is
satisfied, the prices roll over and come back down. This is
the "wash, rinse, repeat" cycle that many people have become
aware of. J.P. Morgan adding short positions has stopped every
rally in silver -- and gold, for that matter -- over the last
10 years.

J.P. Morgan never sells on the way down. They only sell and
add short positions on the way up. So, the manipulation in
essence takes place on the rally. And, when J.P. Morgan adds
short positions, once they’re done selling and the buyers are
done buying, the price stops going up and people turn to sell.
That’s when J.P. Morgan rings the cash register and buys back
all the shorts that they’ve added at lower prices than where
they sold, meaning they always make a profit.

J.P. Morgan has never taken a loss in 10 years when adding
short positions in silver like I just described. They’ve only
made profits -- to varying degrees, but never a loss. This is
the essence of the manipulation.

When is their stranglehold of paper control on the price ever
going to break? The answer to that important question gives me
tremendous reasons for optimism. In fact, it’s the mirror image
of the pessimism that is naturally generated by these prices
that do nothing but go down for no legitimately explainable
reason. J.P. Morgan by virtue of its giant physical silver
holdings now, has positioned itself and may be done positioning
itself -- we won’t know that until after the fact -- but, the
same causes that have driven prices down in a bewildering,
unexplained fashion, are going to cause those prices to explode.

The thing that’s going cause that explosion when it occurs —
while I can’t tell you when it’s going to occur, I can tell
you it will occur—the lynchpin to that is that one of these days,
and I think real soon, J.P. Morgan is not going to add to their
silver short positions as they have on every single rally over
the last 10 years. If they don’t add to short positions and cap
and control the price, the price of silver is going to explode.

There’s really getting to be very little reason for J.P. Morgan
to add to short positions in the near future. They're positioned
perfectly. They’ve been buying back as many short positions as
they can, paper short positions as they can on this decline. It’s
all in the CFTC commitment of traders documentation. They reached
a critical point where they can’t really buy any more, because
there are no sellers on the other side. When prices start to turn
up and all the technical funds and managed money traders that have
been selling so aggressively, just because prices have been going
down, these same traders will start to buy, simply because prices
are going up. If J.P. Morgan doesn’t add short positions, silver
will explode in price.

If you put a paper to pencil and start to calculate how much J.P.
Morgan will make on a significant price rally, just multiply 750
million by $1 for every dollar that prices may go up. If silver
runs up $100/oz, and I don’t see any problem in that, that will
mean J.P. Morgan stands to make $75 billion. That’s serious money,
and that’s the only reason that they’re in this. They’re not in
this to control the world, or enslave us all, or to save the dollar,
or anything like that. J.P. Morgan is in this to make a buck. And
they’re going to make the biggest buck ever when silver and gold
take off to the upside.
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Jim Mathias

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Re: Jamie Dimon's Casino

PostWed Aug 08, 2018 1:06 am

If silver/gold go to the moon tomorrow, will that affect the consciousnesses of Whites towards or away from their responsibilities to our race?
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Wade Hampton III

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Re: Jamie Dimon's Casino

PostWed Aug 08, 2018 3:06 am

Jim Mathias wrote:If silver/gold go to the moon tomorrow, will that affect the consciousnesses of Whites towards or away from their responsibilities to our race?

Well, I would say that whomever they may be, either member or supporter, it would certainly make
their financial burden very much easier.
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Wade Hampton III

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Re: Jamie Dimon's Casino

PostMon Aug 13, 2018 3:58 pm

Ted (Butler) explains how the next run to $50 and beyond is not only probable,
but amazingly simple. Here’s how the next run could unfold…

Twice in the past the price of silver has risen in a short period to $50.
It happened in 1980 during the Hunt brother’s manipulation and again three
decades later in April 2011, when the price rose to nearly $50. Prior to
the price run up in 2011, I wrote that a move to $50 was more than possible,
since it had already occurred and that proved such a move was possible.
Something that has happened twice before can certainly occur again. One
thing that makes it probable is that there was three times the amount of
silver above ground in 1980 than there is today. The six billion ounces
that existed in 1980 has shrunk to two billion ounces of industry standard
1000 ounces bars. The amount of world money creation and buying power has
increased exponentially over the past seven years. It is nothing short of
extraordinary that there is less than a third of world silver inventories
remaining today than there was in 1980 while the price has remained far
below the peak it reached back then.
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In 1980, there were less than 3 billion ounces of gold in all forms above ground
throughout the world – the cumulative production of thousands of years. Today,
38 years later, the total amount of above ground gold has doubled, thanks to an
explosion of gold mine production. While silver mine production has similarly
exploded over the past 38 years, there is much less silver around now. The
explanation for why there is so much less silver and so much more gold is that
silver is a vital industrial commodity, consumed in a wide variety of applications,
while gold is not. Silver lost its primary consumption use – photography, due to
digital displacement, but despie this loss, a myriad number of new uses powered
silver’s continued consumption. Unlike silver, the price of gold is substantially
higher than it was at its peak in 1980.

There is no minimizing the powerful dynamics in place for the next move higher in
silver. That move should extend far beyond the $50 barrier of the past and, when
the move does start, it will most likely unfold much quicker than the previous big
moves. When it occurs, most observers will be dazed and confused. The principle
dynamic of this coming big move in silver and gold will be the role of JPMorgan.
Over the past ten years, as a result of its government-assisted takeover of Bear
Stearns, JPMorgan has been the dominant futures (paper) short seller on the COMEX,
becoming so powerful that it has compiled a perfect trading record – never once
taking a loss and amassing many billions of dollars of trading profits. As
remarkable as this unblemished trading record of the past decade has been, it
actually pales in comparison to what JPMorgan has been able to accomplish in the
physical market. It has used the highly depressed prices it largely created to
accumulate on the cheap 750 million ounces of physical silver and 20 million
ounces of physical gold.
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The accumulation of such a massive private hoard of physical silver and gold,
by far the largest such amounts in history, is the single most powerful argument
that the coming move higher will be one for the record books. JPMorgan is the
unchallenged master of the financial universe and it didn’t go to the trouble
of accumulating such massive and historic quantities of physical silver and gold
for a quick trade or a small gain. It did so in order to make the largest profit
in history. I understand that many doubt my claims that JPMorgan has amassed 750
million ounces of physical silver and 20 million ounces of gold. After all, aside
from the near 150 million documentable ounces of silver that JPMorgan holds in
its own COMEX warehouse proof of the other 600 million ounces that JPM owns is
notably missing. Certainly, if the entire 750 million ounces could be seen by
everyone, there would be no debate. It is precisely because most of the silver
held by JPMorgan can’t be seen that makes my claim noteworthy.

As it stands, JPMorgan’s accumulation of physical silver and gold is mostly
unknown. I think this is a good thing because when silver does fly higher, no
one will be pointing the finger at JPMorgan. They will skate undetected to many
tens of billions of dollars of profits with the world blissfully unaware of the
real story. It is in JPMorgan’s self-interest to hide from view as much of its
silver and gold accumulation as possible. Even though the 600 million silver
ounces held by JPMorgan are hidden, I have described in detail to subscribers
(and in public articles) the three main means by which it has acquired the
metal on a weekly basis going back at least five years. First was via skimming
off a small portion of the unprecedented, yet documented weekly physical movement
in and out of the COMEX silver warehouses – an inventory movement not seen in
any other commodity. Over the past 7.5 years, more than 1.5 billion ounces of
silver have physically been moved in and out of the COMEX silver warehouses of
which JPMorgan has skimmed off at least 200 million ounces (apart from the 144
million ounces it holds in its own COMEX warehouse).

Next, JPMorgan bought at least 150 million ounces of Silver American Eagles and
Canadian Maple Leafs from 2011 thru 2016, melting every coin into industry
standard 1,000 ounce bars. JPMorgan’s buying alone accounted for the string
of record sales years and when it stopped buying, sales of these coins collapsed.
Finally, as the official custodian for SLV, the world’s largest silver exchange
traded fund (ETF), JPMorgan was ideally positioned to convert shares in the trust
to metal and avoid all ownership reporting requirements. This alone is the
explanation for the continuous counterintuitive deposits and withdrawals in
SLV over the past seven and a half years. All told, JPMorgan picked up at least
250 million ounces of physical silver in this manner. All three of these
accumulation methods by JPM were reported weekly to subscribers for years,
and I suppose anyone not privy to the reporting would doubt it had occurred.
Not much I can do about that.

As great as JPMorgan’s massive and historic holdings of physical silver are,
remarkably, there is more. Not coincidently, the “more” also involves JPMorgan.
At this time, it is accepted that the futures market structure in COMEX silver
and gold (and other metals) is the most bullish it has been in history.
Specifically, the level of short selling by the managed money technical funds
is the highest it has been in history. This is clearly bullish as these technical
fund shorts have no choice but to buy back their short positions at some point
and switch (or try to switch) to the long side. Thus, a massive amount of potential
buying is already in place, awaiting only the eventual occurrence of higher prices
to be set off.
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While the current bullish market structure in COMEX silver and gold is reasonably
well known and written about, much less is known about JPMorgan’s role in forming
this bullish market structure. CFTC data verifies that JPMorgan has been, by far,
the largest purchaser of COMEX silver and gold futures contracts over the past
couple of months. In other words, not only has JPMorgan been the largest buyer
in history of physical silver and gold over the past seven years it has also
been the largest buyer of COMEX futures contracts on the deliberately-engineered
price decline of late.

By my calculations and based upon CFTC data, JPMorgan has bought back 20,000
COMEX silver short contracts (the equivalent of 100 million ounces) and 90,000
COMEX gold short contracts (the equivalent of 9 million ounces). How many more
COMEX futures contracts can be bought by JPMorgan is anyone’s guess, but based
upon the record short selling by the managed money traders, it wouldn’t appear
that JPMorgan can buy many more COMEX contracts. After all, the record managed
money selling is what enabled JPMorgan to buy so many contracts in the first
place; once that selling dries up, JPMorgan is unlikely to be able to buy many
more contracts as a result.

It is the highly concentrated nature of JPMorgan’s futures contract buying that
sets the stage for an upside price jolt that promises to unfold faster to the
upside than any previous move. So deft has JPMorgan been in buying gold futures
contracts recently that I have taken to describing it as a double cross of other
traders. But once the move higher unfolds, it promises to be the largest rally
in silver and gold in history by virtue of the massive physical hoard accumulated
by JPMorgan.

Amazingly, all it will take for this price explosion scenario to unfold is for
JPMorgan not to add aggressively to short positions when the inevitable rally
begins. You heard me right – the silver price explosion to $50 and beyond,
along with a commensurate move in gold is only contingent on JPMorgan doing
nothing on the next rally. Admittedly, JPMorgan has been in many similar set
ups in the past and has always added aggressively to its COMEX short positions,
eventually capping those rallies. This has prompted many to assume that JPMorgan
will always sell short aggressively on future rallies. But the current set up
has never favored JPMorgan this much. If what JPMorgan has always done holds
true again we will get a rally of some significance anyway, just not the big
one. But if JPMorgan doesn’t add to short positions on the next rally, the
third run to $50 silver and beyond should be at hand.

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