posted on Jan, 6 2011 @ 03:11 PM
reply to post by OBE1
I am not the one making accusations with numbers in the billions. All I have ever stated is that from the figures I have seen they are not close to
the figures that you (or others) have stated previously. You and others continually make accusations based on opinionated articles and blogs.
I did in fact send an E-Mail, that no one else cared to comment on by the way, but never received a response. Real surprise isn't it?
My only point throughout this whole
"Crash JPM by buying Silver " - easily
the most outlandish
- or -
"there is no silver left @ Comex" - I admit there could be less than advertised
is that there is absolutely no proof of any of these accusations based on information readily available.
Since JPM is a prime broker that means they can handle wide ranges of positions from many different entities. So while on paper it may look like they
are holding large positions in some areas it is most probable that these positions are taken on from other entities other than JPM itself.
Also, about JPM being the custodian. I have to go back and reread it myself, but I believe per the iShares prospectus JPM is allowed to do some sort
of swap where they sell silver and buy paper or vice versa. I can't remember correctly now without more reading for which I do not currently have
the time. Moving forward if I am remembering correctly this would allow them to have a position that has a strong bias either way for short time
So back to my only point. I have never made one accusation as to whom is violating position limits or really any accusation in general. All I am
asking is for someone to cite a factual reference for these numbers that I am reading on this website and others. When I read a post from you that
says "someone" estimates the short positions to be upwards of 3 billion ounces, yes I am going to have to call you out on it. It is ridiculous.
While some will read anything on the Internet and take it as gospel I generally am leery of statements without citation or reference to factual
Have a nice afternoon.