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VR Resources Silver deposits East of Tonopah; Goblin Knobs
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- SwordfishMining
- Posts: 4253
- Joined: Fri Jun 05, 2015 3:06 pm
- Location: Denio, NV USA
- Contact:
VR Resources Silver deposits East of Tonopah; Goblin Knobs
I'll jump over my shadow. https://www.virginvalleyopal.com"
Opals & more at my ESTY store https://swordfishmining.etsy.com"
Opals & more at my ESTY store https://swordfishmining.etsy.com"
- SwordfishMining
- Posts: 4253
- Joined: Fri Jun 05, 2015 3:06 pm
- Location: Denio, NV USA
- Contact:
Silver is Gods money...
The common mans so they say, not the riches' ballywhack. In any case needed some sort of introduction to Greg Hunters Guest this week explaining why Silver has to shine in the Near future. The text above the video tells most of what he discusses. He does look like a young Deniro, Not Greg Hunter who does look like a watch dog for justice.
JP Morgan was short nearly 6,000 contracts (of silver) on delivery day, and JP Morgan had to deliver (29 million ounces of physical silver). In doing so, they have now reduced their stockpile down to 120 million ounces of physical silver. . . . Now. JP Morgan is left with a dilemma. They can continue to play this game of shorting or hedging . . . and run the risk of losing another 8,000 to 10,000 contracts (at 5,000 ounces per contract) and see that stockpile of physical silver get cut again. Or, they can stand down and stop shorting. Either way, they are in a jam. . . . If they keep shorting while there is increasing demand for delivery, they are going to lose it all, and once they lose it all, they won’t be able to issue anymore contracts. This is going to allow the price (of silver) to go up.
https://usawatchdog.com/jp-morgan-will- ... atchdog%29
JP Morgan was short nearly 6,000 contracts (of silver) on delivery day, and JP Morgan had to deliver (29 million ounces of physical silver). In doing so, they have now reduced their stockpile down to 120 million ounces of physical silver. . . . Now. JP Morgan is left with a dilemma. They can continue to play this game of shorting or hedging . . . and run the risk of losing another 8,000 to 10,000 contracts (at 5,000 ounces per contract) and see that stockpile of physical silver get cut again. Or, they can stand down and stop shorting. Either way, they are in a jam. . . . If they keep shorting while there is increasing demand for delivery, they are going to lose it all, and once they lose it all, they won’t be able to issue anymore contracts. This is going to allow the price (of silver) to go up.
https://usawatchdog.com/jp-morgan-will- ... atchdog%29
I'll jump over my shadow. https://www.virginvalleyopal.com"
Opals & more at my ESTY store https://swordfishmining.etsy.com"
Opals & more at my ESTY store https://swordfishmining.etsy.com"