you're getting murdered
silver = junk
- Thread starter NewTraderAdventure
- Start date
congrats to all on your silver, gold , bitcoin hedges
all garbage
all garbage
CannonTrading_Ilan
Sponsor
The only hedges that worked so far ( hindsight = 20/20...) are VIX and US bonds/ ten years.....
and cash
my fave hedge
my fave hedge
Silver (and to a great extent, gold) is heavily controlled by JP Morgan.
Any bet on silver really a bet on the agenda and interest of They, and how They will direct JPM to manipulate its price.
It's very simple. JPM just writes (or doesn't write) silver futures contracts, messing with supply and demand, ultimately moving the price.
A few references.
https://www.ft.com/content/2d7be5a6-d87a-11e9-8f9b-77216ebe1f17
https://www.cnbc.com/2018/11/12/ex-...uilty-plea-could-boost-manipulation-suit.html
https://sdbullion.com/blog/largest-silver-gold-manipulation-criminal-case-coming
Any bet on silver really a bet on the agenda and interest of They, and how They will direct JPM to manipulate its price.
It's very simple. JPM just writes (or doesn't write) silver futures contracts, messing with supply and demand, ultimately moving the price.
A few references.
https://www.ft.com/content/2d7be5a6-d87a-11e9-8f9b-77216ebe1f17
https://www.cnbc.com/2018/11/12/ex-...uilty-plea-could-boost-manipulation-suit.html
https://sdbullion.com/blog/largest-silver-gold-manipulation-criminal-case-coming
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mr nta
What Flavor cash do you prefer?
For what duration do you generally hold such a position? Thx
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I'm going to give you a loving but stern bullshit call here. The first 2 articles you listed cite a well known spoofing case on the part of JP Morgan traders. The last one is a blog on a gold bug site, so to be taken with a massive grain of salt, and even it seems to just be talking about the spoofing issue. Spoofing has nothing to do with "writing futures contracts", it involves spoofing, and I know that you know what that entails. As far as "just writing futures contracts", anyone can "just write a futures contract", that's how all futures have always worked!
I think you may be trying to tap into a completely discredited gold bug tinfoil hat conspiracy theory that there's really no gold anywhere, and that if you demanded delivery of a futures contract at expiration you wouldn't actually get anything. Of course none of them have enough money to actually attempt this, so it's all second hand innuendo without a shred of evidence.
If you're actually saying the former, I don't get what the issue is? If you're claiming the latter, you'd want to actually quote reputable sources with evidence of that. If I'm completely missing your point, happy to be corrected with what it was.