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Is JP Morgan Now Long Silver?

By admin 5 years ago 867 Views 2 comments

It is common knowledge that the major bullion banks continue to manipulate the price of gold and silver lower on a continuous basis. What is not so common knowledge is the fact that, from time to time, they have been known to go long.

This typically happens after a long period of extreme pessimism and depressed prices, similar to what precious metal bulls have experienced. The reason the bullion banks do this is twofold. For starters, they know they cannot keep the prices suppressed forever. Secondly, they love money.

So the question is, has a major bullion bank reversed their position? Silver guru David Morgan believes this to be the case. The bullion bank in question is none other than JP Morgan. Are they preparing to rocket the price of silver to all new times highs? By catching this depressed silver market off-guard, they can rapidly move the price higher with little to no resistance. This would not be a difficult feat considering that the weak hands are out of the market.

David Morgan suggests that there is strong evidence that JP Morgan has INDEED gone long the silver market. This was revealed in his latest interview with Elijah Johnson of Finance and Liberty.

David Morgan's full interview can be heard below:

Hannah 3 years ago at 10:14 PM
JP Morgan is too big to not to keep its sticky hands from manipulating the market. They have done this before, and are doing it again – only this time it’s a bit different.
Silver And Gold: 3 Catalysts For A Breakout - Desert Gold Exchange 3 years ago at 10:14 PM
[...] Sprott Money Blog furthers saying, by catching this depressed silver market off-guard, they [JPM] can quickly move the price higher with little or no resistance. This would not be difficult considering that the “weak hands” are now out of the market. David Morgan suggests there is strong evidence JPMorgan has INDEED gone long silver. (emphasis theirs) [...]
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