Have they triggered any "failures to deliver" and would that raise a red flag to Naked Shorting? Couldn't BofA through some agreement w/ JPM just lend their shares to short frequently? Could the volume of 300M shares traded be 25M shares traded 12 times in a day? Also, Wiki makes it sound like Naked Shorting is not (absolutely) illegal. I'm just trying to make sure I understand your arguments. Thanks for the hard work/investigating.
And if I control $9B worth of silver, one of my best opportunities for making money is to push my weight around and short it to make money by buying back when the price subsequently falls... if I get to help some banker or politician along the way just more secondary gain. Of course this is what they are doing... question is... is it illegal? They don't say they are going to help you make money in your silver investment... they are just HOLDING it for you. As far as I know shorting isn't illegal
Ok nice work but couldn't the fact that they increased their outstanding shares that quarter partly account for the decreased silver holding PER SHARE. They said their silver holdings in bullion were $9,785,668 in fair (market?) value on 9/30/11... they had 329,950 shares outstanding (an net increase of 15,000 shares that quarter) which would be $29.66/share... which as best as I can tell was just below the price of an ounce of silver that day... isn't the rest just some sort of a commision?
This is an exceptionally excellent piece of investigative work and research that you've done here. This only further comfirms what most people are already realizing...and that is that the silver paper market is being seriously distorted and manipulated and that the price of actual physical silver may be drastically different and higher. I hope more people learn about this.
For all the potential windfall one might make IF silver prices go through the roof. BrotherJohnF has neglected to inform his viewers the potential downside. The volatility of the market, and the fact that Silver has always been a very speculative metal (unlike gold).
All in all, people need to take what he says with a grain of salt. You need to ask yourself: If his charting was so good, howcome he missed all the big drops in silver this year? wouldn't it be a nice service, had he done so?
@626718 take your crap elsewhere. You do not know wnaything about the silver market or Brotherjohnf. If you would go back to February or March Brother john hit the nail on the head. He said silver would to 50.00 then have a 50% pull back to 25.00. That is a fact. Don't beleive me go back and watch his videis. Now cram it douche bag.
@SIERRAHPBT go back to his videos after May, not only did he not forecast the crash. He told people to keep stacking silver, at prices of 40+ dollars a ounce. He frequently say things like "Silver might go down to 25 dollars". But interestingly that never happens. It appears that listening to him makes you no better off than going with your guts.
I think u are a lunatic. Investing is based on rationality, not blind faith in anything. The FACT is, that Silver has not gone up in 2011
@626718 Mind you, it doesn't take a genius to make a simple call of over-boughtness on the silver chart. Just take a glance at the RSI during April 2011. Anyone who isn't blind can see a huge correction is coming. I went back and listened to all of his videos around then. Nada, nothing, he was still trumpeting that Silver was going to go through the roof. A responsible/wise investors would have told his audience to hold, or even liquidate some shares/ounces to capture a profit. He didn't
@626718 and where has this blind belief in Silver gotten you? If you bought in April, you would have lost ~40% of your money. In fact, Mr.BrotherJohn is so deluded that only weeks ago he was proclaiming that Silver will go to $50 before the end of the year. Then, he had to backtrack on that very soon. The interesting thing is that, the audience never questioned his investing acumen. People like you remind me of the followers of a cult.
@626718 you only realize a loss if you sell. People who are buying silver are not buying it to make money. They are buying it to protect themselves from fiscal policies of the US government. They also see a massive shortage coming. We also see the false paper market vs the physical market. We see massive shortages brought on by the manipulation. There will come a time when you will be able to buy silver at any price. Stuff that you just don't understand. Go troll somehwere else.
@SIERRAHPBT U r the troll. I am providing a rational counter argument here. I am not against investing in silver. The point is, he touted silver when it was overbought. Which means he doesn't know all that much about what determines the price of silver. Second of all, if the paper market is "fraud". How come he was so giddy when paper silver was hitting new highs April this year? It seems paper market is only fraudulent when the price goes against your theories, not vice versa.
@626718 You are misinformed. Like I said go back to Johns videos last February or March. He called the rise to 50.00 and said then we should see a sell off to 25.00. Like myself and others we thought that silver may be allowed to run to 70.00 to allow supply to come to market. I bought siolver at 5.00 its at 30.00 silver has done just fine. You are a classic idiot. We will see where silver is in a year. I have lived through bigger declines the past 8 years. It always comes back.
@SIERRAHPBT Yes, I'm the classic idiot, but he DID say to buy silver when it was running up into the 40's. If he is so clever, why didn't he say "hold here guys, let's buy it at the end of the year, when prices will be much lower". Why stack silver @40 an ounce when you can do it with 28? The fact is the guy is no more expert at investing in silver than you or me.
@626718 well lets see where you published it for all to see and where is your record of accurate forcasts? YOU DON'T HAVE A CLUE. Have you looked at the latest COT? Go troll somehwere else.
@SIERRAHPBT Are you stupid or what? I am not, and have not, or will not be in the business of making youtube videos. I didn't proclaim to be an expert, and I don't mislead others with my "theories".
@626718 then don't watch them.. who are you to say he can't make them or that anyone else should not be allowed to watch them. go waste your font elswhere.
@SIERRAHPBT btw, I have a long position in Silver. I am merely questioning his one-sided commentary on the price of silver. I don't think the guy is all that sane, since a few weeks ago he was talking about 50 dollar year end finishes. With no evidence to back up his theory. I don't think someone like that should be on youtube guide people on how to invest in with their money.
@626718 LMAO.. you have a long silver position? why didn't you sell at 50.00? LIAR. take your trolling butt down the road. You don't any position in silver.
@626718 has not gone up in 2011? but what has it done in all the eyars before for the past 7? so you throw out 1 year because it basically breaks even. YOU do not have a clue what is going on in the silver market. You do not understand how supply demand has been wrecked in the proceeding 30 years. but that ok don't buy.. more for me.
@SIERRAHPBT Well, to be fair, BrotherJohn Started making his videos at the end of 2010 and the begining of 2011. So, since he didn't start making his videos before 2011, you can't take past performance into consideration.
@626718 Had he started doing his videos in 2008, when silver was 8 bucks an ounce. I would've gave the guy more credit, but the point is, he didn't. He is overbullishness on the metal has probably cost some people a lot of money.
@626718 wtf are you talking about? once again where are your predictions? evidently by jumping on John you have been right and called all the runups and the sell offs so where are all your predictions? let me see your past performance. you don't have a past performance? no kidding. so why are you here busting John when you don't even have the balls to make calls or have a channel showing everyone how much you know about silver?
@SIERRAHPBT So by your logic, you have to be a policeman to report a crime? Say, I have no experience in investing whatsoever. If I see something that makes no sense, I have no right to say it?
Once again for the SLOW: I am not in the business of making videos, I don't tell other people what commodities is going to go up. Because I don't know. Simple as that, but it doesn't prohibit me from questioning the irrational behaviors of people. It's in my right to do so.
@SIERRAHPBT Well, I didn't make videos titled "Silver Updates". I don''t try to mislead other people with one-sided, conspiratorial investment advice.
@626718 no.... you don't do the videos because you know NOTHING of the silver market or what is going on in the silver market. You are some dipshit who feels mighty writing about someone else having the ability of hinsight. Some mnoron who sits behind a keyboard anonymously. Like I said critisize when you can prove you were right and John wrong. By the way John made me a pile of money. didn't get out at the top but made some cash off John.
@SIERRAHPBT I do know nothing, hence I do not mislead others with my lack of knowledge. Unlike BrotherJohn who claims to know a lot about silver, but fails to predict massive moves in its price.
@SIERRAHPBT really? The ability of hindsight? where was the 50 dollar top call? or the other 2 subsequent drops? Had he call 1 of 3, I'd give the guy more credit. but, the point is, he didn't. You can't just say that you are permanently bullish/bearish in something, of course 50% of the time you will be right no matter what. But, the skill lies in capturing the profit. A trade has two component, an entry and an exit. he has always said to buy buy buy, but never sell.
@626718 as I said. go back and find his video early last year. he said it. to 50.00 then a 50% correction. YOU buy buy buy physical silver. Do you read anything by Ted Butler? You don't sell silver because there is a shortage. the silver price is controlled and manipulated by the banks. It is in shortage. you do not sell anything in shortage because prices will go much higher. YOU DON'T HAVE A CLUE DUDE. Silver will be many multiples of where it is today. Now I'm done wasting my time with you.
Why should BrotherJohnF deserve any kind of credibility, when he has failed to forecast all of the 3 major silver crashes this year? For someone who has trumpeted that silver would reach parabolic levels, I find it difficult to understand why so many people still follows his videos.
Mass delusion? It's almost like a religion, there is no rational basis for listening to this guy. Silver prices have not gone up at all this entire year. If you've bought at 40-50 level, I feel sorry for you.
@626718 don't feel sorry.. just like in 08, those who bought at 21 saw it go to 8.75, then waited a few years and it almost hit 50.00 we don't buy silver for short time periods. Silver investors buy it to hold for long periods of time. I bought 8 years ago. I will probalby hold on to it for another 8 years. So mr.investing genius.. what have you done?
@626718 No I did not sell any physical at 50.00 I sold my options at 42.00 I will never sell physical. I will add to my physical position. so you said above you have a long position in silver. why didn't you sell at 50.00?
shady characters & criminality; names of the players & nature of the crimes; the fraud, the looting & transferance of wealth from the U.S. TREASURY & the American Citizens left holding the empty bankrupt worthless currency bag . More expose of these financial crimes, plz .... after all, it is the FRAUD & LOOTING that has taken down this country ! Your videos are super great !
thank you for your videos ! i love them all, am listening & educating myself on a new subject . how i wish i'd known about this world of precious metals & markets years ago ..... & about the criminality & corruption of the U.S. Government. I actually thought the government was operating on behalf of the American Citizen ! HA ! Looks like the laugh is on me & the great majority of the citizens. Please continue speaking out & making these videos, they are invaluable education.
what will be funny of the end game is JPM is going to dump their shorts onto slv's book, just like bankers dumping their bad debts onto gov'ts balance sheet.
This was all explained in the Bears Series. SLV is the main tool I have been screaming about while others have been saying SLV cant set the POS. Bullshit.
The main question was asked by Eric Sprott. " From where that silver to back those ETF's is coming from?"
Aperently shorts hold by JPM has been partially covered. they have 45.000 I belive more to cover that is on the COMEX. That judgement of CME in November will force JPM to cover over 90 days or so.
I think this video gets the part wrong about the expenses themselves being some sort of fraud. You certainly can't run a fund for free. However, the interesting part is that the prospectus uses weasel-language to define the goal as matching the price of the TRUST's silver, not silver in general. That does suggest that they get to "benchmark" by their own internal price, which of course could easily "tend" to be lower than the wider market price...
what everyone needs to understand is this. Shorting the SLV is not allowed. Look at the perspectus from Blachrock. This short position is illegal and blackrock is not doing its fiduciary duty to its share holders. Also those short should be required to deposite the amount of ounces sold short into the trust but is not. Another naked short.
@renegado100 Actually I have atleast 3 of Butlers essays to private members only where he specifically tells us that this is illegal. He also says that Blackrock is not doing its fudiciary duty to its share holders. If you don't beleive me ask Brotherjohn since I forwarded the essays to him.
Brother John. Blackrock is a front for the CIA. Beforehand Blackstone was responsible for the accounts of agents in the field. This is how the CIA dodged the investigative scope of the KGB during the cold war, because the CIA owned the bank that they were using. now it's all done through Blackrock.
I owe Ted Butler a lot and I have exchanged emails with him and been able to thank him for opening my eyes to the silver manipulation. Only thing is he seems to think the SLV is legit and the CFTC will do their job and stop the manipulators. I hope he's right but I know he's wrong about that.
@davincij15 why you playing devils advocate? you've been thinking that the comex is going to default for years! It is pretty obvious that the market is manipulated and massive amounts of naked shorting are taking place to control the price. They won't be able to control forever.
I would love it if you could get someone from the comex or slv for an interview, to ask them these questions ! ..and then see what nonsense they come out with !
Soon or later and I think sooner it going to start to climb for one reason only people are going to realize paper is worthless and the demand for physical is going to be mind blowing.
In the last 2 years the people of Greece have already withdrew over $200 Billion Euro from their banks.
Italy has now made it illegal to do transactions over $1,000 Euro in Cash...
Thanks brotherjohn for all your thorough research and explanation on silver. I do believe all this will come to an end one day and silver will be more expensive than gold due to the ever decline of physical on the market. Merry Xmas to you and all the youtubers who follow your videos religiously.
If silver's price rises the investment supply will just increase, because silver is still mined much, MUCH faster than gold, and the industrial demand will drop. The only way silver is able to get higher than gold is in a short squeeze, before the market has time to adjust.
@myusernameisluc that is no0t true. Silver is inelastic. just because price rises does not mean lots of silver will come to market. There are less then 1 billion ounces of silver above ground. there are over 5 billion ounces of Gold. Silver is mined as byproduct mining from lead, copper zinc etc. There are very few silver only mines. It will take 5 to 10 years to reopen silver mines or open new mines. Now go see what Sprott has said recently. Your information is incorrect.
Have they triggered any "failures to deliver" and would that raise a red flag to Naked Shorting? Couldn't BofA through some agreement w/ JPM just lend their shares to short frequently? Could the volume of 300M shares traded be 25M shares traded 12 times in a day? Also, Wiki makes it sound like Naked Shorting is not (absolutely) illegal. I'm just trying to make sure I understand your arguments. Thanks for the hard work/investigating.
mlmlemmer 1 month ago
And if I control $9B worth of silver, one of my best opportunities for making money is to push my weight around and short it to make money by buying back when the price subsequently falls... if I get to help some banker or politician along the way just more secondary gain. Of course this is what they are doing... question is... is it illegal? They don't say they are going to help you make money in your silver investment... they are just HOLDING it for you. As far as I know shorting isn't illegal
mlmlemmer 1 month ago
Ok nice work but couldn't the fact that they increased their outstanding shares that quarter partly account for the decreased silver holding PER SHARE. They said their silver holdings in bullion were $9,785,668 in fair (market?) value on 9/30/11... they had 329,950 shares outstanding (an net increase of 15,000 shares that quarter) which would be $29.66/share... which as best as I can tell was just below the price of an ounce of silver that day... isn't the rest just some sort of a commision?
mlmlemmer 1 month ago
Congrats on being referenced by Jim Willie in his piece on 1/20/2012. You should be really proud.
gspotjazz 1 month ago
This is an exceptionally excellent piece of investigative work and research that you've done here. This only further comfirms what most people are already realizing...and that is that the silver paper market is being seriously distorted and manipulated and that the price of actual physical silver may be drastically different and higher. I hope more people learn about this.
AsianBoy13579 2 months ago
For all the potential windfall one might make IF silver prices go through the roof. BrotherJohnF has neglected to inform his viewers the potential downside. The volatility of the market, and the fact that Silver has always been a very speculative metal (unlike gold).
All in all, people need to take what he says with a grain of salt. You need to ask yourself: If his charting was so good, howcome he missed all the big drops in silver this year? wouldn't it be a nice service, had he done so?
626718 2 months ago
@626718 take your crap elsewhere. You do not know wnaything about the silver market or Brotherjohnf. If you would go back to February or March Brother john hit the nail on the head. He said silver would to 50.00 then have a 50% pull back to 25.00. That is a fact. Don't beleive me go back and watch his videis. Now cram it douche bag.
SIERRAHPBT 2 months ago 2
@SIERRAHPBT go back to his videos after May, not only did he not forecast the crash. He told people to keep stacking silver, at prices of 40+ dollars a ounce. He frequently say things like "Silver might go down to 25 dollars". But interestingly that never happens. It appears that listening to him makes you no better off than going with your guts.
I think u are a lunatic. Investing is based on rationality, not blind faith in anything. The FACT is, that Silver has not gone up in 2011
626718 2 months ago
@626718 Mind you, it doesn't take a genius to make a simple call of over-boughtness on the silver chart. Just take a glance at the RSI during April 2011. Anyone who isn't blind can see a huge correction is coming. I went back and listened to all of his videos around then. Nada, nothing, he was still trumpeting that Silver was going to go through the roof. A responsible/wise investors would have told his audience to hold, or even liquidate some shares/ounces to capture a profit. He didn't
626718 2 months ago
@626718 and where has this blind belief in Silver gotten you? If you bought in April, you would have lost ~40% of your money. In fact, Mr.BrotherJohn is so deluded that only weeks ago he was proclaiming that Silver will go to $50 before the end of the year. Then, he had to backtrack on that very soon. The interesting thing is that, the audience never questioned his investing acumen. People like you remind me of the followers of a cult.
626718 2 months ago
@626718 you only realize a loss if you sell. People who are buying silver are not buying it to make money. They are buying it to protect themselves from fiscal policies of the US government. They also see a massive shortage coming. We also see the false paper market vs the physical market. We see massive shortages brought on by the manipulation. There will come a time when you will be able to buy silver at any price. Stuff that you just don't understand. Go troll somehwere else.
SIERRAHPBT 2 months ago
@SIERRAHPBT U r the troll. I am providing a rational counter argument here. I am not against investing in silver. The point is, he touted silver when it was overbought. Which means he doesn't know all that much about what determines the price of silver. Second of all, if the paper market is "fraud". How come he was so giddy when paper silver was hitting new highs April this year? It seems paper market is only fraudulent when the price goes against your theories, not vice versa.
626718 2 months ago
@626718 You are misinformed. Like I said go back to Johns videos last February or March. He called the rise to 50.00 and said then we should see a sell off to 25.00. Like myself and others we thought that silver may be allowed to run to 70.00 to allow supply to come to market. I bought siolver at 5.00 its at 30.00 silver has done just fine. You are a classic idiot. We will see where silver is in a year. I have lived through bigger declines the past 8 years. It always comes back.
SIERRAHPBT 2 months ago
@SIERRAHPBT Yes, I'm the classic idiot, but he DID say to buy silver when it was running up into the 40's. If he is so clever, why didn't he say "hold here guys, let's buy it at the end of the year, when prices will be much lower". Why stack silver @40 an ounce when you can do it with 28? The fact is the guy is no more expert at investing in silver than you or me.
626718 2 months ago
@626718 well lets see where you published it for all to see and where is your record of accurate forcasts? YOU DON'T HAVE A CLUE. Have you looked at the latest COT? Go troll somehwere else.
SIERRAHPBT 2 months ago
@SIERRAHPBT Are you stupid or what? I am not, and have not, or will not be in the business of making youtube videos. I didn't proclaim to be an expert, and I don't mislead others with my "theories".
626718 2 months ago
@626718 then don't watch them.. who are you to say he can't make them or that anyone else should not be allowed to watch them. go waste your font elswhere.
SIERRAHPBT 2 months ago
@SIERRAHPBT btw, I have a long position in Silver. I am merely questioning his one-sided commentary on the price of silver. I don't think the guy is all that sane, since a few weeks ago he was talking about 50 dollar year end finishes. With no evidence to back up his theory. I don't think someone like that should be on youtube guide people on how to invest in with their money.
626718 2 months ago
@626718 LMAO.. you have a long silver position? why didn't you sell at 50.00? LIAR. take your trolling butt down the road. You don't any position in silver.
SIERRAHPBT 2 months ago
@SIERRAHPBT I didn't, I sold half when it was 41, and kept the other half. I bought more silver back when it went down to 33 ish.
626718 2 months ago
@626718 has not gone up in 2011? but what has it done in all the eyars before for the past 7? so you throw out 1 year because it basically breaks even. YOU do not have a clue what is going on in the silver market. You do not understand how supply demand has been wrecked in the proceeding 30 years. but that ok don't buy.. more for me.
SIERRAHPBT 2 months ago
@SIERRAHPBT Well, to be fair, BrotherJohn Started making his videos at the end of 2010 and the begining of 2011. So, since he didn't start making his videos before 2011, you can't take past performance into consideration.
626718 2 months ago
@626718 Had he started doing his videos in 2008, when silver was 8 bucks an ounce. I would've gave the guy more credit, but the point is, he didn't. He is overbullishness on the metal has probably cost some people a lot of money.
626718 2 months ago
@626718 wtf are you talking about? once again where are your predictions? evidently by jumping on John you have been right and called all the runups and the sell offs so where are all your predictions? let me see your past performance. you don't have a past performance? no kidding. so why are you here busting John when you don't even have the balls to make calls or have a channel showing everyone how much you know about silver?
SIERRAHPBT 2 months ago
@SIERRAHPBT So by your logic, you have to be a policeman to report a crime? Say, I have no experience in investing whatsoever. If I see something that makes no sense, I have no right to say it?
Once again for the SLOW: I am not in the business of making videos, I don't tell other people what commodities is going to go up. Because I don't know. Simple as that, but it doesn't prohibit me from questioning the irrational behaviors of people. It's in my right to do so.
626718 2 months ago
@626718 and why didn't you predict the run up? anmd where did YOU predict the drops. I don't see your channel predicting anything.
SIERRAHPBT 2 months ago
@SIERRAHPBT Well, I didn't make videos titled "Silver Updates". I don''t try to mislead other people with one-sided, conspiratorial investment advice.
626718 2 months ago
@626718 no.... you don't do the videos because you know NOTHING of the silver market or what is going on in the silver market. You are some dipshit who feels mighty writing about someone else having the ability of hinsight. Some mnoron who sits behind a keyboard anonymously. Like I said critisize when you can prove you were right and John wrong. By the way John made me a pile of money. didn't get out at the top but made some cash off John.
SIERRAHPBT 2 months ago
@SIERRAHPBT I do know nothing, hence I do not mislead others with my lack of knowledge. Unlike BrotherJohn who claims to know a lot about silver, but fails to predict massive moves in its price.
626718 2 months ago
@626718 you got 1 thing right.. you know nothing.
SIERRAHPBT 2 months ago
@SIERRAHPBT really? The ability of hindsight? where was the 50 dollar top call? or the other 2 subsequent drops? Had he call 1 of 3, I'd give the guy more credit. but, the point is, he didn't. You can't just say that you are permanently bullish/bearish in something, of course 50% of the time you will be right no matter what. But, the skill lies in capturing the profit. A trade has two component, an entry and an exit. he has always said to buy buy buy, but never sell.
626718 2 months ago
@626718 as I said. go back and find his video early last year. he said it. to 50.00 then a 50% correction. YOU buy buy buy physical silver. Do you read anything by Ted Butler? You don't sell silver because there is a shortage. the silver price is controlled and manipulated by the banks. It is in shortage. you do not sell anything in shortage because prices will go much higher. YOU DON'T HAVE A CLUE DUDE. Silver will be many multiples of where it is today. Now I'm done wasting my time with you.
SIERRAHPBT 2 months ago
@SIERRAHPBT let's hope that it is the case.
626718 2 months ago
Why should BrotherJohnF deserve any kind of credibility, when he has failed to forecast all of the 3 major silver crashes this year? For someone who has trumpeted that silver would reach parabolic levels, I find it difficult to understand why so many people still follows his videos.
Mass delusion? It's almost like a religion, there is no rational basis for listening to this guy. Silver prices have not gone up at all this entire year. If you've bought at 40-50 level, I feel sorry for you.
626718 2 months ago
@626718 don't feel sorry.. just like in 08, those who bought at 21 saw it go to 8.75, then waited a few years and it almost hit 50.00 we don't buy silver for short time periods. Silver investors buy it to hold for long periods of time. I bought 8 years ago. I will probalby hold on to it for another 8 years. So mr.investing genius.. what have you done?
SIERRAHPBT 2 months ago
@SIERRAHPBT the point is, did you sell when it was 50?
626718 2 months ago
@626718 No I did not sell any physical at 50.00 I sold my options at 42.00 I will never sell physical. I will add to my physical position. so you said above you have a long position in silver. why didn't you sell at 50.00?
SIERRAHPBT 2 months ago
like i said, I plan to buy more next month. I didn't capture the top, but I knew it was overbought when it was 40 bucks an ounce.
626718 2 months ago
Markets are manipulated, take the low prices as a blessing.
Crashbanksbuysilver 2 months ago
excellent forensic work. Just blew my doors off bro
Motoicon 2 months ago
shady characters & criminality; names of the players & nature of the crimes; the fraud, the looting & transferance of wealth from the U.S. TREASURY & the American Citizens left holding the empty bankrupt worthless currency bag . More expose of these financial crimes, plz .... after all, it is the FRAUD & LOOTING that has taken down this country ! Your videos are super great !
lynnybee888 2 months ago
thank you for your videos ! i love them all, am listening & educating myself on a new subject . how i wish i'd known about this world of precious metals & markets years ago ..... & about the criminality & corruption of the U.S. Government. I actually thought the government was operating on behalf of the American Citizen ! HA ! Looks like the laugh is on me & the great majority of the citizens. Please continue speaking out & making these videos, they are invaluable education.
lynnybee888 2 months ago
what will be funny of the end game is JPM is going to dump their shorts onto slv's book, just like bankers dumping their bad debts onto gov'ts balance sheet.
mtube620 2 months ago
Brilliant SLV DD. Weekly Telegram used to have a good video about their prospectus.
wafdawg 2 months ago
You realize your last three videos have the same date in the title, don't you?
inibo 2 months ago
@inibo Fixed thanks
BrotherJohnF 2 months ago
What are your FB and Twitter links?
PeakPersuasion 2 months ago
@PeakPersuasion BrotherJohnF on both
BrotherJohnF 2 months ago
This was all explained in the Bears Series. SLV is the main tool I have been screaming about while others have been saying SLV cant set the POS. Bullshit.
MrSilvergoldsilver 2 months ago
The main question was asked by Eric Sprott. " From where that silver to back those ETF's is coming from?"
Aperently shorts hold by JPM has been partially covered. they have 45.000 I belive more to cover that is on the COMEX. That judgement of CME in November will force JPM to cover over 90 days or so.
Alexiscom1 2 months ago
I think this video gets the part wrong about the expenses themselves being some sort of fraud. You certainly can't run a fund for free. However, the interesting part is that the prospectus uses weasel-language to define the goal as matching the price of the TRUST's silver, not silver in general. That does suggest that they get to "benchmark" by their own internal price, which of course could easily "tend" to be lower than the wider market price...
akrowne 2 months ago
what would you think about hedging one's physical metal position by going short on the eur/usd?
MrPhajlee 2 months ago
I think the lower the price goes, the less confidence buyers will have. Therefore silver will be available at lower prices for us!
agrassel49 2 months ago
Good post BrotherJ
CluelessInChicago 2 months ago
what everyone needs to understand is this. Shorting the SLV is not allowed. Look at the perspectus from Blachrock. This short position is illegal and blackrock is not doing its fiduciary duty to its share holders. Also those short should be required to deposite the amount of ounces sold short into the trust but is not. Another naked short.
SIERRAHPBT 2 months ago
@SIERRAHPBT SLV is a simple stock ...so you may able to short SLV anytime. In fact, there is an old Ted Buttler article proving this point.
Shorting silver has many ways around : swaps, options, futures, ETF, etc . but in the end ...all are silver papers .
renegado100 2 months ago
@renegado100 Actually I have atleast 3 of Butlers essays to private members only where he specifically tells us that this is illegal. He also says that Blackrock is not doing its fudiciary duty to its share holders. If you don't beleive me ask Brotherjohn since I forwarded the essays to him.
SIERRAHPBT 2 months ago
Brother John. Blackrock is a front for the CIA. Beforehand Blackstone was responsible for the accounts of agents in the field. This is how the CIA dodged the investigative scope of the KGB during the cold war, because the CIA owned the bank that they were using. now it's all done through Blackrock.
Joe11Blue 2 months ago
thanks for posting my Ann Barnhardt vid!
I got such a rush hearing her lay it out the way she did.
It's been my fastest growing most viewed video.
Thanks again! :)
davematherly 2 months ago
why does peter shiff reccomend NOT to buy numismatic coins at 1400; Gold, Inflation, Paul Krugman Challenge
caessarion 2 months ago
I owe Ted Butler a lot and I have exchanged emails with him and been able to thank him for opening my eyes to the silver manipulation. Only thing is he seems to think the SLV is legit and the CFTC will do their job and stop the manipulators. I hope he's right but I know he's wrong about that.
dowhatuwill 2 months ago
Keep in mind if I buy and sell a share 300,000,000 times in a day, that's the volume.
davincij15 2 months ago
@davincij15 That why I used the terms churning and HFT. But who would benefit from or want to do that?
BrotherJohnF 2 months ago
This has been flagged as spam show
@BrotherJohnF
I know you know the answer to your question...
"That why I used the terms churning and HFT. But who would benefit from or want to do that?"
But for the benefit of those that don't know, the answer is any one looking to manipulate the price (up or down) for a profit.
davincij15 2 months ago
@BrotherJohnF high frequency trading?
ajvhan 2 months ago
@davincij15 why you playing devils advocate? you've been thinking that the comex is going to default for years! It is pretty obvious that the market is manipulated and massive amounts of naked shorting are taking place to control the price. They won't be able to control forever.
rangeyer 2 months ago
p.s. its soooooooo ironic that its called the ishares silver "TRUST" lol
onisuk 2 months ago
I would love it if you could get someone from the comex or slv for an interview, to ask them these questions ! ..and then see what nonsense they come out with !
onisuk 2 months ago
They can't keep this up for much longer....
Soon or later and I think sooner it going to start to climb for one reason only people are going to realize paper is worthless and the demand for physical is going to be mind blowing.
In the last 2 years the people of Greece have already withdrew over $200 Billion Euro from their banks.
Italy has now made it illegal to do transactions over $1,000 Euro in Cash...
We are getting closer and closer to the end....
moviematcanada 2 months ago
Man, another awesome post. Thank you so much and I wish you and your family a wonderful holiday!
bicylindrico 2 months ago
Oh snap...BJ, you just blew my mind. Fascinating info.
clintcarter 2 months ago
Thanks brotherjohn for all your thorough research and explanation on silver. I do believe all this will come to an end one day and silver will be more expensive than gold due to the ever decline of physical on the market. Merry Xmas to you and all the youtubers who follow your videos religiously.
SLVBULL 2 months ago
@SLVBULL
If silver's price rises the investment supply will just increase, because silver is still mined much, MUCH faster than gold, and the industrial demand will drop. The only way silver is able to get higher than gold is in a short squeeze, before the market has time to adjust.
myusernameisluc 2 months ago
@myusernameisluc that is no0t true. Silver is inelastic. just because price rises does not mean lots of silver will come to market. There are less then 1 billion ounces of silver above ground. there are over 5 billion ounces of Gold. Silver is mined as byproduct mining from lead, copper zinc etc. There are very few silver only mines. It will take 5 to 10 years to reopen silver mines or open new mines. Now go see what Sprott has said recently. Your information is incorrect.
SIERRAHPBT 2 months ago
@SIERRAHPBT
What did Eric Sprott say recently? Do you have a link? Thx.
myusernameisluc 2 months ago
Merry Christmas and thank you for your time and energy.
mfalcon5 2 months ago 4
First. Merry Christmas Brother! :)
biron120677 2 months ago