Since the genesis of The Golden Rule I have alluded many times to Max Keiser’s theory that JP Morgan was using its stock to manipulate the silver market. This has been brought up by a number of whistleblowers and is corroborated by stunning coincidence whenever JP Morgan’s stock price approaches the current spot price of silver. Over the last few years whenever JPM’s stock slides lower or silver rockets higher, the white metal gets smashed downward in an action that any sophisticated buyer knows can only be the result of manipulation.
Keiser explains further the significance of JP Morgan’s recent 2 Billion dollar trading loss and how we may be on the verge of one of the largest shorts ever being unable to cover.
As we’ve been saying for two years. JPM uses it’s own stock to collateralize naked silver short positions (echoes of Lehman and Enron). My analysis has concluded that liability from a rising silver price vs. loss of collateral value of the stock renders JPM’s balance sheet null and void when JPM’s stock price drops below the price of Silver. We’ve only seen this a couple of times since I made this call two years ago, BUT NEVER ON A SUSTAINED BASIS of more than a day or so. When the price of Silver popped over JPM’s stock price, the London desk quickly fabricated a few billion fresh naked silver shorts to tamp silver’s price down. Given this week’s revelations regarding JPM’s reckless balance sheet incineration the ‘crash jp morgan, buy silver’ trade has never been more important as a way to take down this financial terrorist. The SLA has been winning battles all along. Now we are poised to win the war as well. Bye-bye Jamie. NOTE TO HEDGE FUNDS: Sell JPM’s stock naked to Hell. This is the easiest money you’ll make this year.