Is the price of PHYSICAL SILVER skyrocketing, because JP MORGAN IS FRONT RUNNING THE RED CHINESE???
THE METAL WARS & The CHINA SILVER SQUEEZE:
THE METAL WARS & The CHINA SILVER SQUEEZE:
Scottsdale Mint CEO Josh Phair gives an insider’s analysis of what’s ACTUALLY going on in the global silver market:
“CHINA IS GETTING SQUEEZED via the buying market. It’s getting bid up.
It all started around Thanksgiving night.
A phone call came into the US – most likely it was JP Morgan – that China wanted to take an OBSCENE obscene amount of silver out of the US.
JPM stepped in- perhaps even on behalf of the US gov’t, and said, “You can’t pull it from our facilities here in the US, but we’ll help you pull and get the silver that you want.”
Since that moment, 2 things are likely happening:
1. The Chinese are buying silver- and it’s getting pulled out of a lot of markets all around the world. There is a PHYSICAL DEMAND going into it.
2. I also believe that JP Morgan has also been purchasing (along with other banks) on behalf of OTHER governments- such as the United States.
So you have multiple competing parties.
JP Morgan is essentially the US government’s arm.
I believe that JP Morgan controls the largest stockpile of silver in the world.
Most likely, they put a blanket over that, and told the Chinese, You can’t touch it!
And if they do control and own – and I do believe that they went long- FULLY LONG SILVER AS MUCH AS POSSIBLE!!
We always hear, “The banks are short! Nope! The US banks went LONG!”
The European banks- who weren’t in the know- they’re the ones who are probably getting squeezed. UBS, HSBC, etc.
JP Morgan says, I control it, I’m going fully long. You can be neutral your physical holdings, you can be fully long, partially long, or partially short. THEY LET THE THROTTLE OFF, knowing that the Chinese are buying!
2. I also believe that JP Morgan has also been purchasing (along with other banks) on behalf of OTHER governments- such as the United States.
So you have multiple competing parties.
JP Morgan is essentially the US government’s arm.
I believe that JP Morgan controls the largest stockpile of silver in the world.
Most likely, they put a blanket over that, and told the Chinese, You can’t touch it!
And if they do control and own – and I do believe that they went long- FULLY LONG SILVER AS MUCH AS POSSIBLE!!
We always hear, “The banks are short! Nope! The US banks went LONG!”
The European banks- who weren’t in the know- they’re the ones who are probably getting squeezed. UBS, HSBC, etc.
JP Morgan says, I control it, I’m going fully long. You can be neutral your physical holdings, you can be fully long, partially long, or partially short. THEY LET THE THROTTLE OFF, knowing that the Chinese are buying!
If we put it all together here- if JP Morgan KNEW there was a huge buyer coming in (and other buyers coming in), they put a blanket on their material and said, You can’t buy it – JP MORGAN ARE THE ONES BIDDING IT UP!
So the Chinese are going into the market and they’re having to pay higher, and higher, and higher – step, by step, by step until today, we’re in the $90’s.
We could be at $120, we could be at $150, before this thing breathes!! It could happen TONIGHT, where this thing gets CRUSHED. We could be back down to $50! We could go to $150 and then $50! All within a short amount of time.
There’s an awful lot of things happening. The PRICE OF METALS ARE RESETTING to new levels.
While we might see alot of volatility, I wouldn’t be too concerned about the long term.
If you’re dollar cost averaging in, in terms of what’s going on – it’s going to be higher. It’s probably going to be MUCH, MUCH HIGHER, up and to the right over the next NUMBER of years.
You can’t use paper. People are after the physical, tangible metal, and they want it in their jurisdiction. They want it in the US, they want it in China. The input material is being squeezed. Concentrate that is coming out of places like Venezuela is now being cut off.
China is worried that they’re not getting some of that material in for their manufacturing base.
The United Sates is now in the middle. The US is going to probably mop up all of Latin America. It’s probably a matter of time. They’re gonna go right down into Brazil, and beyond.
You have to have these resources to build the military.
China is absolutely getting squeezed on the input side, and they’re getting BID UP on the physical side.
I also talked about the new $7 BILLION US Smelter that the US Department of War is putting in $2 BILLION of their own money- financed by who? – JP Morgan!
Not only are they building that in Tennessee, but part of that deal, was that the United States would get access to more of South Korea’s metals. Which means more of South Korea’s metals have to come to the United States.
Things are happening very strategically.
What type of assets do you want to own? You want to own the assets that the biggest of the big are fighting over!! Don’t buy these baloney paper products- tangible assets- physical metal in the right jurisdiction really, really, really matters.”
World War 3 is well underway. Donald Trump fully understands this, and has begun fighting back against the planned Chinese takeover of the US and the rest of the West.
Silver lies at the very HEART of the battle!!
