Discussion in 'Bullion Investing' started by CHARLES GINETTO, Jan 30, 2020.


    CHARLES GINETTO Active Member

    Where are the Hunt Bros. when you need them. Will silver ever rise in price?
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  3. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    Will it rise -- eventually yes it will.

    The rest of it we don't know.
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  4. tommyc03

    tommyc03 Senior Member

    I hope no one like them ever comes along again. A lot of Mom & Pop coin stores went under because of that fiasco.

    JCKTJK Active Member

    J P Morgan are the new Hunt Brothers, I read somewhere that they own 53% of all physical silver trading ON the COMEX

    It has been a wild ride so far this week for silver!
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  6. tommyc03

    tommyc03 Senior Member

    Well, that's not good. I would hope the FTC has some notion of this. Not sure what % it would take to tip something into action.
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  7. TheFinn

    TheFinn Well-Known Member

    It's not whether silver will go up, it's how much the dollar will go down. Then whether gold will pull silver along with it.
    I price PMs as money, and base their values in commodities.
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    JCKTJK Active Member

    If I remember right they took over Bear Stearns silver position back in 08 which was pretty big so the FTC would have had to approve, I don't think the position was 53% big at the time or intended to get any bigger but Jamie D knows his way about so it would not be surprising at all;)
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  9. -jeffB

    -jeffB Greshams LEO Supporter

    Bull get fat, bears get fat, but pigs get slaughtered.

    And the Hunt brothers were pigs.
  10. Collecting Nut

    Collecting Nut Borderline Hoarder

    The Hunt brothers hurt a lot of people.

    Silver will go up when the market demands it and it will drop for the same reasons. It may even remain the same.
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  11. GoldFinger1969

    GoldFinger1969 Well-Known Member

    No they don't. They are a clearing firm for various holders of the coin.

    JP Morgan Chase owns less silver than most of you. :D
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  12. JCKTJK

    JCKTJK Active Member

    you could be right I was just sharing what I had read sometime back:happy:

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  13. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I know....I get it...but so much of what you read nowadays is by people writing something without doing their research (not you, the original writer).

    I see so much baloney involving finance and economics and markets. Favorite is "Wall Street banks were bailed out" when they paid the money back in 6 months or got diluted to hell.:D
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  14. GoldFinger1969

    GoldFinger1969 Well-Known Member

    They got hurt too, and nobody told anybody to buy. The price quadrupled in 4 months, I don't know where people thought it was going to, $1,000 an ounce ? :wideyed:
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  15. GoldFinger1969

    GoldFinger1969 Well-Known Member

    No argument, but the CFTC and COMEX changed the rules in the middle of the game.
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  16. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Bear Stearns CLEARING operations held the positions, not Bear Stearns or JPM Chase.

    These firms do NOT speculate in PM's. The regulators would eviscerate them. Jamie Dimon has said he would fire any of his traders who bought BitCoin (remember "The White Whale" ?).
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  17. GoldFinger1969

    GoldFinger1969 Well-Known Member

    They should have minted money....they're supposed to be middlemen buying and selling volatility and the metal, not speculating on the price.

    That's what killed Bear Stearns when they moved away from Ace Greenburg's vision.
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  18. Santinidollar

    Santinidollar Supporter! Supporter

    Convince the silver price conspiracy people about that. According to them, silver would be at $50 except for “price manipulation.”
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  19. JCKTJK

    JCKTJK Active Member

    Actually the price would be at $100 :D
  20. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Silver is always going to be worth less then Gold..LOL, but if it ever gets over
    $20 an oz, i will be shocked as hell, Today,s massive movement +0.02
    that,s poverty ! now if were talking Palladium, Current ask price $2359.88
    now that,s insane !!
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  21. Mr Roots

    Mr Roots Underneath The Bridge

    Today 1/30/2020(10 minutes after the above post) Silver went up .29 cents, it was the winner for the day out of all PMs at a 1.66% gain.
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