Apparently there are some fairly hostile shareholders and non shareholders who post here - perhaps a reflection of their losses I dare say, losses bought about by insufficient knowledge and poor trade management. That will always be present in any market!
For those who might debunk or not understand the impact that JPM has on the price of silver.
1. In a conspiracy there is usually a cover-up. Not here! The CFTC and COT reports have JPM holding over 20% ( as high as 32%) of the short side of silver. This is a 'Corner" and when you have a corner you control the market for your own greed. Since taking over the Bear Stearns short position in 2008, JPM have worked it to the max, milking technical traders at will. In April these trading thugs managed to flip their short gold position into a long gold Corner - amazing!
2. Have they colluded with other banks in this ongoing commodities crime? Probably, it is difficult to rig prices without some assistance or a willing partner. Ask the crooks who rigged the Libor interest rates index for so long.
Silver is becoming increasingly in short supply. Sooner or later the manipulation of the paper price will give way to price driven entirely by supply and demand. Knowing what is coming up for silver I am not concerned about current or short term issues. When the lid is lifted on the price of silver, I dare say AYN will be gobbled up by a major and turned into a real money making machine......... aside from the obvious huge market impact on the share price.
AYN Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
