Showing posts with label Fall. Show all posts
Showing posts with label Fall. Show all posts

Tuesday, May 5, 2015

JP Morgan Stockpliles Silver Assets Before Market Melt Down in Early Fall 2015


""Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver?  Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver.  

Clearly, someone over at JP Morgan is convinced that physical silver is a great investment.  But in recent times, the price of silver has actually fallen quite a bit. 

As I write this, it is sitting at the ridiculously low price of $15.66 an ounce. 

So up to this point, JP Morgan’s investment in silver has definitely not paid off. But it will pay off in a big way if we will soon be entering a time of great financial turmoil.

During a time of crisis, investors tend to flood into physical gold and silver.  And as I mentioned just recently, JPMorgan Chase chairman and CEO Jamie Dimon recently stated that “there will be another crisis” in a letter to shareholders…


Some things never change — there will be another crisis, and its impact will be felt by the financial market.

The trigger to the next crisis will not be the same as the trigger to the last one – but there will be another crisis. 

Triggering events could be geopolitical (the 1973 Middle East crisis), a recession where the Fed rapidly increases interest rates (the 1980-1982 recession), a commodities price collapse (oil in the late 1980s), the commercial real estate crisis (in the early 1990s), the Asian crisis (in 1997), so-called “bubbles” (the 2000 Internet bubble and the 2008 mortgage/housing bubble), etc. 

While the past crises had different roots (you could spend a lot of time arguing the degree to which geopolitical, economic or purely financial factors caused each crisis), they generally had a strong effect across the financial markets

And Dimon is apparently putting his money where his mouth is.

If Dimon believes that another great crisis is coming, then it would make logical sense to stockpile huge amounts of precious metals.  And in particular, silver is a tremendous bargain for a variety of reasons. Personally, I like gold, but I absolutely love silver – especially at the price it is at right now.

Over the past few years, JP Morgan has been voraciously buying up physical silver. Nobody has ever seen anything quite like this ever before. In fact, JP Morgan has added more than 8 million ounces of physical silver during the past couple of weeks alone. The following is an extended excerpt from a recent article by Mac Slavo


According to a detailed report from The Wealth Watchman JP Morgan Chase has been amassing a huge stockpile of physical silver, presumably in anticipation of a major liquidity event.

They’re baaaaack. Yes, “old faithful” is back at it again!

Of course, they never really left silver, and have been rigging it non-stop in the futures market, but for awhile there, there were at least no admissions of newly-stacked silver being made in their Comex warehousing facilities.

Yet, after a 16 month period of “dormancy” within their Comex warehouse vaults, these guys have returned with a vengeance.

In fact, our old buddies at JP Morgan Chase, not only see value in silver here, but they’re currently standing for delivery in their own house account in such strong numbers, that it commands our attention.  Let me show you what I mean.

Here’s a breakdown of the Comex’s most recent silver deliveries to JP Morgan:

    April 7th: 1,110,000 ounces
    April 8th: 1,280,000 ounces
    April 9th:  893,037 ounces
    April 10th: 1,200,224 ounces
    April 14th: 1,073,000 ounces
    April 15th: 1,191,275 ounces
    April 16th: 1,183,777.295 ounces

This is a huge bout of deliveries in such a short space of time. In fact, within the realm of Comex world, it’s such an exceptionally large amount, that it even creates quite a spike on the long-term chart of JP Morgan’s vault stockpile:""





Thursday, April 9, 2015

Ebola Patients Exposure in U.S. as Government Plans are Laughed Off by CNN, American Hotel Stocks Fall in Wall Street


""The Ebola outbreak in West Africa has long since disappeared from the radars of the world's news media, with coverage falling off dramatically from its peak last year.


That is especially true in the United States, but that coverage could soon change if a policy being pursued by the federal government's premier health agency backfires. And as of right now, one mainstream news channel - CNN - may actually be covering up some important details.


According to The Organic Prepper web site, several American healthcare workers who were either exposed or "potentially" exposed to the Ebola virus have been brought back to the United States for treatment. One who was positively diagnosed with the disease was taken to the National Institutes of Health in Bethesda, Maryland.


But what about the others who were "potentially exposed?" The Organic Prepper's Daisy Luther notes that CNN initially ran a story claiming that the Centers for Disease Control and Prevention (CDC) was in charge of a plan to house the potentially infected in hotels, not hospitals.

Changing the story

Within days, however, CNN changed its story, dropping any reference to the CDC hotel connection. It now says that the potentially infected are merely being "housed" near key medical facilities:

Four of the clinicians arrived Saturday to housing on the campus of the University of Nebraska Medical Center in Omaha, according to spokesman Taylor Wilson. The workers have voluntarily agreed not to leave their housing.

"They will be monitored so they'll stay there," Wilson said.

Another aid worker was flown to Atlanta over the weekend and is being housed near Emory University Hospital, and three more workers are scheduled to arrive in Atlanta on Monday, according to Nancy Nydam, spokeswoman for the Georgia Department of Public Health.

As in Nebraska, the workers in Georgia must stay in their housing for 21 days after the date of their exposure to Ebola.



Risky business

The report stated further that health care workers monitoring the "housed" will contact them via Skype or face to face.

However, as Luther notes on her site, the original report went like this:


(The) CDC and the State Department are facilitating the return of additional American citizens who had potential exposure to the index patient or exposures similar to those that resulted in the infection of the index patient," the CDC said in a written statement. ...

Four people who had "more exposure than the others" to the patient with Ebola will isolate themselves in housing on the campus of the University of Nebraska Medical Center, said Nebraska Medicine spokesman Taylor Wilson. They arrived on the medical campus Saturday evening...

The other six are scheduled to fly into Washington on Sunday to go to the NIH, and into Atlanta on Monday to go to Emory...

Skinner said the Americans coming home will stay at hotels and other housing near the University of Nebraska Medical Center in Omaha, the National Institutes of Health in Maryland or Emory University Hospital in Atlanta.


What sane person would house someone who may have been infected with Ebola in a hotel? What happens if one or more of these persons actually are infected? How will the hotel room be cleaned? How can the public be certain it will be cleaned properly? And who to ensure that hospital staff aren't infected as well?""



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