There have been a lot of rumors floating around that JPM and other large banks are deeply underwater on their precious metals trades. For example, JPM may be short up to twice the total known available stockpiles of tradable silver, meaning that if the people they had sold all their paper promises to demanded delivery, there would be no possible way to deliver. So JPM would enter into default on the contracts, which would be a bad thing. In truth, the CFTC would step in and change the rules to protect JPM, but it would be a bad moment for all the big players.
What to do?
This is where the interlocking pieces of government, media, and a rigged casino, er, I mean precious metals market come into play. If you know what to look for, the signs are obvious.
The first act in the play began with another bogus government report on jobs, which took everyone by surprise by only showing 11,000 job losses instead of the expected 100,000. Naturally, nobody in the media is going to look too closely at the report and ask some obvious questions like how such a result is even possible given the recent hiring/firing news, collapse in retail and sales tax revenues, the vast departure from the ADP data, or the 30,000 jobs that were added by the now thoroughly-discredited Birth-Death model.
Nobody will look too closely, because a pleasant lie is vastly preferably to a hard truth.
by lightning