How can we " Stick it hard ot JP Morgan Chase " and other silver market manipulators ?
This is a response to a YouTube video comment....
Hi Greg: Is there anything we as little guys can do to really stick it hard to JP Morgan Chase? I'm sure you realize that Chase has been sanctioned by the Federal Reserve, The SEC, the U.S. Treasury & the White House to Short Silver prices indefinitely into the Future. I realize buying Physical is the best thing to do for now, but What else can we do to make JP Morgan Chase regret the day it accepted this Con Job? quote from ThePayola123 who comments on GregVegas5909 video
Well guys, here goes...( sorry for that Greg !!! )....
Silver is currently trading just under 30 USD an ounce and testing many major support resistance levels. Greg as some good info on those sr levels in the attached vid. I spoke about that in my last post. June 14, 2012 Silver apocalyptic set up. I am writing " stick it hard to JP Morgan Chase " on Sunday, June 17, 2012 just hours before the Greek elections get underway.
Here is my theory.
Anyone can open an account with a silver broker and start buying paper silver. Silver in paper is not silver in bullion. Most people tell you that it is only wise to buy silver bullion or the real stuff but I tend to disagree.
Why ? Basically because if you are going to " stick it hard to JP Morgan Chase " as a little guy then you have to be willing to play by their standards and they play with paper silver and silver bullion. So should the little guy.
One little guy is not worth much and can not hurt the giant. But many little guys are much more dangerous than a giant.
It is a fact that JP Morgan Chase can not push the price of silver to less than 0. Silver will always be worth more than nothing. That is the power of silver and the reason that it is a safer investment than fiat currency.
Assume that the little guy only has 1000 dollars to trade. For 1000 dollars this silver trader can buy about 35 ounces of silver bullion at 28 USD. If silver goes down in price then this trader risks holding on to 35 ounces of silver that have depreciated in value but they are still worth something.
Those 35 ounces of silver are not bought on leverage therefore there is no way that this silver trader can bust out the account on a margin call which is usually the opportunity that the giant looks to cash in on.
If the silver trader had only put up 500 USD to buy these 35 ounces of silver then logically this little guy would be playing with leveraged funds and could lose a big chunk of his investment should a giant like JP Morgan Chase choose to sell silver at a price that would put our little guy at the margin call level. Off the top of my head I think that price would be about 19 USD.
Leveraged silver trading is a paper game.
Now assume that SilverTrader1 above has a friend, call him SilverTrader2. ST2 steps in to protect ST1 when ST1 is about to be wiped out by a margin call.
Silver trading US dollars is done under the XAGUSD international symbol. If XAGUSD goes to 19 then ST2 buys a few thousand dollars worth of bullion or paper silver.
Having done this then ST1 and ST2 have taken a second step in the game called " Stick it hard to JP Morgan Chase ".
If JP Morgan Chase feels like they must push ST1 and 2 out of their silver position then they have to move the price even lower towards 9 or so. Again a figure pulled off the top of my head.
At XAGUSD 9 the ST3 steps in with a yet bigger bet.......ST4 with a yet bigger bet lower.....and so on and so forth until JP Morgan Chase and their team of conspirators as you call them are jumping out of 30th floor windows and yelling foul. ( or howling at the lords of their ars goetic realm of deceit !!!! ).
I would love to see the price of silver at 1 penny or even 1 dollar. How much silver could ST1 to ST>>>2>>>>4>>>>>>8>>>>>>>16>>>>>>32>>>>>>>>>64>>>>>>>>>>128>>>>>>>buy at that level.
There is no way that JP Morgan Chase or the Feds or the SEC, US Treasury, US Government or Chinese Goverment or any wantabee god of the Ars Goetic realm could defend against the little guy in this scenario.
Well hardly any way !!!!!!
Recall that in the past the government of the USA has taken steps to stop the public from owning or hoarding Gold. They enacted a law whereby all gold above jewellery and a very basic amount must be returned to the treasury and the gold trader was then given good old American dollars.........35 dollars per ounce.
The devil is in the details and the banking giants are part of the bigger game of " stick it hard to JP Morgan Chase " , and of other such games of distribution of resources for the better good of ???? ( fill in the ????).
In my opinion that is how the little guy beats the boinkers at their own game. It is only " their " game as long as the little guy ( ssssssssssssss) refuse to play along. Or sit idly by hoping that their boinkers and brokers, and their ivy league educated financial assets managers and pension fund managers, will fight their battle of even distribution of resources for them.
Boinkers and brokers are bought and sold. ( Economics Ivy league education is likely the biggest corruption of reality in this age of change - it is a system of education designed by the wealthy for the wealthy - the deans of such systems of education are the authorities who sign the diplomas of the next generation of authorities....they are the knights or wizards behind the apprentice - the sorcerers apprentice only practices if the author of authority brands him loyal to the bigger game ). They get paid the big bucks because they can take big bucks from the little guys.
I don't know how GregVegas5909 would answer your question ThePayola123 but I think an approach such as described above would begin a real battle between the David and Golliath of silver trading.
Stick it hard to JP Morgan Chase Game on
No real education necessary.........
