Cartel Conspiracy and the Silver Massacre
Superior in luster, value, and perception, gold is the king of metals.
Silver has always played second fiddle to its big brother.
The “gentleman’s metal” has a natural tendency to go under the radar compared to gold.
And it’s also likely why it’s been the target of many more conspiracies, both real and imagined.
From the days of the Hunt Brothers cornering the silver market to the JP Morgan and “cartel” shorts, there’s no shortage of silver conspiracy theories.
But perhaps none are more famous than the “Silver Massacre” of early May 2011.
In 2011, the price of silver was flirting at $50 per ounce and was nearly 20% higher in the dealer market. (Gotta love those bullion dealer premiums, they make stockbroker fees look moderate).
It seemed like it was finally silver’s time to shine.
How to Be in the Right Place at the Right Time
By Jeff Clark, editor, Market Minute
If the past year has shown us anything, it’s that the rules of the stock market are slowly but surely changing…
And that the balance of power has gone completely out of whack.
More and more, it seems like the hedge funds and institutions of Wall Street are losing power to the little guy. Where before it seemed like no individual could find an edge against Wall Street, the power of sheer numbers and groupthink has found a way to best them.
Now, a lot of this likely has to do with the stimulus checks that the U.S. government sent out to citizens over the last year. Since the pandemic started, any single individual earning up to $75,000 a year – already more than most folks – has made as much as $3,400… And all from doing nothing but working and paying taxes in the U.S.
How The Digital Yuan Changes Everything | Andy Schectman
A Trader’s Federal Lawsuit Against JPMorgan Chase Offers a Window into the Crime Culture at the Five Felony-Count Bank
By Pam Martens and Russ Martens: April 20, 2021
Donald Turnbull, a former Global Head of Precious Metals Trading at JPMorgan Chase, has filed a doozy of a federal lawsuit against the bank. Turnbull worked on the same JPMorgan Chase precious metals desk that was deemed to be a racketeering enterprise by the U.S. Department of Justice when it handed down indictments in 2019. This was the first time that veterans on Wall Street could recall employees of a major Wall Street bank being charged under the Racketeer Influenced and Corrupt Organizations Act or RICO statute, which is typically reserved for organized crime.
Bitcoin, Ethereum Hit All-Time Highs Ahead of Coinbase Direct Listing
Under Certain Conditions, Stocks Can see Crypto-Like Gains
By Teeka Tiwari
Most of my subscribers know me for my work in crypto…
In 2016, I recommended bitcoin and Ethereum at $428 and $9, respectively. Today, they’re trading at record highs of about $63,000 for bitcoin, and $2,500 for Ethereum.
My long-term subscribers have had the chance to see gains of 15,055% and 27,555% in bitcoin and Ethereum, respectively… enough to turn every $1,000 into $151,549 and $276,550.
And those aren’t even my biggest winners. Many have had the chance to see gains of up to 156,753% and 33,806% on tokens like Neo and Binance.
(I’m not cherry-picking either. Of 68 current open positions in my flagship Palm Beach Confidential crypto newsletter, 53 are winners. That’s an outstanding 78% win-rate with an insane 2,399% average return.)
Top Experts Talk Gold/Silver | Andy Schectman, Gary Wagner, Craig Hemke, & more!
The Retail WTF Charts of the Year, Powered by $1,400-Stimmies and Massive Price Increases
The government better not ever stop dousing consumers with free money.
By Wolf Richter for WOLF STREET.
The latest wave of stimmies, this time $1,400 a pop, began to wash over our dear consumers in March, and they went out and spent it on everything in sight, except at grocery stores, as they’re still trying to use up their three-year supply of pasta and toilet paper. A few weeks ago, when I reported on consumer spending that had dropped in February as the $600-stimmies from December-January had run out, I predicted: “Waiting for a $1,400-stimmie WTF spike in March.” And what a doozie we got today.
Why did March retail sales soar
The Decentralized Trading Revolution Is Unlocking a Huge Opportunity
It was the biggest cryptocurrency story of 2020...
I'm not talking about PayPal (PYPL) launching the ability to buy and sell crypto... MicroStrategy (MSTR) becoming the first public company in the world to add bitcoin to its treasury reserve... or the U.S. Office of the Comptroller of the Currency telling banks they can custody crypto on behalf of their customers.
One story was even more important... and you likely never heard about it.
I'm talking about the breakout of decentralized trading platform Uniswap.
(Inflation Trick) The Indicator that Actually Matters
The outcome leaves you baffled and confused…
No matter the language or culture, magicians have performed sleight of hand tricks to wow audiences around the globe for centuries.
The magician’s goal is to reveal a chosen reality to the audience, while concealing the real methods and actions that bring the magic trick to life.
Two important factors play into sleight of hand…
The first is misdirection, which focuses the audience’s attention on something of no significance, drawing all their attention away from the trick.
China’s Currency Goes Digital
Archegos: Snowflake That Triggers the Avalanche?
By James Rickards
Archegos Capital Management is a family office controlled by Bill Hwang, a former hedge fund trader. Family offices can be conservative in their investment approach, but they can also be as highly leveraged and as risky as any hedge fund, or even more so. It’s up to the person managing the family office.
In Hwang’s case, the money was mostly his own, so he ran his family office the way he used to run his hedge fund – with high leverage and almost no transparency. Hwang made huge bets in stocks, often buying as much as 10% of a company.
