/biz/ - Business & Finance

>>55057483
>Buying opportunity or continue waiting on a major dip?
Considering how much efforts (((they))) are forced to deploy (EFP, OTC deals, consolidation, delayed delivery rewards, PSLV shares purchasing,...) just to tank the spot price by 2 bux, i wouldn't get my hopes too high. And it feels all this energy spent to keep us low will vanish once again the minute another bank collapse occurs, and we know it's inevitably coming soon.

But who knows, after all we are in the last stage of clownworld, anything seems possible at this point.

oh my oh my...
I think i came across something pretty big frens..

You probably all know the SLV's ETF, but i'll give a QRD for the potential newfrens so they aren't lost in translation.
Basically the COMEX serve as a warrant to guarantee the backing of a silver ETF, ticker : SLV, owned by Blackrock. No need to introduce Blackrock.
I already covered this many times, but historically, over a dozen participants were sharing the custody of SLV's physical backing. Because holding 350Moz is quite a large amount. But very recently, JPM became the sole custodian for ALL the silver, probably by express demand of Blackrock. So all the silver held by other majors institutions were transfered to a new subterranean vault, called Vault B, owned by JPM.

Few years ago, the billionaire Sprott launched a new silver ETF, called PSLV, because he didn't trust Blackrock/JPM to truly own all the silver they were claiming they had, and for the past 3 years Sprott aggressively DCA'd all what he could get his hands onto.

That's where it become interesting : last week, Blackrock discretly purchased 20.5 millions shares of PSVL, for $185M. So much so Blackrock is now the first institutional holder with over 5% of outstanding shares.

Wanna know when it happened? Settled on the 12th, so probably purchased the 11th. The 12th, a huge, uninorganic dump of silver spot happened. Then more.

This date also correspond to JPM aggressively replenishing the COMEX vaults, at a loss, which they continue to do since then. Over the past 2 weeks, that's 10+ millions physical oz they added to the vaults, after 3 years of almost uninterrupted bleeding (-80% registered).

This is a huge deal. Blackrock is literally buying their direct competitor's shares. And my take (i've no evidences of this) is they bought from PSVL, asked for delivery, and gave it to JPM to replenish the vaults who were dangerously low volume wise.
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