JP Morgan Adds 594,598oz of Silver Today
Hey #Steemsilvergold community!
I wanted to share an interesting Tweet from World Mint. According to the CME Group delivery report, JP Morgan added 594,598 ounces of silver today. I was able to find the link from the report showing this here
I'm always interested in what the big guy's are doing, as we know their not stupid. Whether it be JP Morgan purchasing silver, or China and Russia buy large amounts of gold. These guy's know what's coming and aren't buying precious metals just for "tradition".
This is quite a purchase from JP Morgan. Any thoughts?
Really good post kp138.
Holy crap, could it be any more obvious when JP adds another almost 600,000 ounces!?
However, by some rough math, thats only about $12 million usd.
What it says is that we are in the last part of the down... but these guys can flip some switches and sell some paper contracts and send the price anywhere they want...at least for now.
Very true. Thanks for adding your insight.
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Nice stash. I'm right behind them. Hehehe