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THE SILVER BANDITS RIDE AGAIN

Silver 114 ounce as oil price goes high and inflation kicks as war drum beat loudly whats wrong with this picture. Especially as China silver roar ahead at third price higher. Adding to weirdness confirmation that the US is having to pay China in Gold Silver for any trades. Which it doing using gold stocks whose source is a mystery. Gotta a couple idea on that ( since 70s the CIA being in the stealing gold bussiness – where else where news reports metals are being brought by armies like Poland for “strategic use” ) but mystery aside it confirms metals prices are being weaponized. Looking thru back issues of my paer DEADLINE I found a piece I wrote on Putin in 2016 The Man With The Golden Missiles which forecast the role gold would play in modern war.

Ditto oil prices whose exact panic I’m dubious of because

1. There are alternative shipping routes.

2. There are alternative pipe routes.

3. This was not a sudden unexpected conflict and in this age of AI metrics cargo could have begun being diverted six months ago to minimise supply disruption.

The Market acting surprised but its interesting to see whose profiting and whose loosing from the Iran crisis.

As I view a massive AI data Centre being proposed for South Land. WhoSE function no one seems to know and as I write this nearly four sites are being prepared for Rocket Lab like operations ( military recon targeting satellite) as the government announces numbers like 1000 launches a year. It feels like we’re being pushed to war wether we like it or not. My forecast at the end of that conflict central banking will control the debt of that war and profit it from it’s rebuild and we will all being living in a digital gulag.

In the mean time don’t be scarred off as Warren Buffer reports ‘there are no new silver mines, production is not getting easier, and the stock market price for metals is no reflection of the physical trade of actual silver gold’. But as for the silver squeeze which comes as JP Morgan quietly stash away a SMALL mountain of siilver I wonder who came up with that idea?.

In 2013  Dec. 20, 2013) – Pershimco Resources Inc. (the “Company” or “Pershimco”) (TSX VENTURE:PRO)(BIZ.F)  stated it ws ” pleased to announce a non-brokered private placement (the “Private Placement”) totaling $11.2 million by two important and highly respected partners, Agnico Eagle Mines Limited (“Agnico Eagle”) and The Sentient Group (“Sentient”).Agnico Eagle has entered into a subscription agreement for an investment of $9,306,000 into Pershimco at a subscription price of $0.47 per unit (the “Unit”). As a result of the transaction, Agnico Eagle will own 9.9% of Pershimco’s issued and outstanding shares on a non-diluted basis. Sentient, already a significant shareholder of the Company, has entered into a subscription agreement for an additional investment of $1,892,692.35 into Pershimco through the Private Placement. As a result of the transaction, Sentient will continue to own 16.9% of Pershimco’s issued and outstanding shares on a non-diluted basis”. In 2016 Pershimco Merges with Orla.

Key share holders

• Fairfax Financial Holdings Ltd.: The largest individual shareholder, holding approximately 9.36% to 17.55% of the company, signaling strong institutional confidence.
• Pierre-Paul Lassonde: A major stakeholder holding approximately 9.48% of the company.
• Van Eck Associates Corp.: A major institutional holder with over 5% ownership. Van Eck is also a major inevstor in Oceania Mining.
• Other Institutional Investors: Institutions hold roughly 43%–49% of the shares, including Vanguard Group Inc., Connor Clark & Lunn Investment Management Ltd., and Franklin Resources, Inc..
• Retail Investors: Retail investors hold roughly 50% of the company’s share

Under the terms of the subscription agreements, Agnico Eagle and Sentient wpurchased 19,800,000 Units and 4,027,005 Units respectively, for a total of 23,827,005 Units. In the event all warrants were exercised, an additional $12.9 million in gross proceeds wias promised. To make matters more interesting several Top Shareholder appear as share holders in the majority of the investment firms involved in this mining project

• BlackRock, Inc. (approx. 5.8% stake)
• Vanguard Group Inc.
• Van Eck Associates Corp
• Capital Research and Management Company
• FMR LLC (Fidelity)

And thse firms inturn hold majority share holders as

• Leon Black (Apollo Global Management) Epstein associate pzart of his inner circle.
• JPMorgan Chase and its dealings with Epstein. Epstein former employee and th main driving force ehind the silver squeeze.
• Island Capital Group (Andrew Farkas) down played his relation to Epstein but did multiple deaals with nearly 2000 email between the pair and owned a marine with Epstein whom he called a “blessing’
• Other entities like Liquid Funding LtdLiquid Funding Ltd. was a Bermuda-based financial company that Jeffrey Epstein chaired from at least 2000 to 2007. Documents revealed in the “[Paradise Papers]” leak showed that this company was partially owned by Bear Stearns and was part of the intricate offshore financial network used by Epstein s in 2019 noted that other accounts associated with his offshore dealings held millions, contributing to a total fortune estimated around $559 million.

What makes this current silver squeeze and manipulation of the COMEX (Chicago Metal exchange) is this not th firt time JP Morgan has gone out to replicate what the Hunt Brother tried do int he 1980s when thye sey up to corner the silver market. According to the US Justice Department JPMorgan Chase & Co. (JPMorgan entered into a resolution with the Department of Justice in 2020 to resolve criminal charges (not civil) related to two distinct schemes to defraud: the first involving tens of thousands of episodes of unlawful trading in the markets for precious metals futures contracts, and the second involving thousands of episodes of unlawful trading in the markets for U.S. Treasury futures contracts and in the secondary (cash) market for U.S. Treasury notes and bonds. JPMorgan entered into a deferred prosecution agreement (DPA) in connection with a criminal information filed today in the District of Connecticut charging the company with two counts of wire fraud.  Under the terms of the DPA, JPMorgan will pay over $920 million in a criminal monetary penalty.

A mere slap on the hand for the profit they had made.

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