The silver drop was no coincidence
From
Joseph Pereira@1:103/705 to
All on Tue Feb 3 06:13:45 2026
The enormous silver drop last Friday was no coincidence. It was a massive scam by the banks and silver exchanges.
The reason they had to intervene?
Several large banks, in particular, had a substantial short position in the paper silver market and were literally facing tens of billions in losses. That would have jeopardized the very existence of those banks (including JPMorgan). Think of a 2008 scenario.
They couldn't let that happen.
So, just before the futures contracts expired, they crashed the silver price. They did this by creating additional supply AND literally closing the exchanges. For example, the London metals exchange closed last Friday. Supposedly due to a technical problem. What a coincidence! At that moment, the HSBC system also went offline. At the same time, the margin on leveraged products was increased in Chicago. What a coincidence that all of this happened simultaneously!
So there was supply, but no one to buy it. So the prices crashed. This had nothing to do with trading. It's simply fraud on a massive scale.
This whole situation clearly demonstrates that trading is fine, as long as the banks make money. Just as we see the survival of the fittest everywhere in politics, it's now the same in trading. The rules apply to everyone except the few most powerful banks in the market. They make their own rules, as they see fit. That's what happened!
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