Wynter Benton, the anonymous blogger on Yahoo Finance’ JPM page (who claims to be a group of former JP Morgan commodities traders under Blythe Masters and accurately forecast numerous silver moves in early 2011) re-emerged today after an 11 month hiatus.
Benton claims that the Oct 31st 2011 take-down of MF Global was SPECIFICALLY designed to prevent the group of former JPM traders with a chip on their shoulders against their old boss Blythe Masters from taking delivery of a massive amount of physical silver and breaking JP Morgan’s massive naked short silver position.
Benton also claims that JP Morgan’s $36 silver derivative time-bomb is still in effect, and states that the ex-JPM traders have re-grouped, and that silver WILL trade above $50 before Dec 31, 2012.
Click here for Wynter Benton’s latest message regarding JP Morgan’s silver problem
Bullish!
Guess we’ll see. I’m not going anywhere. Where is there to go, not like there is an other planet I can move to.
I have no doubt silver will break $50 in the near future. The question is: will it stay there?
According to the Mayan Ninth Wave the price of Silver will hit $40 before the winter solstice and with all the volcanoes the price of oil will hit $120
Anon bubble blowers in full effect.
I can see $40+ but not $50. =you still have a rigged market that they can pull the carpet from underneath you at any time.
If it does hit $50 (long-term) it will easily move above that to $60/70/80+. -But for that to happen JPM/HSBC will need to collapse.
This is a good time for stackers. And with the volatility you need to BTFD. SLA in the house taking out the fiat criminals Oz-by-Oz.
Gee , isn’t that nice…how about $ 550.00 per ounce where it should be ?!!
F-in shiesters have got most peeps excited over a price that’s still grossly manipulated.