Private Advisors Group sold $1.2B in SLV-Q1 2022-after buying roughly same amount in Q4 2021
The daily #s on the COMEX Ag contracts has been dropping since May 13 so this made me go look up the entity that was responsible for the rise last year -because they were due to file a 13F-HR soon...well they did. Here is the result
Some Ag (SLV) news here: And the third-party manipulator outside of the four Zombie Banks-Private Advisors Group uncovered as a big net-seller of SLV for the second time in 12 months. Private Advisors Group who had increased it's position in SLV by 1104% in Q4 2021-see below linky has now dumped almost ALL of it in Q1 which amounts to 95% of it's position in SLV (-$1.2B)You want to know what has caused the drop is Ag?....there it is.
'They were a net seller of stock that totaled $1.5B and SLV was the bulk of it at $1.2B. There biggest holding is Apple and this (SLV) was it's biggest holding at the tiome of filing for Q4 2021-it's now only at $63m-cap #1, 2They had amassed a big position in this in Q1 2021 and the CFTC came 'a calling and basically told them "that's enough you don't need that any longer" so they sold it. Now seeing how successful that was -because they obviously shorted it prior to the sale they did it again starting in Q4 2021 and have now sold that position
https://stockzoa.com/fund/private-advisor/
See this as CFTC chair openly admits "tamping down" Ag prices
CFTC Chairman, Rostin Benham, openly admits to allowing manipulation of the silver futures market against retail investors. Chris Marcus is SUING the CFTC for their blatant betrayal of the free market
https://silverinvesting.org/r/silver-bullion-images/cftc-chairman-rostin-benham-openly-admits-to-allowing-manipulation-of-the-silver-futures-market-against-retail-investors-chris-marcus-is-suing-the-cftc-for-their-blatant-betrayal-of-the-free-market/
This is a perfect example of the cart leading the horse-how this is 'supposed to "work": ProTip it: doesn't but lets just say they actually do this: that for every purchase of SLV 1 oz of Silver needs to be bought and placed in the Vault located at the custodian-JP Morgue-consequently every sale represents 1 oz of Silver that is supposed to leave the vault.The biggest risk SLV poses for the silver market is the vast additional supply it could add if stock investors start dumping it faster than silver
Exactly what Private Advisors did in the last Quarter to the tune of $1.2B
So you have a situation where $1.2B worth of SLV was sold in Q1 2022 by this Institution and you can see the corresponding drop in SLV price action that reflects that-cap #3. Most of these "purchases" consist of buying COMEX contracts 1 contract =5k ozs and they use these to say that the Ag they have to purchase for every buy of SLV is how that mechanism is satisfied. So if you want the price of any commodity to move in any direction you can simply make a large purchase or sale in the tracking product and that triggers buys/sales in the paper mechanism via the CME Group COMEX trading platform to influence the price of, in this case Silver. The spot price of AG (and all Commodities) are nothing moar than a reflection of that paper process of buying/ selling contracts-NO physical metal or any of the commodity -with few exceptions -Lithium being one) changes hands as a result of COMEX contract sales/buys.
SLV was born in late April 2006, so it is relatively young as far as exchange-traded funds go-just like the entire ETF mkt that grew like weeds they want you in the tracking products not the actual Phyzz metal.
This is what caused the run up in Ag prices starting in early 2021 it was NOT the Reddit Silver Group-although they did raise the awareness of this entire decades long manipulation scheme.
Private Advisors Group who had increased it's position in SLV by 1104% in Q4 2021-see below linky has now dumped almost ALL of it in Q1 which amounts to 95% of it's position in SLV (-$1.2B)You want to know what has casued the drop is Ag?....there it is.
https://stockzoa.com/fund/private-advisor/
>>128880 pb Private Advisors Group-amassed a huge position in SLV (Blackrock Ag ETF) last year and then sold it off they are back nao
Also see the Authorized Participants-cap #4 and at the bottom is Virtu Financial-the BIGGEST and Slimiest Market Maker Rigger across all markets.
Virtu Financial is an American company that provides financial services, trading products and market making services. Virtu provides product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology and two-sided quotations and trades in equities, commodities, currencies, options, fixed income, and other securities on over 230 exchanges, markets, and dark pools. Virtu uses proprietary technology to trade large volumes of securities. The company went public on the Nasdaq in 2015
https://ir.virtu.com/investor-relations/default.aspx
iShares-SLV information
BlackRock Asset Management International Inc The original sponsor of the trust.
BlackRock Fund Advisors -Owner of iShares trademark
HSBC -Previous Sub-Custodian Was a sub-custodian from an undetermined date until early 2010.
Johnson Matthey UK -Was a sub-custodian from about 10 Mar 2011 to 21 Jan 2013. JM was purcahsed by Asahi in 2015
Asahi Holdings completes purchase of Johnson Matthey Gold and Silver refineries
https://www.asahirefining.com/news-events/news-2/
Organization
iShares® Delaware Trust Sponsor LLC
Patrick Dunne - President, CEO, Director, Jack Gee - CFO, Philip Jensen - Board, Peter F. Landini - Board, Peter F. Landini - Board, Manish Mehta - Board
Receives the 0.50% annual fee. Assumes admin and marketing expenses (trustee's fee, custodian's fee, NYSE Arca listing fees, SEC registration fees, printing and mailing costs, audit fees, and up to $100,000/year in legal fees. The Sponsor does not oversee day-to-day operations of the trustee or custodian. The Sponsor can also replace the trustee in certain cases, and has the right to approve any new or additional custodian the trustee wishes to appoint.
Trustee-The Bank of New York Mellon
Responsible for the day-to-day administration of the trust. This includes processing orders for the creation and redemption of baskets, coordinating the receipt and delivery of silver, calculating the NAV, selling the silver to cover expenses, and preparing financial statements. Only the trustee can authorize the custodian to release silver. They are paid by the Sponsor, and get paid $500 for each basket deposited or withdrawn. They can appoint new or additional custodians in certain cases.
Custodian -JPMorgan Chase Bank N.A., London branch
Responsible for the safekeeping of the silver. Appointed by the Trustee. The custodian receives and holds silver that is deposited for the account of the trust, and release the silver only when instructed in writing by the Trustee. The custodian may use sub-custodians. The custodian must use reasonable care, and is responsible for loss in the case of negligence, fraud, or willful deceit. They operate the "JPM London V" and "JPM New York" vaults** that hold SLV silver.
** JP Morgue was given approval for a vault to 'hold' the Ag for this in record time-in a process that normally takes up to and over a year this was submitted and approved in under 2 months iirc-this was not long after they had the legacy Silver Short the was blowing up Bear Stearns placed via the $10 (was $2 at first) "purchase facilitated by the NYFRB.
Sub-Custodian -Brinks
Runs the "Brinks London" and "Brinks London A" vaults that hold silver for SLV.
Inspectorate- Audits the silver in the vaults about every 9 months.
http://about.ag/SLV/WhosWho.htm
This was posted in QR but has fallen off the Catalog
Here is the latest O.C.C. derivative report that shows Bank of America and JP Morgue with the Silver lease/Swap arrangement #s. Bank of America has been using the COMEX EFP (Exchange for Physical)-which is NOT an exchange of contracts for Physical metal is is an exchange of contracts for a cash payment
>>131558 O.C.C Quarterly Derivatives Report Q4 2021-March25th, 2022-Silver derivatives increase BofA/JPM abut equal on opposite sides of the trade-Glodman SAchs and Shitigroup play here but in smaller quantities-I think Shitibank takes the short side while Goldman the long -and these two are to 'mop up' anyy additional issues that Bof A and Private Advisors were unable to contian-along with JP Morgue wo continue to trade physical out of there desk but are banned from doing so.
These numbers will not be updated until a few days before the end of the Second Qtr-late June and will reflect Q1 2022.