It Never Ends Well for Market Manipulators
Edwin Lefèvre (1871–1943) was an American journalist, writer, and diplomat, who is most noted for his writings on Wall Street business.
Edwin Lefèvre wrote, "very few of the great corners were profitable to the engineers of them."
Market Manipulation Over Time Get’s Exposed Leading to Price Discovery
The use of false information and manipulative tactics has long been a threat to market integrity, with historical cases setting legal precedents for addressing such frauds.
One of the earliest notable examples is the case of Charles de Berenger in 1814, who manipulated the British gilt market by spreading false news of Napoleon's death. This deception led to significant profits for de Berenger and his associates but ultimately set a legal precedent for conspiracy to defraud, highlighting the dangers of misinformation in financial markets.
In more recent times, Glencore, a major energy and commodities trading firm, admitted to price manipulation in the fuel oil markets. The company agreed to pay $1.186 billion in penalties for its actions, which involved manipulating benchmark price assessments to benefit its trading positions from 2007 to 2018. This case underscores the ongoing challenge of ensuring market integrity in the face of sophisticated manipulation.
Another area of concern is the silver market on Comex, where practices like naked short selling and the proliferation of paper derivatives have distorted market dynamics.
With ratios as high as 400 pieces of paper for every ounce of physical silver, the potential for market instability is significant. However, in all these cases, a day of reckoning eventually occurs. Whether through legal penalties or market corrections, manipulative practices are ultimately exposed, leading to financial consequences for those involved and a push for greater oversight to protect market integrity. As these examples illustrate, while manipulative tactics evolve, the consequences of such actions remain a constant reminder of the importance of transparency and regulation in financial markets.
This doesn’t count yesterday’s surge. Chart by Jesse Columbo
Like the Sun in the East, Silver keeps Rising
Tavi Costa wrote, “After a healthy 5% correction, silver looks ripe for another push higher in my view. Gold continues to hold well above its critical $3,000/oz level, and I believe we could experience a major catch up in silver prices.”
Silver on it’s third breakout in past 15 years
SilverSqueeze March 31st
and Physical Silver
Retail investors are organizing a retail short squeeze (via grassroots social media movement across instagram, twitter, reddit and substack)
Yes we all know the absolute short squeeze occurs when institutional money joins in (which we are also experiencing)
Tomorrow I will be writing about insurance funds piling into silver.
SilverSqueeze March 31st
and Miners.
You may consider buying today prior to the March 31 SilverSqueeze, hint hint.
Silver Academy endorses only 3 Silver miners that are pure silver mines (not silver as by product mines)
All 3 of these picks are in production right now which contrasts with Jr Miners who advance deposits towards the goal of being in production.
We have selected our picks based on the strength of:
Their balance sheets
Their Ore grades
Their Metallurgy
Their Management talent
Their Jurisdiction.
and most importantly their volume of ounces in the ground
Silver Academy’s top 3 picks
Andean Precious Metals: TSXV: APM, OTCQX: ANPMF
The company operates the largest commercial silver oxide processing plant in Bolivia's Cerro Rico region - the San Bartolomé facility. This strategic asset has produced over 65 million ounces of silver equivalents since 2009, demonstrating Andean's significant production capabilities.
Their robust balance sheet provides the company with financial flexibility and stability in a volatile industry.
The company follows a two-pronged growth strategy, focusing on organic growth in Bolivia and expansion through mergers and acquisitions in the wider Americas. This approach positions Andean for sustainable long-term growth and diversification.
Andean has successfully extended the life of the San Bartolomé mine from eight months to potentially 10 years or more, showcasing the company's operational expertise and ability to maximize asset value.
The company is committed to sustainable mining practices and community engagement, contributing approximately $75 million annually to the local economy through wages, royalties, and taxes. This dedication to social responsibility strengthens Andean's social license to operate.
By acquiring Golden Queen Mining Company (USA), Andean Precious Metals has taken a significant step towards achieving its vision of becoming a multi-jurisdictional mid-tier producer in the Americas, while positioning itself for sustainable long-term growth
Aya Gold & Silver: TSX: AYA, OTCQX: AYASF
Featured next Monday
Aya Gold & Silver Inc. is a leading silver producer, uniquely positioned as the only pure silver mining company listed on the TSX, with a strong operational base in Morocco. The company has recently reported record revenues of $13.7 million in Q2 2024, reflecting a remarkable 42% increase from the previous year, showcasing its robust growth trajectory and commitment to maximizing shareholder value. With ongoing expansions at the high-grade Zgounder Silver Mine, Aya is set to increase its processing capacity to 2,700 tonnes per day in 2024, further solidifying its market presence. Additionally, Aya's strategic exploration efforts have led to significant mineral resource estimates, including a recent discovery at the Boumadine project, which highlights the company's potential for future growth and profitability. Committed to sustainability, Aya Gold & Silver integrates responsible mining practices into its operations, ensuring long-term value creation for its stakeholders
Kuya Silver: CSE: KUYA, OTCQB: KUYAF
Kuya Silver is at the forefront of silver mining with its dual-track strategy, actively mining the high potential Bethania Silver Mine in Peru and developing the historic Silver Kings Project in Ontario. With robust mining and exploration programs underway, Kuya is poised to unlock significant value from its assets. Kuya Silver's experienced management team, led by industry veterans, is dedicated to maximizing shareholder value through strategic growth and operational excellence. As the demand for silver continues to rise, Kuya Silver stands ready to capitalize on emerging opportunities in the market.
btw, notice then we write about silver we can do so without mentioning the word solar (sure solar is a user of silver but so is 20,000 other applications including robotics, aerospace and military)
Silver goes on its big runs when it is used monetarily (not just industrially) and I will explain this greater in detail tomorrow
end of segment
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