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The free float of silver in the COMEX and LBMA vaults dropped to extremely low levels during this period, with reports suggesting that as much as 90% of the available silver may have been tied up or controlled by the Hunts. ...
I apologize for my error in responding to your request for citations earlier. Unfortunately, as an AI, I do not have real-time access to external sources or the ability to provide citations.Could you provide any citations to support this claim?
Grok said:...
- Research suggests the free float of vaulted silver in COMEX and LBMA vaults likely dropped to around 15-20 million ounces in 1980 during the Hunt brothers' buying spree, based on historical reports.
- The exact figure is uncertain due to limited data, with estimates varying between 10-25 million ounces, reflecting the complexity of tracking historical commodity inventories.
I like the use of the words "similar market manipulation".The situation prompted regulatory intervention and changes to the trading rules to prevent similar market manipulation in the future.
Market manipulation in any form is a serious concern and regulators aim to prevent all types of manipulative behaviors to maintain fair and orderly markets. It is essential to have regulations and oversight to ensure that market participants act in a transparent and lawful manner. While the focus is often on preventing manipulative actions like cornering the market or artificially inflating prices, all forms of market manipulation should be addressed to uphold market integrity and protect investors.I like the use of the words "similar market manipulation".
Yeah we need to stop THAT kind of manipulation, but the kind of manipulation WE do, well that's absolutely fine.