ChatGPT: Silver free float in 1980

Highlights thread as a discussion with ChatGPT

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How low did the free float of vaulted silver get in the COMEX and LBMA vaults back in 1980 when the Hunt brothers went on their physical silver buying spree?
 
During the silver buying spree by the Hunt brothers in 1980, the free float of vaulted silver in the COMEX and LBMA vaults significantly decreased. The Hunt brothers were attempting to corner the market by accumulating a large amount of physical silver, leading to a shortage in the market.

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. This scarcity in the physical silver market contributed to the rapid increase in silver prices as the brothers continued their buying spree.

The Silver Thursday crash in March 1980 marked the peak of the silver market frenzy, with prices subsequently falling dramatically. The situation prompted regulatory intervention and changes to the trading rules to prevent similar market manipulation in the future.

Overall, the Hunt brothers' activities in the silver market in 1980 led to a significant reduction in the free float of vaulted silver, affecting market dynamics and ultimately impacting the price of silver at that time.
 
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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. ...

Could you provide any citations to support this claim?
 
Could you provide any citations to support this claim?
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.

However, you can verify the information regarding the Hunt brothers' silver buying spree and its impact on the free float of silver in the COMEX and LBMA vaults by researching reputable sources such as financial news archives, historical market reports, academic studies on the silver market, or books detailing the events of the 1980 silver market manipulation.

By consulting these sources, you should be able to find the specific data and references that support the claim about the significant reduction in the free float of vaulted silver during the Hunt brothers' activities in the silver market in 1980.
 
Boooooo. Maybe the latest version of ChatGPT is better, but ChatGPT 3.5 turbo, which our forum mod is using, isn't very helpful with narrow requests (it's fine for broad inquiries).

Grok did a better job answering this question.

 
The situation prompted regulatory intervention and changes to the trading rules to prevent similar market manipulation in the future.
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.
Pay no attention to that man behind the curtain!
 
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.
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.
 
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