is waking up to the silver manipulation story...FINALLY!
mechanisms of manipulation are being exposed. Those silver short
"hedges" held by JP Morgan, Citibank and HSBC are a ridiculous
house of cards supposedly justified by the following physical silver:
LBMA Warehouse silver
COMEX Warehouse silver
4) Hedged Pasqua-Lama & San Cristobal future production
Silver Wheaton royalty streams
refiner and smelter silver inventories
8) Hedged jewelery manufacturers
retail bullion dealers
mystery hedges on mystery silver bullion
to our good friend (ha!) Jeffrey Christian there's about 3.3B ounces of
physical silver that are hedged...at least that's what he said at the 2012
does this really mean? Most legitimate hedges are closed out at the end of
their term as they are set up to hedge against price fluctuation risk over a
specific period of time. Clearly, there is little reason to go in and out of
legitimate hedges that are mitigating price risk on owned metal unless
physical metal is added or subtracted from inventory. So not all of the 3.3B oz need be hedged multiple times during the year. Sure,
there are legit "traders" out there but they gain legitimacy ONLY
due to the real market participants who are hedging the price of their owned
my question: If only 3.3B oz of physical silver are
available for legitimate hedging why is the COMEX trading at volumes of 100B oz per year? And how in the WORLD does the LBMA
"transfer" over 130B ounces of PHYSICAL silver every year?
something is very wrong when people like Jeffrey Christian claim that
"hedging" at these volumes EVERY YEAR is legitimate.
eye on Pasqua-Lama, San Cristobal and other silver
mines that are being relied upon to deliver physical silver into forward
silver sales contracts...Governments have a funny way of hanging onto their
TRUE wealth when economic troubles start.
wealth of every nation lies in their soil, not in their bank vaults."
Road you choose be the Right Road.
PS - I
have posted this article with a very appropriate graphic on the website :-)