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Home>GoldWire>Zero Hedge: Citigroup just cornered the silver market

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Zero Hedge: Citigroup just cornered the silver market

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Chris Powell

GATA

Published : July 06th, 2015

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FOLLOW : Citigroup Federal Reserve Gold Market Precious Metals Silver

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Category : GoldWire


	Zero Hedge reports tonight that further analysis of the latest quarterly report of the U.S. Office of the Comptroller of the Currency discloses that precious metals derivatives, excluding gold, held by Citigroup have exploded and that the investment bank likely has cornered the silver market, which likely explains the metal's failure to respond to the international financial turmoil, just as gold has failed to respond to it. The big question, Zero Hedge notes, is: Who is Citigroup's counterparty? Here's betting the U.S. Treasury Department and Federal Reserve know but won't be telling. Zero Hedge's report is headlined "Citigroup Just Cornered the 'Precious Metals' Derivatives Market" and it's posted here: http://www.zerohedge.com/news/2015-07-04/why-...precious-met...

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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