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neville
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If The Banks Try To Unwind Their Silver Short, Who Are They Going To Buy From? - Andy Hoffman - Miles Franklin

Hi Andy,
Great article.As a veteran who has followed the markets for years ,in fact over 50 years ,I have never in all those years seen a more parlous state of everything in the world .As for the stock markets of which I was a part for those 50 years ,I am utterly ashamed to have been a part of what was a gentleman's domain.....today it is a veritable hideout for rogues and thieves, In short the scum of the earth .
That said. I have noted that when selling short on either the NYSE or the TSX the rules for the said sales do not exist in fact the opposite is the case.Those institutions aid and abet the rogue traders who sell in the main naked shorts. There does not appear to be any up tick rule (this means you cannot sell short below the last trading price)
A very good case of this rogue is the dealing in Northern Dynasty the derisked mining explorer whose future has never been brighter since the obumma administration left office.
The cheats do exactly what they like sell shares created out of thin air ,sell to each other ,sell short lower than the previous trading price etc......However they have built up a short position of nearly 33 MILLION which under normal circumstances they will never get back at anywhere near profitable prices in fact the opposite is true.....They stand to lose a fortune and into the bargain take their respective companies to the cleaners. IN closing short selling is rife in the COMMODITY COMPLEX especially the precious metals and their underlying shares.
Quote of the week.....IF AMERICA INVADED HELL,THE DEVIL WOULD THROW A HUGE WELCOME HOME PARTY FOR THEM

Commented 2296 days ago

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Beginning of the headline :While there’s a lot of commentary about the large paper short position that exists in the silver market, there’s an additional factor exacerbating the situation that few have mentioned. Specifically, given the mindset of the investors that actually own silver, if the banks and hedge funds have to cover their short position, who are they going to buy the metal from? In a typical free market the price of an asset would be where there is an intersection of supply and demand. Yet consider the mindse... Read More

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