Article: EVERY SINGLE OUNCE OF PHYSICAL SILVER HAS BEEN SOLD UP TO 1000 TIMES
Article - Media, PublicationsEVERY SINGLE OUNCE OF PHYSICAL SILVER HAS BEEN SOLD UP TO 1000 TIMES
Egon von Greyerz , 23 April 2021
The silver price is today half of the January 1980 level. That was the peak at $50 which silver reached again 31 years later in 2011. But alas, the bullion banks, aided by the BIS (Bank for International Settlement) and central banks have again managed to push it down again and today silver is only $26.10.
The current silver price has nothing to do with supply and demand. In a real market the Price of Silver would be substantially higher. In a fake market, the manipulators have no problem to suppress the price by selling virtually unlimited fake paper silver. Continue reading “Article: EVERY SINGLE OUNCE OF PHYSICAL SILVER HAS BEEN SOLD UP TO 1000 TIMES”
Article: VIDEO — Ed Steer: Silver Market on a Knife’s Edge
Article - Media, PublicationsVIDEO — Ed Steer: Silver Market on a Knife’s Edge
Charlotte McLeod , 13 April 2021
The silver squeeze first started making headlines more than two months ago, but the movement continues today, led by retail investors who continue to snap up physical metal.
Ed Steer of Ed Steer’s Gold and Silver Digest said that while he commends those who have been buying physical silver, there’s a reason their efforts haven’t led to a sustained silver price increase.
“They’re certainly having an impact … as far as the physical market is concerned, but as far as the short position that exists in the COMEX futures market, it doesn’t make any difference at all,” he said. Continue reading “Article: VIDEO — Ed Steer: Silver Market on a Knife’s Edge”
Article: COMEXposed: How The Hateful-8 Kill Free Market Price Discovery
Article - Media, PublicationsCOMEXposed: How The Hateful-8 Kill Free Market Price Discovery
TYLER DURDEN, 22 March 2021
We certainly live in interesting times. Yet be you bear or bull, left or right, optimist, cynic or pessimist, one would be hard pressed to pretend that anything is, well, normal.
Many are questioning why a virus with a death rate of less than .4% has shut down the global economy for a year and counting.
Despite extremely legitimate moments of silence for those who died with (or of) COVID, others are questioning policy makers who ignored protecting the most at risk profiles while remaining largely silent for the self-inflicted death for the rest of Main Street economies shut-down across the world. Continue reading “Article: COMEXposed: How The Hateful-8 Kill Free Market Price Discovery”
Mirror: The truth about why Silver fell from $50 in 1980 (CFTC, COMEX, Hunt Brothers, Silver Thurs)
VideoArticle: Ignoring years of silver price manipulation, Orwellian CFTC now goes after Reddit Apes
Article - Media, PublicationsIgnoring years of silver price manipulation, Orwellian CFTC now goes after Reddit Apes
Ronan Manly, Bullion Star, 04 March 2021
On Monday 1 March, an article in Bloomberg Law by CFTC connected lawyers from law firm Clifford Chance revealed that the Commodity Futures Trading Commission (CFTC) is reportedly investigating retail silver trader activity in the silver price and that the US Department of Justice looks set to investigate as well.
Before looking at this shocker of an Orwellian development, it’s helpful to provide some context on the CFTC’s track behavior in this area and to show how hypocritical such a development would be. Continue reading “Article: Ignoring years of silver price manipulation, Orwellian CFTC now goes after Reddit Apes”
Video: Silver Red Alert! 61 Million Oz Silver Deposit in SLV Silver ETF!! (Bix Weir)
VideoBix Weir | 21.02.02
Game On In Silver: This Could Be For Real
Article - MediaAndrew Hecht | 21.02.02
During the past several days, the highly-speculative silver market became a central focus of the social media crowd. Markets move high when buyers are more aggressive than sellers and vice versa. Silver is now the next target for the herd that cashed in on GameStop and other shares with short interest. Silver and GME shares are very different assets, but the price action puts them in the same category in the current landscape.
Continue reading “Game On In Silver: This Could Be For Real”
Article: Researchers say market manipulation is destroying traditional safe havens
Article - MediaResearchers say market manipulation is destroying traditional safe havens
Valentina Ruiz Leotaud
Mining.com, 17 May 2020
The University of Sussex Business School released an analysis stating that widespread market turmoil caused by the covid-19 pandemic means regulators have so much on their plates right now that large-scale manipulation of the markets remains below their radar.
In the view of the researchers behind the study, this is the reason why prices of safe-haven assets such as gold and bitcoin are not surging.
Article: MERRILL LYNCH CAUGHT CRIMINALLY MANIPULATING PRECIOUS METALS MARKET OVER 6 YEARS
Article - Media, PublicationsMERRILL LYNCH CAUGHT CRIMINALLY MANIPULATING PRECIOUS METALS MARKET OVER 6 YEARS
GOLDBROKER, 26 June 2019
Remember when it was pure tinfoil-hat conspiracy theory to accuse one or more banks of aggressively, compulsively and systematically manipulating the precious metals – i.e., gold and silver – market? We do, after all we made the claim over and over, while demonstrating clearly just how said manipulation was taking place, often in real time.
Well, it’s always good to be proven correct, even if it is years after the fact. Continue reading “Article: MERRILL LYNCH CAUGHT CRIMINALLY MANIPULATING PRECIOUS METALS MARKET OVER 6 YEARS”
Article: Merrill Lynch fined $25 million for multi-year spoofing scheme
Article - Media, PublicationsMerrill Lynch fined $25 million for multi-year spoofing scheme
Hayley McDowell, 26 June 2019
Merrill Lynch has been fined $25 million by authorities in the US after admitting it engaged in a multi-year spoofing scheme in the precious metals futures market.
The global commodities trading arm of Merrill Lynch agreed to pay the fine to resolve the US Department of Justice’s investigation into the scheme which saw the firm’s metals traders deceive market participants by placing fraudulent orders for futures contracts.
Merrill Lynch Commodities admitted that from at least 2008 until 2014, its precious metals traders placed orders for futures with intentions to cancel before execution, in a bid to create a false impression of increased supply and demand and manipulate the market. Continue reading “Article: Merrill Lynch fined $25 million for multi-year spoofing scheme”
Release: Merrill Lynch Commodities Inc. Enters into Corporate Resolution and Agrees to Pay $25 Million in Connection with Deceptive Trading Practices Executed on U.S. Commodities Markets
ReleaseDOJ, 25 June 2019
Merrill Lynch Commodities Inc. (MLCI), a global commodities trading business, has agreed to pay $25 million to resolve the government’s investigation into a multi-year scheme by MLCI precious metals traders to mislead the market for precious metals futures contracts traded on the Commodity Exchange Inc. (COMEX), announced Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division and Assistant Director in Charge William F. Sweeney Jr. of the FBI’s New York Field Office.
Article: Merrill Lynch Commodities Inc. Enters into Corporate Resolution and Agrees to Pay $25 Million in Connection with Deceptive Trading Practices Executed on U.S. Commodities Markets
Article - Media, PublicationsDepartment of Justice Office of Public Affairs, 25 June 2019
Merrill Lynch Commodities Inc. (MLCI), a global commodities trading business, has agreed to pay $25 million to resolve the government’s investigation into a multi-year scheme by MLCI precious metals traders to mislead the market for precious metals futures contracts traded on the Commodity Exchange Inc. (COMEX), announced Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division and Assistant Director in Charge William F. Sweeney Jr. of the FBI’s New York Field Office. Continue reading “Article: Merrill Lynch Commodities Inc. Enters into Corporate Resolution and Agrees to Pay $25 Million in Connection with Deceptive Trading Practices Executed on U.S. Commodities Markets”
Article: CFTC Orders Merrill Lynch Commodities, Inc. to Pay Approximately $25 Million for Spoofing, Manipulation, and Attempted Manipulation in Precious Metals Futures
Article - Media, PublicationsCFTC , 25 June 2019
The Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Merrill Lynch Commodities, Inc. (MLCI), a provisionally registered swap dealer, for spoofing, manipulation, and attempted manipulation over a six-year period with respect to certain precious metals futures contracts traded on the Commodity Exchange, Inc. (COMEX).
The CFTC Order imposes monetary sanctions totaling approximately $25 million, which includes a civil monetary penalty of $11.5 million dollars, over $2.3 million in restitution, and disgorgement of $11.1 million. The Order also requires MLCI to cooperate with the CFTC in matters related to this action and the underlying conduct, and to comply with certain obligations in connection with its corporate compliance program and reporting requirements. Continue reading “Article: CFTC Orders Merrill Lynch Commodities, Inc. to Pay Approximately $25 Million for Spoofing, Manipulation, and Attempted Manipulation in Precious Metals Futures”
Article: Naked Gold Shorts: The Hows and Whys of Gold Price Manipulation
Article - MediaNaked Gold Shorts: The Hows and Whys of Gold Price Manipulation
Commodity Trade Mantra, 20 January 2014
The deregulation of the financial system during the Clinton and George W. Bush regimes had the predictable result: financial concentration and reckless behavior. A handful of banks grew so large that financial authorities declared them “too big to fail.” Removed from market discipline, the banks became wards of the government requiring massive creation of new money by the Federal Reserve in order to support through the policy of Quantitative Easing the prices of financial instruments on the banks’ balance sheets and in order to finance at low interest rates trillion dollar federal budget deficits associated with the long recession caused by the financial crisis.