AI
Monday, September 30, 2013 4:40:52 PM
Silver Manipulation
Some silver investors must think the CFTC was staffed by Japanese monkeys.
http://www.theaureport.com/pub/na/15634?utm_source=delivra&utm_medium=email&utm_campaign=FINAL+TGR+9-3013
You know the monkeys I'm referring to, from the proverb "see no evil, hear no evil, speak no evil." The first monkey (Mizaru) covers his eyes, the second (Kikazaru) covers his ears, and the third (Iwazaru) covers his mouth.
The original monkeys appeared in a carving over a door at the renowned 17th century Tosho-gu shrine in Nikko, Japan. But I think they are a good way to symbolize this regulatory ineptness. . .
CFTC's own data reveals some interesting facts. . .
Silver Price Manipulation: Facts and Frustration
According to CFTC data, Wall Street banks hold 45.6% of the entirety of the short silver futures position on the Comex exchange. But these same banks own a mere 8.7% of the long silver positions on the Comex.
Wall Street banks fluffed this off though.
They told CFTC investigators that those positions did not tell the whole story, that it's only one part of their precious metals holdings.
http://moneymorning.com/2012/04/06/the-who-how-and-why-behind-silver-price-manipulation/
Manipulation is another way of saying someone controls and dominates the market by means of an excessively large position. So, just by holding such a large concentrated position, the manipulation is largely explained. In real terms, whenever a single entity or a few entities come to dominate a market, all sorts of alarms should be sounded. This is at the heart of U.S. antitrust law. It is no different under commodity law.
Price manipulation is the most serious market crime possible under commodity law. In fact, there is a simple and effective and time-proven antidote to manipulation that has existed for almost a century, and that solution is speculative position limits. Currently, the Commodities Futures Trading Commission (CFTC) is attempting to institute position limits in silver, but the big banks are fighting it tooth and nail.
As far as any benefits the manipulators may reap, it varies with each entity. But if you dominate and control a market by means of a large concentrated position, you can put the price wherever you desire at times, and that's exactly what the silver manipulators do regularly. This explains why we have such wicked sell-offs in silver; because the big shorts pull all sorts of dirty market tricks to send the price lower.
Silver Maniplation
Some silver investors must think the CFTC was staffed by Japanese monkeys.
http://www.theaureport.com/pub/na/15634?utm_source=delivra&utm_medium=email&utm_campaign=FINAL+TGR+9-3013
You know the monkeys I'm referring to, from the proverb "see no evil, hear no evil, speak no evil." The first monkey (Mizaru) covers his eyes, the second (Kikazaru) covers his ears, and the third (Iwazaru) covers his mouth.
The original monkeys appeared in a carving over a door at the renowned 17th century Tosho-gu shrine in Nikko, Japan. But I think they are a good way to symbolize this regulatory ineptness. . .
CFTC's own data reveals some interesting facts. . .
Silver Price Manipulation: Facts and Frustration
According to CFTC data, Wall Street banks hold 45.6% of the entirety of the short silver futures position on the Comex exchange. But these same banks own a mere 8.7% of the long silver positions on the Comex.
Wall Street banks fluffed this off though.
They told CFTC investigators that those positions did not tell the whole story, that it's only one part of their precious metals holdings.
http://moneymorning.com/2012/04/06/the-who-how-and-why-behind-silver-price-manipulation/
Manipulation is another way of saying someone controls and dominates the market by means of an excessively large position. So, just by holding such a large concentrated position, the manipulation is largely explained. In real terms, whenever a single entity or a few entities come to dominate a market, all sorts of alarms should be sounded. This is at the heart of U.S. antitrust law. It is no different under commodity law.
Price manipulation is the most serious market crime possible under commodity law. In fact, there is a simple and effective and time-proven antidote to manipulation that has existed for almost a century, and that solution is speculative position limits. Currently, the Commodities Futures Trading Commission (CFTC) is attempting to institute position limits in silver, but the big banks are fighting it tooth and nail.
As far as any benefits the manipulators may reap, it varies with each entity. But if you dominate and control a market by means of a large concentrated position, you can put the price wherever you desire at times, and that's exactly what the silver manipulators do regularly. This explains why we have such wicked sell-offs in silver; because the big shorts pull all sorts of dirty market tricks to send the price lower.
Silver Maniplation
“A man cannot directly choose his circumstances, but he can
choose his thoughts, and so indirectly, yet surely, shape his
circumstances. James Allen, As a Man Thinketh
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