Here it is folks. The smoking gun delivered on a silver platter (pun intended) at the CFTC meeting on PM position limits.
This argument is settled. They admitted manipulation. This is a must watch.
Reference the guy in the 2nd vid, Christie (I think is the name), 'snake-oil' salesman comes to mind.
Paper hedging paper...
China Russia etc buying metals and taking physical delivery.... risk is there will come a time of failure to deliver..
"Stop the ponzimonium.. this is a ponzi scheme". PONZIMONIUM (great word for our times)
I mean wow... If the paper trade is 100x bigger than the physical market, isnt it now logical that any metals purchased from the LBMA (if you actually want gold) everyone will be wanting physical delivery??? Is this the first time the fractional reserve accounting of the LBMA has been formally recognized for "unallocated accounts" as being an "unsecured creditor"?? Iam in shock!!.. But hey i shouldnt be surprised as i learn the true criminal nature of these types of events/ fraud every day..
Oh well i suppose its OK its been happening for decades.. Yeah theres never been a problem in the past.. HaHa
The message from anyone in the biz now will be at fever pitch... "TAKE PHYSICAL DELIVERY... GET OUT OF PAPER NOW"
Is the mechanism entailed in this manipulation similar to the naked shorting of financial stocks that occurred in 2008? Also, do you know if the SEC ever banned naked short selling ?
Thanks for your time...Jeff
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