Silver

UPDATE: -> Silver Price Setup Attempts To Plummet -> Massive Manipulation: We Are At The CUSP!

Silver & Gold Physical Supply At Central Banks Flashing Red, COMEX Delivery Rate Flashing Red ~ Paper Claim For Gold & Silver Now Worthless ~ The Short Squeeze Is Now Upon Us!!

Federal Reserve’s Fear Of The Silver Bullet: Slashing Rates Is Just More Talk!

Silver & Oil ~ Get Ready Folks: Without Paper Money We’d All Be Rich.

As The World Burns What Happens To Silver?: We Are Awake Now With The Notes Of Caution!

Silver & Gold Being Shut Down ‘For Awhile’ For Currency Revaluations!

Mafia Manipulation Of Gold & Silver Is Over!

UNPRECEDENTED Shortages Of Ammo, Physical Gold And Physical Silver: President Putin, “America Don’t Give Up Your Guns!

US Mint Sells Out Of Silver: 1 Million Silver Eagles On Monday Alone ~ U.S. Mint Runs Short!

Silver Update: MOST Important Thing You Can Do As An American, Is To Buy PHYSICAL SILVER And Remove It From Their System.

The (Current) Silver Charts Are The Barometer Of NWO Desperation: Conundrum Of Lower Purchasing Prices For Americans While Attempting To Scare The Market Into Selling!

Breaking => Precious Metal Wars Begin: U.S. Mint Raises Silver Prices To $62.95 Per Ounce ~ Corrupt Banker’s COMEX Artificially Squeezes Silver To $28.89 Per Ounce!

Golden Secrets Of Silver!

Silver: Criminal History In The Making ~ With Silver Not Being Mined ~ Gold Is 5Xs More Abundant Above Ground Than Silver!

Silver Market Rigger Jack Lew:

U.S. Treasury Mint Runs Out Of Silver: Silver Is The Achilles Heel Of The Corrupt Banking Paradigm!

IRA/401k Confiscation Coming: Cash Out & Get Outside Of The System & Into Gold & Silver!

U.S. Treasury Mint Runs Out Of Silver: Silver Is The Achilles Heel Of The Corrupt Banking Paradigm!

Obama Hires Precious Metals Hitman: Silver Market Rigger Jack Lew:

Sales By US Mint Of Silver Outpaces Gold By +50 to 1: Silver WILL Bring The Banking Cartel To their Knees!

Banking Cartel Struck Again On Friday September 21, 2012: They Sold 62.5 Million Ounces Of FAKE Paper Silver To The Comex aka; Auction House!

Silver Is The Achilles Heel Of The Corrupt Rothschild Banker’s Paradigm: J.P. Morgan Does Not Want You To Buy Silver!!

The Collapse Of The Richest 1%’s New World Order ~ Silver Taking Down JP Morgan.

During Hyperinflation [The Paper Shuffle] Your Assets Can Become Liabilities: The Silver Bullet!

Corrupt GOP Establishment Fears Ron Paul Upset At The Presidential Nominee Convention ~ Silver To Shortly Quadruple.

Presidential Candidate Ron Paul Calls Out The Banksters Fraudulent Money Circulation: Silver {IS} Bringing Down The NWO’s {J.P. More Gone} Bank ~ Which {IS} Almost Gone!

Silver Set To Bring Down Rothschild’s Cronie Capitalism

Ron Paul Holding The ‘Silver Bullet’ That Will Bring Down Bernake’s Private Cabal ~ The Federal Reserve!

Bernake Smack-down Retaliation From Last Wednesday: Ron Paul Exposed Real Silver vs Paper Silver aka; ‘Derivative Silver’

Silver Update: Kavakoli ~ Expect Thousands Of Felony Indictments!

Chinese Silver Investments Going Ballistic: When 1.3 Billion People Start Investing In Something…You Might Want To Start Paying Attention.

Buy Silver To Crash J.P. Morgan Who Is Trying To Crash The U.S. ~ Why? So They Can Hide Their Counterfeit Money aka; ‘Derivative Paper Debt’

Silver Update: Last Warning To Take Possession Of Physical Silver.

Silver ~ London Banker’s Scared: People Dumping Their Paper To Take Possession Of Silver ~ This Will Cause The NWO Banksters To Produce REAL Cash W/O The Ability To Hide Behind Fraudulent Derivative Paper.

Federal Reserve Sold Short Term Securities For Long Term Securities: Bracing For Long Term Slow Down: Silver’s Seismic Events, Shorts Sell ~ Long Termer’s Buy In September!

Hugo Chavez Takes On Rothschild ~ Welcome To The Gold & Silver Liberation Army!

Federal Reserve About To Get A Punishing Lesson: No One Should Own Stocks For The Next Two Years ~ Silver & Gold To Set Standard.

America’s Antidote & Powerful Tools To Bankrupt Rothschild Banksters: Silver, Glass Steagall Act H.R. 1489, & The 25th. Amendment!

financialization-foreclosure-crooked-banksters

TWO BANKS MUST GO AWAY TO SAVE OUR LIBERTY!

TWO BANKS control the price of silver.

TWO BANKS control the fate of our monetary system.

TWO BANKS are behind the curtain pulling the silver manipulation levers.

TWO BANKS have control over a nation that was founded by “We the People”.

Citibank & JP Morgan

Bix Weir
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The silver markets are rigged. Every day. Every trade. Every option. Every derivative. The silver markets have been rigged since the early 1970′s when Alan Greenspan introduced computer market trading systems to the world beginning the long term commodity market rigging operation.

http://www.roadtoroota.com/public/101.cfm

Since that time there has not been a day when the silver markets have been “freely traded”. Nobody, and I mean NOBODY, knows the true “Fair Market Value” of silver!

But like all price suppression schemes, the silver manipulation must come to an end and we are on the brink of that moment. The only remaining question should be “What is the true value of silver in terms of money?”

First a little background to set the stage.

Computer Commodity Trading

Beginning in the early 1970′s, computers were introduced to control the order flow in financial markets. Order processing was drastically changed with the New York Stock Exchange’s “designated order turnaround” system (DOT, and later SuperDOT) which routed orders electronically to the proper trading post to be executed manually, and the “opening automated reporting system” (OARS) which aided the specialist in determining the market clearing opening price (SOR; Smart Order Routing).

Today we have algorithmic trading, auto trading, algo trading, black-box trading, robo trading…and the list goes on. Algorithmic Trading is widely used by pension funds, mutual funds, and other buy side institutional traders, to divide large trades into several smaller trades in order to manage market impact, and risk. Sell side traders, such as market makers and hedge funds, claim to provide “liquidity to the market”, generating and executing orders automatically. In “high frequency trading” (HFT) computers make the decision to initiate orders based on information that is received electronically, before human traders are even aware of the information.

Over the years computers have played an increasingly important role in everything related to our “free and open market system” such that today’s financial markets CANNOT function without computers. The Federal Reserve, US Treasury, Wall Street insiders and the Exchanges were all instrumental in the integration of computers but they also gained access to secret trading information before the order hit the open market. This information coupled with the fastest computers on earth made market manipulation easy.

This power, the power to control markets, was too much for anyone to resist. Over time those who were given the official key to the back office operations have used and abused their position to its manipulative fullest. Although some of the time they used this power in an official capacity (for the good of the country), more often than not it was used in an unofficial capacity… for the good of themselves.

Bernie Madoff, the ex-head of the NASAQ, was a great example of this public to private transition as his private trading firm was all computer algorithm based market rigging operations. There are many other ex-Exchange/Wall Street officers that went on to open computer trading operations. Many continue to thrive such as EWT, LLC which became a dominant trading/market making firm using “state-of-the-art technology and algorithmic models”. EWT was founded by Vincent Viola (ex NYMEX Chairman) and David Salomon (reported to Robert Ruben at Goldman Sachs) and are also an “Authorized Participant” in the iShares Silver ETF (SLV).

Are you beginning to see the problem? He who has the biggest, fastest and smartest computers (or programmers) can set the price and will ALWAYS WIN! No longer is there any kind of true supply/demand factors related to commodity exchanges or prices. Computer trading should be outlawed…the convenience and efficiency it provides does not offset the detrimental effects and potential for total and complete market manipulation.

CFTC Created to Cover Up the Manipulation

When the computer rigging programs were implemented there needed to be some kind of cover to ensure secrecy and maintain a false confidence in free markets. In 1974 Congress passed the Commodity Futures Trading Commission Act that overhauled the Commodity Exchange Act and created the CFTC as an independent agency with powers greater than those of its predecessor agency, the Commodity Exchange Authority.

From that moment the CFTC has been run by board appointees that showcased a revolving door of Wall Street insiders ensuring that the computer market rigging operations were not interfered with. The only notable exception is Brooksley Born who was fired by President Clinton when she found out the truth about our supposed “free markets” and tried to warn everyone. (see The Warning)

http://www.pbs.org/wgbh/pages/frontline/warning/view/

Listen to Brooksley Born explain the problems in her own words when she accepted her JFK Profiles in Courage Award in August 2009.

http://www.youtube.com/watch?v=0dVcic7czQ8&feature=channel

A while back I gave up my fight against the CFTC as I determined that they were NOT protecting the best interest of the investor but rather they were protecting the computer market rigging operations and the people involved. Here is one of my last articles on the subject:

Road to Roota III — Who’s the little man behind the curtain?

http://www.roadtoroota.com/public/133.cfm

Now that you have some background let’s get back to $8,500 Silver!

Historically, when any price rigging operation stops the violence of the ensuing price changes are determined by the length and scale of the manipulation as well as the underlying fundamentals of the item being rigged. Take for example the famous 1980′s case of the Hunt brothers trying to corner the silver market. From early 1974 the Hunt brothers started accumulating silver which ultimately drove the price from $6/oz to $50/oz until January 21, 1980 when the CFTC finally pulled the plug on their operation. Within 2 months the price of silver plummeted from $50/oz to $10/oz and the silver price was back under control of the US Government and Banking Cabal. An excellent account of what transpired can be found here:

http://www.gold-eagle.com/editorials_04/laborde012704.html

This account shows what can happen to the price of a manipulated commodity when the price manipulation is ended. In the case of the Hunt Brothers the manipulation lasted 6 years and involved approximately 130M oz of physical silver and 90M oz of COMEX silver contracts. This was an attempt at a Long Silver price manipulation but it was going on while the Short Silver Official manipulation was going on trying to keep the price down. The only way the Hunt’s accumulated so much silver without the price heading into the many thousands of dollars was the official computer price suppression operation.

The manipulation was ended when the CFTC stopped all COMEX Silver purchases and allowed only silver liquidation sales instantly driving the price down. In 1980 the US Government held 3B oz of silver and in order to maintain the lower silver price levels they sold the entire stock of silver into the market over the next 25 years. That excess supply combined with other governments divesting their silver was enough to continue the price suppression scheme for almost 40 years. That supply is now gone.

One Bank has the Hot Potato

So here we are 40 years after the official manipulation of silver began and the world is finally awakening to the situation. The CFTC, having investigated silver manipulation allegations twice previously, has had an open investigation into silver market manipulation for over 3 years. They have even stated that the investigation was moved to the “Enforcement Division” within the CFTC which pretty much tells you what the conclusion of the investigation revealed. The FBI has separately stated that they are investigating JP Morgan for silver market manipulation.

These two facts and the absolute SILENCE from JP Morgan were strong indicators that the long term manipulation of silver was about to end but on April 5, 2012 JP Morgan broke their silence about silver manipulation. The “Wicked Witch” of silver, Blythe Masters, (the head of JPM Commodities and the creator of the mammoth Credit Default Swaps complex) came on a scripted CNBC interview and denied that JP Morgan manipulates the silver price.

JPMorgan Not Speculating on Commodities: Blythe Masters

Of course she is lying through her teeth when she claims that JP Morgan only has neutral positions. The obvious “tell” is that JPM booked almost $3 BILLION in revenue from their commodities division in 2011! Either they have the highest commission structure in human history or she is LYING THROUGH HER TEETH! As a matter of fact, Blythe’s boss Jamie Dimon recently claimed that they need to get rid of the Volcker Rule so they can continue to offer their customers THE LOWEST prices possible…

Dimon on Price Wars, Volcker Rule, Stock Prices

Here’s the specific quote just over 2:00 into the piece: “When the client calls up JP Morgan, if we don’t give them the best price then we don’t get the business.”

So tell me Blythe…how did you make $3B off your commodity clients by offering them “the best price” and NOT trading for your own book?!

Looks like Blythe has cracked the age old secret for turning lead into gold…PILE ON THE PAPER DERIVATIVES!

*The REASON that Blythe gave this interview is that they are about to be BUSTED for silver market manipulation and she is trying to start the defense early…nice try Blythe but you are about to be MELTED!

Ted Butler of Butler Research has been exposing the official manipulation of Silver for the past 25 years. His research was instrumental in exposing the gold/silver leasing operations and the massive concentrated short positions in both gold and silver. On September 3, 2008 Butler published a report entitled Fact Versus Speculation where he showed how one bank, JP Morgan Chase, took over the Bear Stearns Silver COMEX Short position of 30,000 contracts or 150M oz.

http://www.investmentrarities.com/ted_butler_comentary09-02-08.shtml

Since this report was published JP Morgan has continued its silver market rigging antics in an effort to get out of this precarious short position. After Butler exposed JPM as the culprit there have been wild orchestrated swings in the price of silver as JPM attempts to cover their massive COMEX short position. The price of silver has risen from $13 to currently over $30 in this time frame and the size of the short position held by JP Morgan has gyrated wildly between 30k and 40k contracts as they desperately try to shake the longs to cover their shorts. But even with this rise in price the short position is STILL around 30k contracts according to the CFTC’s latest Bank Participation Report.

http://www.cftc.gov/dea/bank/deaOct12f.htm

Add to this various silver market manipulation tools such as naked shorting silver ETF’s, falsifying COMEX warehouse data, unallocated silver, leasing and swapping metal and you have a situation that dwarfs the Hunt brothers case.

Of course, JP Morgan is no ordinary bank because they are also the LARGEST derivative holder in the WORLD at over $75 TRILLION! Do remember Warren Buffett calling derivatives “Weapons of Mass Financial Destruction”? Well, JP Morgan holds the mother load when it comes to silver too with over $18+ BILLION of Silver derivative contracts!

http://www.occ.gov/topics/capital-markets/financial-markets/trading/derivatives/dq212.pdf

(OCC Report table 9: Classified as “PREC METALS”… might be a little platinum but not much).

UPDATE: In 2012 a NEW BANK has been added to the Silver Market Riggers and that would be Citibank as evidenced in their adding $9B in silver derivatives since January!

Here’s the data from the OCC…

On December 31, 2011 Citibank holds $44M in Silver Derivatives (Table 9: “PREC METALS”)

http://www.occ.gov/topics/capital-markets/financial-markets/trading/derivatives/dq212.pdf

On June 30, 2012 Citibank holds $9.5B in Silver Derivatives (Table 9: “PREC METALS”)

http://www.occ.gov/topics/capital-markets/financial-markets/trading/derivatives/dq411.pdf

At $30/oz silver the JPM $18B silver derivative position is representative of over 600M ounces of paper silver.

COME ON PEOPLE! I’m starting to think my $8,500/oz silver call is too conservative!

What’s going to happen when the SILVER derivative monument comes crashing down?

Here’s where I get to $8,500 per oz for silver.

1) I know silver has not been freely traded in 40 years so today’s price if irrelevant.

2) I, like many, estimate there is only about 1B ounces in above ground physical silver for investment purposes.

3) I, like many, estimate there is only 5B ounces of above ground physical gold for investment purposes.

4) If the price of gold is not manipulated, like the banks claim, then the price of silver should be 5x the price of gold due to its supply/demand fundamentals.

CONCLUSION: The price of gold is around $1,700/oz so the true Fair Market Value of Silver should be around 5x the price of gold or $8,500/oz in a FREE market!

It’s simple, if you remove ONE or TWO BANKS from the supply side of the equation, the price of silver will SKYROCKET overnight.

TWO BANKS control the price of silver.

TWO BANKS control the fate of our monetary system.

TWO BANKS are behind the curtain pulling the silver manipulation levers.

TWO BANKS have control over a nation that was founded by “We the People”.

TWO BANKS MUST GO AWAY TO SAVE OUR LIBERTY!

banks-monopoly-graphic

Citibank & J.P. Morgan

May the Road you choose be the Right Road.

Bix Weir
www.RoadtoRoota.com

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