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<p>[QUOTE=&quot;heyrobert, post: 1211772, member: 31807&quot;]<font size="3"><span style="color: #000000"><font face="Times New Roman">This was and continues to be the biggest case of manipulation that I have ever seen and I’m surprised that more people are not aware of it. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /> What concerns me more than the act;&nbsp; is WHY and the potential hidden agenda behind it. I know this sounds close to “conspiracy” but here are the facts.&nbsp; </font></span></font></p><p><font size="3"><span style="color: #000000"><font face="Times New Roman"><br /></font></span></font></p><ul> <li>COMEX, originally known as Commodity Exchange, Inc., is a division of the New York Mercantile Exchange. The main focus of COMEX is options trading that have to do with precious metals. </li> <li><font size="3"><span style="color: #000000"><font face="Times New Roman">COMEX is owned by the CME Group; The CME Group is the world’s largest derivatives excahnge and handles roughly 90 percent of all futures in the United States.</font></span></font></li> </ul><p><font size="3"><span style="color: #000000"><font face="Times New Roman">When silver reached it’s high of $49.85 an ounce; <u>COMEX had </u><u><b>32 million ounces </b>of “physical” silver in their warehouses. </u> At that time there were <b>434 ounces </b><u>of “futures claims” to physical silver. </u></font></span></font></p><p><font size="3"><span style="color: #000000"><font face="Times New Roman"><u></u>Understanding their problem, COMEX issued not only a margin call, but also increased their margin requirements from 6% to 12%. This and the following short selling caused silver to drop from almost $50.00 an ounce to $32.00 an ounce in a few days. </font></span></font></p><p><font size="3"><span style="color: #000000"><font face="Times New Roman">With this new low, COMEX and a few others; most likely JP Morgan Chase and HSBC were able to significantly increase their silver holdings. In summation, my gut feeling is that those who initiated the recent drop in silver were large financial institutions unsatisfied with their current volume of holdings because of the continued slide/de-value of the US $$.&nbsp; For me personally, I have been buying as much silver coinage that I am able to; with out dipping too much into my “real money”. (Basically this means “disposable” money that my wife will not miss.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />)</font></span></font></p><p><font size="3"><span style="color: #000000"><font face="Times New Roman"></font></span></font>[/QUOTE]</p><p><br /></p>

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