Silver Price is Heavily Manipulated. Should be $80 to $150 an ounce Today

Gold/Silver reserves are grossly understated. You can rest assured that the oligarchs have a higher proportion of the precious metals under their control than they do the paper market. Look how perfectly the transition to precious metal currency has been setup.

Sheeple getting played like pawns as usual.

It is well known that JPMorgan short sells gold and silver in one day equal to the entire mining production of a full year. It is all a paper scam and will soon fall with those investing in paper gold and silver as the big losers.
If you do not hold it you do not own it...

Silver Price is Heavily Manipulated. Silver should be $80 to $150 an ounce today.

Read about CFTC report for Silver manipulation for past 4 years:

The head of the CFTC

Statement of Commissioner Bart Chilton

U.S. Commodity Futures Trading Commission

Public Hearing on Anti-Manipulation and Disruptive Trading Practices
Washington, D.C.

Tuesday, October 26, 2010

I take this opportunity to comment on the precious metals markets and in particular the silver markets.
More than two years ago the agency began an investigation into silver markets. I have been urging the agency to say something on the matter for months. The public deserves some answers to their concerns that silver markets are being, and have been, manipulated.

The legal definition of manipulation under the law is a high bar to prove. It is a much different test than what the average person might consider as manipulation. Under existing law, to prove manipulation, the government is required to demonstrate not only specific intent; we also need to prove that as a result of the intent and market control, that activity caused an artificial price -- a point that can certainly be debated by economists.

Attempted manipulation is less difficult to prove -- requiring an intent to manipulate and some overt act in furtherance of that intent. There are also other violations of law that could contort markets and distort prices.

I believe that there have been repeated attempts to influence prices in the silver markets. There have been fraudulent efforts to persuade and deviously control that price. Based on what I have been told by members of the public and reviewed in publicly available documents, I believe violations to the Commodity Exchange Act have taken place in silver markets and that any such violation of the law in this regard should be prosecuted.

In saying this, I am fully aware of the prohibition from divulging trader names or information about their positions I am extremely careful not to violate the law in this, or any, regard. I also cannot pre-judge anything the agency may do with regard to our silver investigation, or any other matter.

 

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Of course it should be, the historic ratio, through hundreds if not thousands of years of gold:silver was 1:16. If that was true today, with gold at $1700, silver would be upwards of $100. Plus, gold tends to be mined and hoarded. Silver is mined and then used. Silver should be worth much much more than it is worth today.

 

This was posted 1 year back:

No silver left in town!

Look at all the central banks around the world buying physical. Look at all the hedge funds buying physical. They are not buying SLV. The RETAIL investor is messing around in SLV. The smart money is buying physical.

Look at University of texas that just took delivery of $1 billion dollars worth of physical silver.

I went out today hoping to pick up some silver and there was very little silver to be bought. One shop I went to had only 15 1-oz rounds and 1 100-oz bar.

Another shop, only 10 to 15 oz of silver. They said alot of people came in buying last week. One guy said he ordered last week and hoped to get more on friday. Another said it was a 2 to 4 week wait to get 500 ounces.

Anyone else having problems getting silver in their town?

Just called sunshine minting. They are so backlogged that they are not even taking new orders. I asked when they might take new orders and they said SEPTEMBER! Thats just to ORDER, not even receive it!

So yeah...its good to stay away from where the retail investors are going, just make sure you know 100% where those retail investors are.

Sunshine mint produces so many thousand ounces per week. Of course somebody is going to get them, but the fact that any one of us calls and tries to pick up 1k oz of silver, we absolutely can not do it. What this says is that all the big firms are buying up so much of their silver, they can not meet all the orders so they cant take any new ones until maybe september. This is also shown the limited supply when you go to the local coin shops and they cant pick up the silver. Of course the big guys will be the last to run out of silver and then thats it...demand will push the silver prices to insane levels.

 

I agree JP MORGAN CHASE and Goldman S. are manipulating the markets as I speak. But they are failing to do so otherwise silver would be still at $5/oz or lower. they can manipulate the short term trend but they CANNOT manipulate the long term trend of silver. Eventually they will not be able to cover the shorts because demand will be so strong JP MORGAN will snap because the cover will be lifted and everyone will be talking about the great silver scandal. Whether it is today or 5 years from now I do not know only time will tell.