Tuesday, July 19, 2016

Equity Markets After Brexit - 
Stocks, Bonds, & 3 Digit Silver? 
John Rubino* worries when the money bubble bursts, money wll be taken out of many types of markets .. "we are creating he conditions for an epic financial crisis" .. 47 minutes

1 comment:

Anonymous said...

The Greatest Lie Ever Told
Theodore Butler
| July 18, 2016

In my case, the lightbulb that went off in my head when I first uncovered the COMEX silver manipulation 30 years ago had to do with the size of the total open interest in COMEX silver being so out of whack with all other commodities in terms of world production. It was years later, in the mid-1990’s, that I uncovered that the key feature was not just the size of the open interest, but in how few in number were the traders who were short. That’s the key and because I began to press the CFTC on the specific issue of concentration on the short side of COMEX silver, this is what led to greatest lie in the history of market regulation.

Because the issue of concentration is at the core of market regulation, whenever I wrote to the agency about the matter, particularly if great numbers of readers joined in, the CFTC was, in essence, forced to respond. In fact, not only did the agency respond to my concerns about the short side concentration in COMEX silver on more than one occasion, it also did so in public releases, both in May of 2004 and 2008 in separate 15 page letters. Of course, the CFTC vehemently denied on both occasions that there was any manipulation as a result of a short side concentration in COMEX silver futures.
Far from resolving the matter, the issue of concentration has never been more important than it is today, because the concentrated short position in silver (and gold) has never been larger than it is currently. But let me deal with the greatest lie ever first.