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Naked SILVER SHORTS (Get It??)

by Bix Weir, Road To Roota:

The world is waking up to the silver manipulation story…FINALLY!

The mechanisms of manipulation are being exposed. Those silver short “hedges” held by JP Morgan, Citibank and HSBC are a ridiculous house of cards supposedly justified by the following physical silver:

1) Hedged LBMA Warehouse silver
2) Hedged COMEX Warehouse silver
3) Hedged SLV Inventories
4) Hedged Pasqua-Lama & San Cristobal future production
5) Hedged Silver Wheaton royalty streams
6) Hedged silver producers
7) Hedged refiner and smelter silver inventories
8) Hedged jewelery manufacturers
9) Hedged retail bullion dealers
10) Other mystery hedges on mystery silver bullion

According to our good friend (ha!) Jeffrey Christian there’s about 3.3B ounces of physical silver that are hedged…at least that’s what he said at the 2012 Silver Summit.

But what does this really mean? Most legitimate hedges are closed out at the end of their term as they are set up to hedge against price fluctuation risk over a specific period of time. Clearly, there is little reason to go in and out of legitimate hedges that are mitigating price risk on owned metal unless physical metal is added or subtracted from inventory. So not all of the 3.3B oz need be hedged multiple times during the year. Sure, there are legit “traders” out there but they gain legitimacy ONLY due to the real market participants who are hedging the price of their owned metal.

So here’s my question: If only 3.3B oz of physical silver are available for legitimate hedging why is the COMEX trading at volumes of 100B oz per year? And how in the WORLD does the LBMA “transfer” over 130B ounces of PHYSICAL silver every year?

Clearly something is very wrong when people like Jeffrey Christian claim that “hedging” at these volumes EVERY YEAR is legitimate.

***Keep an eye on Pasqua-Lama, San Cristobal and other silver mines that are being relied upon to deliver physical silver into forward silver sales contracts…Governments have a funny way of hanging onto their TRUE wealth when economic troubles start.

Mark my words…

The wealth of every nation lies in their soil, not in their bank vaults.

May the Road you choose be the Right Road.

Bix Weir

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9 comments to Naked SILVER SHORTS (Get It??)

  • SGT Fan

    Great article but easy on the racy photos. Hope SGT doesn’t start resorting to the hyper-sexual hypnosis tactics employed by corporate media.

    • SGT

      oh Lord… ‘Naked SILVER SHORTS’. Get it? Bix included the clever photo in HIS article. It’s funny. UPDATE: Changed the author’s original photo due to continuing, incredibly humorous complaints about the scantily clad woman who was pictured wearing silver shorts. One word to those who complained, please toss your TV in the garbage can because literally everything on the big 4 networks between 8 – 10pm is far worse than the picture Bix associated with this post.

  • JohnJ

    I sorta liked the picture! A little change of pace for Bix and SGT Report.
    Love your site Sean! This is my go to site for news and current events.
    I give it out to all like minded people, they love it and I have been thanked many times over, but you deserve the thanks!!
    Keep up the great work of educating and waking people up to reality!
    Like Chris says “When you are aware, you can prepare”
    His new coins are awesome! Sure did put an end to my stacking of eagles.

    By the way…. Is she wearing tin foil shorts!!??

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