by Bix Weir, Road to Roota & SGTreport.com:
The Office of Comptroller of Currencies has just released their latest report on derivatives for the first quarter of 2015 and it is absolutely….different.
Other Precious Metals (ie Silver) 4Q 2014 1Q2015
JP Morgan $10.7B $13.4B
Citibank $3.9B $53.0B
Obviously, there is either a GIGANTIC mistake or big change on the latest OCC Derivatives Report or Citbank has just broken every law known to man and added a concentrated silver position larger than THREE YEARS worth of global silver production at 2.7 Billion ounces of paper silver.
Yes, it could be “other” precious metals but I highly doubt it. Anyways, what would it matter? Here we have a “too big to fail” bank adding an outrageous amount to precious metal derivatives to their overall exposure for no apparent reason.
Why is Citibank, a bank the US taxpayer bailed out, playing in the silver derivative markets anyways?
And then we have the overall commodities changing dramatically for JPM according to Zerohedge we have to wonder….what is going on??
Do you want the OBVIOUS take from Roota? They all belong in jail…not trading derivatives!!
Watch Citibank and JP Morgan go the way of Bear Stearns, AIG, Drexel Burnham and all the other silver shorts VERY SOON!
End Game Approaches Fast!
May the Road you choose be the Right Road.
Road to Roota.com
PS – For those that don’t follow it….Bitcoin is now breaking out of the “managed” range of $200-$250 so look out above. These are the early, early days of Bitcoin so getting in is always a risk but the reward lies in the future. IF Bitcoin successfully navigates the next few months you will be seeing the price of Bitcoin driving over $10,000 per coin without any sellers. Where it stops is anybody’s guess.
PPS – Physical Silver in your own possession will be 10x more valuable than Bitcoin if (or should I say when) it is fairly traded!!!
If you have no idea where I am getting all this information then you should pre-order my second Book “Out of the Darkness” that deals with things that are happening AS WE SPEAK! The book comes out on Wednesday and you can order here:
My Friends – last year the head of the IMF gave a very bizarre and startling speech about the “Magic Number Seven” that confused the investing world. It is clear now that Christine Lagarde was talking about the month of July and the seventh-seven year Shemitah that hits on September 13, 2015. Who will you believe?
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