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“It’s so blatantly obvious that even a caveman can see it”
TND Guest Contributor: Dave Kranzler |
The front month silver contract on the Shanghai Futures exchange is currently trading at an 8% premium to the LBMA price and the futures curve there is in backwardation, indicating a very tight physical market. Roughly 80% of the physical silver from the SFE vaults have been removed. On the Moscow Exchange, silver trades at a 16.8% premium to the LBMA price. But this is what we get in the lawless United States:
(Click image to enlarge)
One can only wonder what is going on behind “the curtain” in this country that the Comex banks/Fed feel compelled to hammer the price of gold and silver nearly every day when the corrupted U.S. paper ponzi scheme market opens and the rest of the world is in bed.
If a caveman can see this manipulation, does this mean the Doug Casey et al are dumber than early homo sapiens?
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About Dave Kranzler:
I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for Bankers Trust. I have an MBA from the University of Chicago, with a concentration in accounting and finance. My goal is to help people understand and analyze what is really going on in our financial system and economy. You can follow my work and contact me via my website Investment Research Dynamics. Occasionally, I publish on Seeking Alpha too. As a co-founder and principal of Golden Returns Capital, LLC Mr. Kranzler co-manages the Precious Metals Opportunity Fund, a metals and mining stock investment fund.
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