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ALERT: Silver Price Short Hot Potato Being Passed Again!
Wednesday, October 17, 2012 9:59
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ALERT: Silver Price Short Hot Potato Being Passed Again!
Posted by Charleston Voice
Bix Weir
There’s a New Silver Rigger In Town!
For years I have agreed with Ted Butler – that the silver short position is a “Company Killer”. Ted has shown how it has been passed from Drexel Burnham to AIG to Bear Stearns to JP Morgan and now, as JP Morgan begins to stumble, it seems the transition is happening once again.
Each and every time the company holding the short has IMPLODED in a heap of rubble.
Since the 1st quarter of 2012 there has been some basic changes in the market structure of those that hold the manipulative silver shorts. I’m not talking about the COMEX short but rather the Over the Counter Derivative market that is recorded at the Office of the Comptroller of Currency of the United States. Although it’s true that JP Morgan’s position has increased from $16.4B to $18.5B by July 1st there is a brand new manipulative short in the game…
…believe it or not it’s the Poster Child for government bailouts CITIBANK!
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