Bix Weir says All Eyes on the Physical Commodity Giant’s Collateral Calls
I have highlighted the commodity trading companies Glencore and Trafigura in several postings over the past few months. These companies are the physical manipulation arms of the market rigging machine. Yes, the price rigging is all about using computers to rig the electronic exchanges but there is also a physical rigging operation that must take place behind the scenes for the electronic games to continue. When it fails to work the Bad Guys find themselves in a situation where they are holding a massive amount of electronic metal derivatives with very little PHYSICAL to be obtained.
That is a recipe for a market meltdown.
Glencore and Trafigura sprang from Marc Rich’s trading company which was at the heart of all commodity manipulations in the 70′s, 80′s, 90′s and 2000′s. Yes, it’s the same Marc Rich that Bill Clinton pardoned from his 1983 indictment of 51 counts of tax evasion, racketeering and fraud. He was on the F.B.I.’s “America’s Most Wanted” List for cloe to 20 years! That’s a very long time to rig the markets.
For my past analysis do a search on the RoadtoRoota website for “Marc Rich”:
http://www.roadtoroota.com/public/programs/search.cfm
Fast forward to today where we see that SOMEONE has decided that the price of all commodities should be thoroughly and complete destroyed. Who is it? Who keeps slamming the price of commodities lower?
It’s the GOOD GUYS! I say this because all the Bad News about oil supplies is being enforced every week from THE US GOVERNMENT with their weekly oil inventory announcements and the announcement that they will sell their strategic oil supplies!
We all know that the US Government lies about everything from their employment numbers to the inflation rates to steer the markets so it should be no surprise to see that they are behind the crashing of the commodity prices.
And they are now going after the heart of the manipulations…the companies that CONTROL the physical metals!
A sister company of Glencore and Trafigura called “Noble Group” was the first to be downgraded and it is already being called an Enron Moment…
http://www.zerohedge.com/news/2016-01-10/noble-groups-margin-call-part-ii-enron-moment
Glencore and Trafigura are NEXT on the downgrade list and that will set off the Mother of All silver, gold and oil collateral calls!
Keep and eye out for this as it is planned for the 1st Quarter 2016.
May the Road you choose be the Right Road.
Bix Weir
Source: http://blogdogcicle.blogspot.com/2016/01/bix-weir-says-all-eyes-on-physical.html
