Nearly Half a Year of Global Silver Production Required To Cover COMEX Short Positions

Open Silver and Gold Short Positions July 2014

Open Short Silver Positions on COMEX Reach 160 Days Worth of Global Silver Production.

Buy Gold And Silver Coins

JM Bullion

The Amount of Silver To Cover COMEX Short Positions is Nearly a Half a Year of Global Silver Mining Production.

We recently published a two part series on gold and silver manipulation.

Part one covered the suspected manipulation that occurs in the gold and silver market.

Part two covered actual examples of gold and silver manipulation by U.S. Presidents, the U.S. Congress and the U.S. Treasury.

Part one of our gold and silver manipulation series reported on the massive naked short selling of silver and gold that occurs on COMEX allegedly to suppress the prices of those metals.

According to the following chart, the number of days of global silver production required to cover the aggregate silver short positions of the eight largest traders on COMEX is 160 days, or nearly a half a year’s production! The chart shows that the other precious metals (gold, platinum and palladium) have similarly large open short positions.

The largest traders of gold and silver bullion are the bullion banks – Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorganChase, Merrill Lynch/Bank of America, Mitsui, Societe Generale, Bank of Nova Scotia and UBS.

Days of World Production Required To Cover Short Contracts – July 2014

the number of days required to cover the open short positions in silver and gold and other commodities displayed on a chart

Nearly half a year of silver production is required to cover short positions on the CFTC.

Data from the U.S. Commodity Futures Trading Commission report on the Open Market Commitments of Traders

Get Free Updates From Smaulgld.com

Subscribe to Smaulgld.com and get the free In Case You Missed Itweekly email as well as updates and analysis on gold, silver, real estate and the economy.

Also get the free report “Twelve Key Differences Between Gold and Silver” when you subscribe.






Subscribe to Smaulgld.com to receive free gold and silver updates, news and analysis.

Chart by Nick Laird of Sharelynx– the Gold Standard in Precious Metals Charts

Further Reading:

Gold and Silver Manipulation – Suspected

Gold and Silver Manipulation – Actual

Smaulgld Gold Buying Buying Guide

Smaulgld Silver Buying Guide

The Rise of the Shanghai Gold Exchange

Royal Canadian Mint

Please visit the Smaulgld Store for a larger selection of recommended Kindles, books, music, movies and other items.


Or you can support Smaulgld.com by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the JM bullion or BGASC ads on the site.



DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.

The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.

The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.

Post Navigation