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Open Silver and Gold Short Positions July 2014

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

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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

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

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