Two things are very clear in the latest rig job in silver:
1) Somebody had a very large silver derivative position that was supposed to be settled upon the LBMA Silver Price (the Fix) last Thursday.
2) The loser of that position most likely had a catastrophic loss that will emerge over the next few weeks when the contract is settled…or defaulted upon.
This is the End Game my friends and the End Game was always going to be messy.
The Bad News at the $70T Mega-Derivative holder Deutsche Bank…their chief compliance guru is leaving…fast!
Those looking for the signs of the End Game in metal manipulation need to look no further than the headlines of the past few weeks: Glencore and Trafigura are at the HEART of the commodity manipulation for over 40 years and they are now on their knees just waiting for the Kill Shot.
This is the End of an Era…but you need to know why these companies are so important so here’s the full story…
It’s all in their history!!
Bix Weir joins Finance and Liberty to discuss the growing Silver Eagle shortage- is it merely a market driven event from unprecedented demand, or is the US Mint intentionally witholding Silver Eagle supply?
As you know, Martin Armstrong has been saying some pretty damaging things about those of us who believe in and fight the gold and silver manipulation operations.
He continues to blame US for people losing money for investors when he should be fighting WITH US and blaming those that rig the markets for the losses.
How much gold does China’s Central Bank/Government currently own? How much will they admit to owning when they update their holdings in June? Estimates of China’s gold holdings range anywhere from 4,000 tonnes to 40,000 tonnes. No one knows how much gold they will report, but it is highly probable that the number they do report is a number that they want the mainstream world to believe and there’s probably a lot of thought that has gone into masterminding this disclosure.
Will the official updating of China’s gold reserves trigger the beginning of the end for the current financial system? When the derivatives induced collapse gets rolling, Bix Weir states:
“When the bond market collapses it will make the stock market crash look like a day at the beach.“
Bix Weir joined the SGTReport for a MUST LISTEN interview discussing JPM, silver, Christine Lagarde’s cryptic speech on the Magic Number 7, the Shemitah, and tying it all together on the potential for a MASSIVE economic collapse this September!
JP Morgan is acquiring physical silver in staggering amounts. According to Ted Butler’s research, JPM is massively long on PHYSICAL silver to the tune of roughly 350 MILLION OUNCES which JPM has taken delivery of over the recent past. Bix says, “Don’t forget they are the custodian of the SLV silver etf. It might also be that they have been ponying up false numbers in SLV and are having to load up the coffers because something very big is coming down the line.”
On Christine Lagarde, her magic number 7 speech and the seven year cycle of the Shemitah, Bix says: “We’ve got to remember who runs this financial system and who has the power to pull the plug. And it is these elite bankers such as Christine Lagarde. And obviously her speech about the magic number 7 was eluding to the Shemitah and the 7-year cycle… But this year the Shemitah is the seventh 7-year cycle so it’s an even bigger one, and according to the powers that be in the Jewish religion, this is the year of jubilee where all debts are forgiven… they could very easily pull the plug right around that time of September of 2015, so that’s the reason to look out for this coming September...”
The silver market is broken and has been broken for a long, long time.
It is silver derivatives and computer trading models introduced in the 1970’s that really started to distort the market value and it has never been more distorted than it is today.
Hundreds of Billions of silver derivative ounces are transacted by the bullion banks every year to steer and control the price of silver. This volume of silver trading dwarfs the tiny physical silver market that only provides a few hundred million ounces of physical silver to the market annually for investors to buy.
Those of us who know this to be true have tried to position ourselves such that the wide ranging price dynamic would not effect the position we took to take advantage of the inevitable price spike that must happen AFTER price manipulation ends… Because we knew the price riggers could place the price of silver derivatives at $0/oz or $1M/oz with a click of a mouse it was the only way to ride out the manipulation.
So that’s what we have done and now we sit and await the END of this manipulation. We all knew it would be chaotic and produce very extreme pricing swings (as we are seeing now with sub $20 silver) but we knew it must end.
That is were we are now:
This song goes out to the bank with the big ole gigantic naked silver short…
“I do believe it will be this year that they end the manipulation and end this monetary system. . . . . You can see it happening already in Europe. It won’t take long when the Greeks say okay Germany, we are done with you. . . . That whole system will go down, and that will come to the United States.”
Bix Weir from Road To Roota joins the SGTReport to talk about American silver eagles [the only remaining form of U.S. government issued REAL MONEY in the United States], crumbling derivatives, criminal banks, false flag terror and…Game of Thrones.
Bix Weir’s full interview with the SGTReport is below:
The “new” Silver Fix is nothing more than Banksters bidding against Banksters on a phantom electronic market, says Bix Weir from Road To Roota.
After the first day of the “NEW” Silver Fix, it’s clear that it’s nothing more than a bad joke. Bix says, THE FIX IS IN AGAIN!
Bix continues, “But it shouldn’t matter to us because we are watching what happens to the silver derivative contracts that are still outstanding and are supposed to settle at the “Silver Fix”… which doesn’t exist anymore.”
WHERE IS THE PROMISED TRANSPARENCY??? WHERE IS THE PHYSICAL SILVER BEING EXCHANGED??
WHERE IS THE OVERSIGHT AND REGULATORS MAKING SURE EACH BID IS REAL AND EACH OFFER TO SELL HAS DELIVERABLE METAL…THAT WILL GET DELIVERED?
WHY IS IT SO HARD TO SET UP A PHYSICAL SILVER MARKET?
We are approaching another “I told you so” moment.
Word is that just one day away from the end of the “Silver Fix” and the implementation of the new “London Silver Price” there are still no major participants and no information on how the new system works.
The plan all along was to destroy the pricing mechanism for silver!
There is no physical silver market. There never has been…so how can these new “London Silver Price” fixers even fake that there is any legitimacy at all in the pricing of silver? Oh, they will try but they will fail miserably.
The TRUTH lies in a much more sinister operation yet completely obvious…
The end of the silver derivative market and the claims of “Force Majeure” by the Silver Shorts due to the chaos caused by the switch over to the new benchmark.