Are we seeing a run on silver? It may have already started. Months ago. Here are the details…
Jason Burack of Wall St for Main St interviewed returning guest, former professional Wall Street equity options trader and Wharton MBA graduate, Chris Marcus of Arcadia Economics arcadiaeconomics.com, to talk about gold and silver markets and also his new book about the silver market that just came out.
Chris’ new book, The Big Silver Short: How The Wall Street Banks Have Left The Silver Market In Place For The Short-Squeeze Of A Lifetime is available for purchase on Amazon for Kindle or paperback.
Chris also has an audio book version of his new silver book for sale on his website.
During this 40+ minute interview Chris talks about the astounding number of paper claims (500 or more) that there are on each ounce of physical silver on the COMEX & LBMA where silver futures contracts are traded.
Chris talks about how the SIlver Guru, David Morgan says that if OTC derivatives are included than it is a lot more than 500.
Chris also talks about the ongoing RICO case against JP Morgan for spoofing gold and silver trades by the US Department of Justice and how a run on physical silver may now be occurring starting a few months ago with 90 million ounces of silver taken for delivery in a very short amount of time.
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