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COMEX Default Banks are the only one selling paper Silver?

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Uploaded by on Dec 9, 2008

Net Commercial shorts of silver is 100% banks? Can anyone validate this I can't!
http://www.resourceinvestor.com/pebble.asp?relid=48522

Here is the bank participation report and banks have shorted 26,000 silver contracts.
http://www.cftc.gov/marketreports/bankparticipation/index.htm


Here is the commitment of traders (COT) report net commercial shorts is at 52,176.
http://www.cftc.gov/dea/futures/deacmxsf.htm

That shows the banks are 50% of all commercial short positions. If I am reading it wrong please let me know.


Red Alert: Gold Backwardation!!!
http://news.goldseek.com/GoldSeek/1228499200.php

Extra! Extra! Feds Bail Big
Silver Short, CFTC Sees No Evil!
http://www.financialsense.com/fsu/editorials/2008/1117.html

The Real Story by Ted Butler
http://news.silverseek.com/TedButler/1226344970.php

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Uploader Comments (davincij15)

  • How is that Comex default working out for you? ;)

  • How did that COMEX of 1 kilo bars working out for you? Oh that's right you can only get cash for your 1 kilo bars since Dec 31 2008. But hey that's not a default of gold you can trade cash for... um cash. LOL

    Isn't that cool you can by a COMEX contract that sets the price of gold but never get gold. No manipulation there eh?

    Cash only mini silver contracts where made available in April. No need for the exchanges or sellers to have pesky physical gold or silver to cover their contracts.

  • so what? the comex is still trading, there is still food and water. stop this chicken little collapse stuff.

    the end of the world is not here.

  • @cerberus662

    The end of the world will not come for 100s of millions of years. The sky is not falling and the world will not end if the dollar does. Paper money has got to zero over 3200 times in the last 2000 years people are still here.

Top Comments

  • thanks davinci!

  • Iran recently switched billions of thier reserves into Gold do you think maybe they know something big is coming:-)

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  • Great video, I like to talk about Silver and Gold on my youtube channel as well.

  • @davincij15

    get over it you wannabe know it all.

  • who says they will lose control???

  • if they loose control of silver watch it go to $50+

  • Point taken ... In Aus there are still a couple of bullion shops where you can get same day delivery of silver

    1kg bars

    100 oz bars

    15 kg bars

    buying silver coins is a bit more of a problem here in Aus ... not much of a range to choose from and people are becoming more reluctant to sell.

    First majestic (silver miner) gets 5-10% of its production sent to the North West Territory Mint ... which first majestic sell on there web site, coins and small bars. Delivery every 2 weeks or so.

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