You think the silver reported as being held by the SLV ETF Trust is really all there? Really? I guess you’re probably expecting a visit from Santa Clause in about a month as well…Silver has been hammered by the paper market for 16 trading sessions in a row. This is the longest losing streak in the history of silver futures trading.
The manipulation of both the metals markets and the stock market has reached proportions that would have been unfathomable before the 2008 de facto financial system collapse. The Fed has been intervening in the markets since its inception, but the executive order signed by Reagan authorizing the Working Group on Financial Markets – a secretive subset of the U.S. Treasury Department, opened the door for the full-fledged near-continuous intervention in the markets we are now witnessing.
Clearly, there is something very wrong going on behind “the curtain” and the Fed, in conjunction with select TBTF banks and hedge funds seems to be doing whatever it takes to keep it contained and hidden from the masses.
The Doc and Eric Dubin invited me on to their weekly market Metals and Markets show to discuss these and other issues: