Thursday, April 5, 2018

Silver price suppression in paper markets at new all-time high as naked short contracts almost 150% of annual mine output

Silver price suppression has become so rampant and so outrageous that analysts, bullion banks, and even the markets themselves no longer try to hide or defend the manipulation.  And in a tweet sent out on April 4 by TFMetal's Craig Hemke (Turn Ferguson), the newest update of open interest on the Comex shows that naked short contracts are not only increasing to all-time high levels, but they now equate to nearly 150% of the world's annual mine output.

In a nutshell, the Comex sells more silver futures contacts than the world produces by a wide margin.

This is insanity! The preliminary Comex silver open interest number shows another jump of 8722 contracts to 241,404. This would obliterate the old ALL TIME HIGH by more than 7,000. And this number represents over 1.2B ounces of digital silver or nearly 150% of annual mine supply! – Craig Hemke, TFMetals Report
What this also means is that silver right now is one of the most undervalued commodities and investments in history, and any short squeeze breakout in this market would see the price skyrocket in multiples of its all-time high in a very short amount of time.


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