Silver Naked Shorting~what Maguire ment........

[Steal]

Pretty good video from John explaining what may be going on and what may happen...........

edit:does anyone else have the problem of embeding video, it post two of the vids?
edit: cool, can change title heading if misleading or not defining.

http://www.youtube.com/watch?v=_0QnMzzRboY&feature=player_embedded

[Plastic]

Thanks steal...

We need a thanks button.......

[RUNFORTHEHILLS]

Really good

say they have 200,000 contracts of 5,000 ounces

then TPTB (banksters) SELL naked SHORT some

20,000,000 contracts of 5,000 ounces boy that'll be fun when they try to buy that!

[Shortstack]

Terrible video. The guy is a piker. You don't have to "borrow" a long futures contract to sell it short. Equities yes, futures contracts no.

And he got the Mark Maguire part wrong as well. The whole 100 to 1 revelation came from Jeff Christian, who was the last panelist to speak at the CFTC meeting. Christian attended via a satellite link, which was important. It was important because before Christian gave his testimony, GATA's Adrian Douglas made an unscheduled statement to the CFTC panel. As Douglas was NOT on the scheduled speaker list, Christian did not realize that he was backing up Adrian's previous statement.

So Adrian started by saying the 5 billion Oz of paper gold are traded (this is the net number) on the LBMA each year. There is not enough physical metal at the exchange to support that level of trading. Therefore, by Adrian's estimate, there is about 10 times as much paper only trades (both sides of the trade are paper) than there is physical trading at the LBMA. So then Christian came on next, he did not realize it was GATA's Douglas who preceded him, so Christian backed up the assertions made by Douglas. What Christian said was "yes, the previous speaker was correct, there are many more paper Oz traded than there are underlying physical Oz, but it has always been this way. The ratio of paper to physical trades is about 100 to 1."

The really damning thing Christian said was that the bullion banks would "hedge" long option exposure on the LBMA by selling Futures contracts short on the COMEX. Adrian has been pointing this (Christina's statement) out every chance he gets. Because while it is hedging if you have 1 million Oz of long options traded on the LBMA, and hedge this long with 1 million Oz of short Futures on the COMEX, if both side are paper, then the short is hitting the main "price discovery mechanism" whilst the long is hidden in the opaque LMBA options market. Thus manipulation of the metals price...

[hoarder]

http://www.youtube.com/watch?v=yLxoeLqQMlw&feature=player_embedded

[RUNFORTHEHILLS]

Terrible video. The guy is a piker. You don't have to "borrow" a long futures contract to sell it short. Equities yes, futures contracts no.

And he got the Mark Maguire part wrong as well. The whole 100 to 1 revelation came from Jeff Christian, who was the last panelist to speak at the CFTC meeting. Christian attended via a satellite link, which was important. It was important because before Christian gave his testimony, GATA's Adrian Douglas made an unscheduled statement to the CFTC panel. As Douglas was NOT on the scheduled speaker list, Christian did not realize that he was backing up Adrian's previous statement.

So Adrian started by saying the 5 billion Oz of paper gold are traded (this is the net number) on the LBMA each year. There is not enough physical metal at the exchange to support that level of trading. Therefore, by Adrian's estimate, there is about 10 times as much paper only trades (both sides of the trade are paper) than there is physical trading at the LBMA. So then Christian came on next, he did not realize it was GATA's Douglas who preceded him, so Christian backed up the assertions made by Douglas. What Christian said was "yes, the previous speaker was correct, there are many more paper Oz traded than there are underlying physical Oz, but it has always been this way. The ratio of paper to physical trades is about 100 to 1."

The really damning thing Christian said was that the bullion banks would "hedge" long option exposure on the LBMA by selling Futures contracts short on the COMEX. Adrian has been pointing this (Christina's statement) out every chance he gets. Because while it is hedging if you have 1 million Oz of long options traded on the LBMA, and hedge this long with 1 million Oz of short Futures on the COMEX, if both side are paper, then the short is hitting the main "price discovery mechanism" whilst the long is hidden in the opaque LMBA options market. Thus manipulation of the metals price...




Agree