This might be it to stop the paper shorts manipulation...we'll see... http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/7/6_W
Couldn't get the link to work, try this one. This could be big news indeed.... http://kingworldnews.com/kingworldn...-_This_Will_Destroy_Gold_&_Silver_Shorts.html
Very interesting and with far reaching consequences considering China, gold and inflation. Clock is ticking.
It'll explode one day, Interesting mine production from the US http://silvergoldsilver.blogspot.com/2011/07/did-nevada-peak-silver-production-occur.html a small bit from http://harveyorgan.blogspot.com/ The Bank of International Settlements (BIS) has changed, or revised, their silver derivatives data in their derivatives reports. The change took place between their June, 2010 report, and their December, 2010 report, for the period of June, 2009. The change was from $203 billion in "other precious metals" liabilities, changed down to $93 billion. The change took place, in Table 22A: Amounts outstanding of OTC equity-linked and commodity derivatives, By instrument and counterparty, in the category of "other precious metals", for June, 2009, Notional amounts outstanding. In June, 2009, the silver price was about $15/oz. http://www.silverseek.com/quotes/5silver.php This means that the $203 billion silver liability divided by $15/oz. shows that all the banks in the world that are tracked by the BIS owed 13.5 billion ounces of silver. But the entire world silver mining production is only about 700 million oz. of silver annually, so this is an admission that the banks owed about 19.3 years worth of world annual mine production of silver.
Unfortunately as long as 'they' keep winning on their shorts they can keep playing this game for a long time. I guess if you were rich like Bill Gates you could bet against the banks and demand physical delivery even though you are losing money as the exercise price is over spot in these shorts. It'd be funny demanding a few billion oz of silver as physical delivery even though you lose money just to kill the system. But the cynic in me reckons they have a prevention clause somewhere or annoying stuff such as "only 1000oz per day delivery maximum" just to prevent you from doing just that.
BIS Changed Silver Data (From $203 to $93 Billion in Silver Liabilities?) .... In conclusion, it's not a "conspiracy theory" that the banks are manipulating the silver market. The BIS bank data shows the conspiracy. And when the banks are saying indirectly, "don't trust us", given both the large amounts and large changes in their published data, it would be foolish to trust them. It's a mathematical certainty that silver prices will explode upwards in price, and only people who hold their own silver will benefit from the major value change that's coming. source: http://www.silver-info.com/bis-changed-silver-data.htm The Silver manipulation will end sooner or later - I hope the new gold and silver exchange in China will destroy the remaining gold and silver shorts!