Silver Manipulation Because They

Needed the Eggs

It reminds me of that old joke- you know, a guy walks into a psychiatrist's office
and says, hey doc, my brother's crazy! He thinks he's a chicken. Then the doc says,
why don't you turn him in? Then the guy says, I would but I need the eggs. I
guess that's how I feel about relationships. They're totally crazy, irrational, and
absurd, but we keep going through it because we need the eggs. - Woody Allen

While there is no question of government enabling, (by decree or inaction),

market manipulations havent really changed all that much in character over the
centuries.
The players have morphed into giants. So large that they obscure general
perception by virtue of nearly complete diffusion.
Even those of us who see it, document it, and rise up against it, are all too often
left with only one clear solution:

If we could simply wrest it from the clutches of the system, we would push
the button and make every thing go away.

If the Commodities Futures Trading Commission 'acted' now to stop it, simple
awareness of the event would create chaos.

If a few large traders decided to stand for delivery, equal chaos while the
'rogue trader' meme would spread as the trades were cancelled.
The ultimate reality is that despite the ineptitude of leaders and officials, the
system of finance will implode into a currency collapse.

Is it any wonder that the largest, most concentrated trading position of

all commodities is held short on 'money'?
All we can really do is stand in our individual monetary provinces and take shelter
from the inevitable storm.
All price manipulation ultimately ends with suffering.
Hand in hand with suppressing the rate of interest assigned to fiat, no greater
obfuscation is that which (cannot be named) falsely backs the value of the legal
tender of the moment.
In the meantime, there is profit for the chosen.
Do they really need the eggs?
If we follow the money, we see that the same applies to the commercial bank
suppression of precious metals.
(Note: These are not banks in the traditional sense. They are massive hedge
funds - giant nodes of risk in a massive worldwide system of currency and credit
flows. They give real banking a bad name. But we call them banks a concession
to the propaganda. They are nearly indistinguishable and as result, they hate
each other fiercely).
Make no mistake; price manipulation of silver by the large concentrated short on
the COMEX is a profit center for the big bullion banks that inhabit the commercial
category of futures traders.
Yes, the mechanisms and tactics are fully enabled, but by virtue of this fact, direct
government intervention is not required to function. It only needs tending to from
time to time which simply tightens the noose further.
Are these commercial banks intervening in all markets on behalf of
government?
Given the nature of the Federal Reserve and the blurred political lines between
the Treasury, Wall Street (along with the 'legal' mechanisms by Exchange
Stabilization Fund and Working Group), yes, of course they stand ready and do
intervene in many markets.
Spend a few hours looking over documentation from GATA for enlightenment.
But silver is the big accident waiting to happen.

The silver market doesn't need hands-on government intervention because the
CFTC allows the giant banks to build massive concentrated positions as prices
rise, and then periodically cover those positions via HFT-facilitated spoofing,
banging the close, etc.
No need for swaps or leasing in the silver market because it's been so easy to
enable banks to play the role of market maker while being the only short,
letting the price action drive the perception of supply and demand.
And of course, silver is not officially stockpiled by central banks.
Again, for precious metals and commodities traded on futures exchanges, it is far
easier to simply enable through lack of enforcement. Especially when
enforcement itself was captured as soon as it was conceived.
As Peter Warburton pointed out so many years ago:
Central banks are engaged in a desperate battle on two fronts:
What we see at present is a battle between the central banks and the collapse of the
financial system fought on two fronts. On one front, the central banks preside over the
creation of additional liquidity for the financial system in order to hold back the tide of debt
defaults that would otherwise occur. On the other, they incite investment banks and other
willing parties to bet against a rise in the prices of gold, oil, base metals, soft commodities
or anything else that might be deemed an indicator of inherent value. Their objective is to
deprive the independent observer of any reliable benchmark against which to measure the

eroding value, not only of the US dollar, but of all fiat currencies. Equally, they seek to deny
the investor the opportunity to hedge against the fragility of the financial system by
switching into a freely traded market for non-financial assets.
It is important to recognize that the central banks have found the battle on the second front
much easier to fight than the first. Last November I estimated the size of the gross stock of
global debt instruments at $90 trillion for mid-2000. How much capital would it take to
control the combined gold, oil, and commodity markets? Probably, no more than $200
billion, using derivatives. Moreover, it is not necessary for the central banks to fight the
battle themselves, although central bank gold sales and gold leasing have certainly
contributed to the cause. Most of the worlds large investment banks have over-traded their
capital [bases]so flagrantly that if the central banks were to lose the fight on the first front,
then the stock of the investment banks would be worthless. Because their fate is intertwined
with that of the central banks, investment banks are willing participants in the battle against
rising gold, oil, and commodity prices.

This enabling allows to the banks agency to do what they like. With silver in
particular, they enjoy 'market maker status' on the surface while building
positions that cannot be resolved without inescapable and permanent damage -with or without any amount of intervention including confiscation and taxation.
The converging legacies of the state and money centers never fully merge. They
serve each other in a bizarre symbiosis that ultimately drains both to death.
If we factor in the dawn of a new massive war, then we can look at two possible
scenarios:

The COMEX eventually becomes obsolete or symbolic, and the pricing

mechanism reverts to a physical-based price discovery. Paper accelerates in
loss of value in parallel.

Or as an agent of power, the Big Four commercial banks who essentially

control price based on the nature of concentration, decide theyve
accumulated enough to let the price - and the value of their hoard - return
toward and beyond equilibrium.
However it plays out - its not likely to happen in isolation. And it will be temporary
as the fourth branch guides the story toward some other parallel agenda.
All we can do use the moment to our advantage - for our survival.
Low silver prices currently benefit the big banks - the profit motive sought by
virtue of enabling and price control.
Low prices benefit the users in the near term, which essentially allows for the
continuation of and exploitation of an otherwise much more valuable resource.
Lower silver prices also quiet the monetary canary in the coal mine.

Of course, low prices potentially benefit those who perceive this for what
it is - a brief opportunity.
If it feels better, or more palatable, dress it up with fancy investment language.
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