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Wednesday, October 17, 2012

A New player in Silver price manipulation?


The collapse of silver manipulation is coming soon. There are many players and all are in trouble now.
When the manipulation ends silver could go to $200 per ounce within a few weeks due to the fundamentals that normally control the price.
Here is Bix Weir's take on it.

 
From: Bix Weir <bix@roadtoroota.com>

Sent: Tuesday, October 16, 2012 10:20 AM
Subject: ALERT: The New Silver Rigger Being Taken Out!


Last week I sent out an alert to all Private Road Members that Citibank was the NEW SILVER RIGGER on the block. Here was the analysis on how I figured it out (for Private Road Members)...


ALERT: Silver Short Hot Potato Being Passed Again!
Bix Weir

  
There's a New Silver Rigger In Town!
For years I have laid out how the silver short position is a "Company Killer". Ted Butler has shown how it has been passed from Drexel Burnham to AIG to Bear Stearns to JP Morgan and now, as JP Morgan begins to stumble, it seems the transition is happening once again. Each and every time the company holding the short has IMPLODED in a heap of rubble.
Since the 1st quarter of 2012 there has been some basic changes in the market structure of those that hold the manipulative silver shorts. I'm not talking about the COMEX short but rather the Over the Counter Derivative market that is recorded at the Office of the Comptroller of Currency of the United States. Although it's true that JP Morgan's position has increased from $16.4B to $18.5B by July 1st there is a brand new manipulative short in the game...
...believe it or not it's the Poster Child for government bailouts CITIBANK!
According to the OCC, Citibank has increased their exposure to silver derivatives MASSIVELY over the first two quarters of 2012. Here's the facts on table 9 (PREC METALS is mainly Silver):
1/1/2012 $44 million
3/31/2012 $5.7 Billion
6/30/2012 $9.5 Billion
At $35/oz the $9.5B represents 270M ounces of silver derivatives added in the first 2 quarters of 2012.
Remember, it was March 2012 when JP Morgan's troubles began in their derivative book with the "London Whale". The rumors are that these derivatives are linked to silver. This is the same time that Blythe Masters had to come on TV to declare that they don't rig the silver market. This is also the same time that Citbank began to build it's monument to silver derivatives rapidly catching up to JP Morgan.
It is clear to me that the baton of silver rigging is once again getting passed on. The next report will be very telling if Citi continues to build this monstrosity to silver market manipulation.
More on this as events transpire.
My the Road you choose be the Right Road.
Bix Weir www.RoadtoRoota.com

Today comes the shocking news that the CEO and COO of Citibank have ABRUPTLY RESIGNED!
Shocker at Citigroup as CEO Vikram Pandit Abruptly Resigns
http://clicks.aweber.com/y/ct/?l=57rT_&m=3jGR144UvRAZ85B&b=yTWkbtztHHHd1caBNYUMHQ
It will be impossible for JPM and Citigroup to unwind their silver rigging positions so be ready for the silver take off!

We are in the last moments of the MAJOR BATTLE for our freedom.
Buckle up for a WILD end of the year! Stay tuned on the Road to Roota for all the action :-)
May the Road you choose be the Right Road.
Bix Weir

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