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July 15, 2017 | ICE to set Silver Price! Will it Help?

Donald B. Swenson: Born January 24, 1943, Roseau, Minnesota. Graduated H.S. 1961, Moorhead High, Minnesota. Graduated College 1968, Moorhead State University, Minnesota. Designated member of Appraisal Institute (MAI), 1974. Employed with Western Life Insurance Company, 1968 – 71; Iowa Securities Company, 1971 – 73; American Appraisal Company, 1974 – 81. Part-time teacher/valuation consultant/bartender, 1979 – 2008 (taught workshops at Waukesha County Technical Institute, Wi. and Madison Area Technical College, Wi.). Retired 2008 (part time teacher/blogger), AZ. Self educated economist/philosopher/theologian:

Image result for Intercontinental Exchange to set silver price this fall

Today’s Wall Street Journal had an article on page B10, saying “Ice to Run Silver-Price Auctions”. Basically, the Intercontinental Exchange (a 100% electronic exchange) will assume control over setting this benchmark price (previously called the Silver Fix). Some may think that this will help with the rigging issue which has suppressed our silver prices for the past six (6) years. I would suggest that this will do nothing of the sort. Why?

First of all, the rigging of the Silver Price is a separate issue from the Silver Fix. In fact the Silver Rigging (now done on our electronic futures markets) is what has SET the silver fix for the past 6 years. Silver bugs call this rigging issue the so-called Paper Market. The issue concerns traders (probably via algorithms) who use ‘naked’ shorts on our futures markets (like the Globex) to suppress the silver price without taking delivery of any silver. Give this some reflection!

Basically, what happens is that all these short contracts (increase the artificial supply of silver) as no real physical silver is delivered (settled) after the contract is executed. The contracts never reach the settlement stage as HFT allows withdrawals, cancellations, with no settlement in the physical metal. This is why we call this strategy of trading a ‘naked’ short.

Imaginary digital silver is essentially purchased (on an electronic futures market) to increase the ‘imaginary’ supply of silver on the markets (distorting price discovery) with no actual delivery of the physical silver to settle the contract. Speed of light trading (via algorithms) can execute these ‘naked’ short contracts where millions of ounces are assumed to be traded. In reality nothing is traded but a traders ‘imagination’. This creates the artificial increase in supply which technically does not EXIST in reality.

The whole game of shorting silver (with no settlement) allows all these short contracts to suppress price and then when the Silver Fix is done (after the price is suppressed) the Fix is based on electronic prices which are fraudulently presented on our electronic markets. The whole procedure (strategy) is a complete FRAUD on the buyers, sellers, traders of silver (also gold) and this allows our corrupt insiders (who desire a suppressed price) to promote their mantra which is: DIGITAL currencies for all our cyber trading markets.

The government authorities and our Central Bank traders ‘hate’ silver and gold as these metals create ‘honesty’ in our markets. Honesty is not what our corrupt elites desire. They desire a manipulated/suppressed price so the ‘sentiment’ for their Cashless Society can be advanced. Digits for money is what our central planners desire and ‘honest’ money is a hindrance to their goal of Global Governance and a single digital currency for the planet. We now live with corrupted markets, corrupted price discovery, and corrupted governmental leaders. The GAME is Rigged, folks! Wake-up and SCREAM! I am:

Some additional images for your consideration:

Image result for naked shorts rig silver prices on futures exchanges

Notice how silver prices have declined these past five years (41.81%). The money supply and our stock markets have increased my multiples of there 2012 price. Why this suppression of our silver prices? Think! It’s all fraud, manipulation, and rigging by select traders (probably using private algorithms)! The goal is to promote ‘sentiment’ for our imaginary digital currencies and create discouragement for silver/gold investors. So far the authorities have won and our deceived traders/investors have no idea what is happening!

Image result for Intercontinental Exchange to set silver price this fall

Rigging of the silver price has been ubiquitous since 2011. Who is behind this rigging? Think!

Image result for naked shorts rig silver prices on futures exchanges

Naked shorts on our futures markets can suppress silver prices continually as no physical metal is exchanged (it’s pure fraud)!

Image result for what is a naked short

Speed of light trading, immediate cancellations, immediate withdrawals, and no settlement (immediately) creates price suppression. The above rule (is worthless) given our HFT computers and our speed of light executions. Who cares about any physical settlement (3-4 days later) when trades are now done electronically in milliseconds or microseconds. There is no time for settlement and delivery! Why haven’t our authorities figured this reality out? The game has changed and delivery/settlement is impossible (for most short contracts) given today’s speed of light markets! Paper shorts (that which suppresses our prices artificially) must to eliminated!

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July 15th, 2017

Posted In: Kingdom Economics

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