SLV Volumes Expose Another Silver Con
Just a note....over the years the Silver market Rigging CON known as the iShares Silver ETF (SLV) has been exposed as just another tool to help JPM and friends control the silver markets. From the Swiss cheese prospectus to the dubious inventory audits to the massive SLV silver short position this particular con is one of the most blatant.
Just as a point of reference... SLV is supposed to buy and sell physical silver as investors buy and sell shares. Owners of these shares expect their shares to represent 1oz of physical silver held in trust by JP Morgan. There are currently about 350m ounces of physical silver supposedly held in trust in the name of SLV shareholders. All is well and good correct?
Not a chance! Did you know that over 2.8 Billion ounces are traded in and out of this "physical silver" holding every year?! 100M "ounces" were bought and sold in the last few days. This is at a time when retail silver is practically GONE from the coin dealers inventories and the Mints around the world can't get enough physical silver blanks to meet demand!
And we are supposed to believe that JP Morgan and friends have no problem obtaining enough physical silver to support the daily volumes traded in SLV of over 11M ounces. HA!
Mark my words...SLV will end in tears and those who were STUPID enough to believe that they had an investment in physical SILVER by owning the largest Silver ETF in the world will be crying in their beers...if they can even afford beer!
The "Silver FREEDOM Update" articles have become very popular amongst the Private Road Subscribers as there is SOOO much going on minute to minute. We are down to 26 days on our countdown to silver market freedom but of course much will happen before and after the count ends. To sign up and gain access to all the Private Road articles and updates click here:
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Stay safe and sane out there and KEEP STACKING...if you can!
May the Road you choose be the Right Road.
Bix Weir
