CME Posts Massive Silver Derivative Volume
The CME has posted their trading volume statistics for the month of November and unsurprisingly the silver volume has dropped off 42% due to the MF Global lockout. Here's the CME data...
http://www.cmegroup.com/wrappedpages/web_monthly_report/Web_Volume_Report_CMEG.pdf
As you can see the Silver futures contract volume dropped from 2,282,155 contracts (11.4B ounces) in Nov 2010 to 1,327,376 contracts (6.6B ounces) in November 2011.
Yes, those are BILLIONS OF OUNCES of paper silver trading back and forth from bankster to bankster to fix the price of silver AND yes it is pure fraud and why nobody on earth knows what physical silver is REALLY worth today.
This year the CRIMEX will trade over 20,000,000 paper silver contracts or over 100 BILLION OUNCES of paper silver.
Considering the COMEX warehouses claim to hold about 100M ounces of physical silver that's a paper to physical silver ratio to 1,000 to 1.
Apply this to ALL SILVER MARKETS and you get the idea.
Here's the text of my speech at the Silver Summit this year...
Understanding Silver Manipulation - Part 1
//www.roadtoroota.com/public/724.cfm
Understanding Silver Manipulation - Part 2
//www.roadtoroota.com/public/729.cfm
Once you understand that the banking cabal controls all markets with massive derivative leverage you can also wrap your head around the fact that THERE IS A WAY TO DESTROY THEM.
The Silver Bullet will be the weapon of choice for the Good Guys.
Buy your Silver Eagles TODAY...
...and buckle up for next week.
May the Road you choose be the Right Road.
Bix Weir www.RoadtoRoota.com