Comex Crime Scene Mechanics

Tue, May 2, 2017 - 3:30pm

Perhaps you should consider the following information before entering The Comex Casino next time? Or, if you still can't help yourself, there's always 1-800-BETS-OFF.

Through late March and into April, we tried...and tried...and tried again to warn/educate as many as possible that The Silver Bullion Bank Cartel was once again up to their evil, criminal tricks. Here are the relevant links:

So now, here we are. Comex Digital Silver is in the midst of its worst "losing streak" in years, having fallen for eleven, consecutive days. And why is this happening? For virtually the same reason that it has always happened before. Namely, and as stated in the introduction of link #3 above:

"The Cartel Banks are simply playing their same old, tired game where they pull the rug out from under everyone after patiently flooding the "market" with new open interest, waiting for buying pressure to exhaust itself."

Evidence of this is shown below in one, easy-to-read chart. Just click it and it will expand:

Between March 24 and April 20, JPM and their criminal pals (deceptively called "Commercials" by the criminally complicit CFTC) issued 42,128 new silver contracts and fed them to the hungry hedge funds and other "speculators" wanting "silver exposure" at The Comex Casino. At 5,000/oz per contract, these 42,128 contracts represented the potential obligation to make future delivery of 210,640,000 ounces of silver. This was silver that JPM et al did not own nor did they have it immediately available. And this "silver" was sold to speculators who had no intention of taking/demanding delivery! (Again, how this passes for some form of relevant "price discovery" of physical silver is beyond me.)

As you can see, these 42,128 contracts were issued with prices ranging from .90 to .70. Though issuance wasn't evenly distributed across the time period, for the sake of simplicity, let's just call it an average price of .30/ounce.

Price has now been maneuvered lower through the "contract expiration" period of what had been the front month May17. Unless standing for delivery, positions in the May17 needed to be closed out and/or rolled into the July17 or later by the Comex close last Thursday. The Banks used this natural selling pressure against The Specs and the resulting chart below has all the earmarks of a deliberately rigged "market":

Though it's impossible to calculate how much trading profit JPM et al might have realized through this latest price capping round trip, let's give it a try anyway...

Price closed on Monday at .84. If all of the recently added open interest was withdrawn as price fell to that level from .10, maybe we can assume an average Bank short-covering price of .30 to keep the math simple? If that's the case, then JPM and the other "Commercials" netted a tidy profit of /ounce on 210,640,000 fraudulently issued paper ounces. It's likely that just about everyone reading this can do that math: THAT'S A PROFIT OF 0,640,000.

And thus today's latest lesson. If The Banks made 0MM, then it's reasonable to assume that The Specs lost 0MM. As WOPR says: "A strange game. The only winning move is NOT TO PLAY."

Will next time be different? Probably not. As long as JPM and the other Cartel Banks have the unlimited and unchecked ability to create and issue a nearly infinite amount of paper "silver" contracts, the game will continue. ONLY physical delivery and the strict avoidance of The Comex Casino will be effective in drawing power away from The Banks and ending their fraudulent system.

If you, my dear reader, continue to validate The Comex Paper Derivative Pricing Scheme by accepting their terms and gambling in their lair, then you are a part of the problem...not the solution...and you deserve every loss you incur in the future.


About the Author

turd [at] tfmetalsreport [dot] com ()


May 2, 2017 - 3:45pm
Ben Stackin
May 2, 2017 - 3:53pm

what a crock of shit the CDS market is

My Gawd how I wish I never got involved in Silver and the miners....

Turd we can only hope the light you are shining on this criminal cartel of douchebag banksters will eventually result in them scurrying away to find another market to fleece, much like talk in alt-media circles of potential for an impending "false flag" opportunity seems to keep said false flags from happening. The douchebags like to work in the dark.


May 2, 2017 - 4:05pm

Andy Weighs in

Precious Metals And Bitcoin, Twin Destroyers Of The Fiat Regime Podcast by Andy Hoffman – Miles Franklin

May 2, 2017 - 4:15pm

Andreas M. Antonopoulos | Ethereum Q&A + Altcoins

"Lions don't compete with sharks"

Video unavailable
May 2, 2017 - 4:17pm

Calm before the storm ...

Markets are eerry

May 2, 2017 - 4:24pm

So Turd,

since I am an owner of mining shares, and as a direct result of the Comex games I am losing money, am I playing in their casino ??? Am I deserving of these losses ????

I appreciate your view but am not in agreement.

May 2, 2017 - 4:42pm


I think this is what Turd is trying to say....

If you know the stove is hot and you still decide to touch it....

You know what comes next....

Who's fault is it? The stove? I think not.

I hate to be blunt, but it is what it is...

May 2, 2017 - 4:42pm

Yes, me too

We are simply perpetuating the system and propping it up through our gambling addictions.

May 2, 2017 - 4:43pm

Clif's April ALTA Report

Just to give myself some false hope I re-reviewed Clif's April ALTA report. In it he claims that silver will be breaking out in late April into early May. I guess he still has a few days for this "prediction" to happen, unless he got his wires crossed and meant a negative price break out. If that is the case, then he really nailed it.

Dr. P. Metals
May 2, 2017 - 4:45pm

JNUG (99.599% loss)

From peak(s) to current: 99.5992682926829% loss for "investors" in this "investment vehicle".

Banksters 1: All others: 0

JNUG is fools gold.

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