BIX WEIR – Accuses CFTC of being formed to Hide the Manipulation of Metals, Says JP Morgan is the ONE bank in control of Silver and Silver should be $8250 per ounce.
Bix Weir has lots to say in his latest newsletter. He released a portion of it to the public and has asked that it be distributed around the net.
He accuses the CFTC of being formed by the government for the reason of “Hiding all the manipulation” in the commodities/silver market. He says they are the control of keeping the manipulation unchecked.
Bix also says JP Morgan is the ONE bank that has Billions in the silver derivative market for the one purpose of manipulating it. He claims silver should be at $8250 an ounce due to the really supply versus demand of it.
We have all read for years now about the manipulation of silver. Many of us have expected it to end. At some point we do all realize that the Federal Reserve is behind the manipulation through JP Morgan. What that means is they have unlimited money and resources to keep the manipulation going.
I personally don’t see the manipulation ending any time soon. The facts are JP Morgan can have all the billions they need constantly to manipulation the silver market through the Fed. They can add on billions a day of shorts of it and then they can dump 1 years worth of silver mining in one day as they did last month. They dumped almost a years worth of silver mining in under a weeks time, first when Ron Paul was holding up a silver ounce to Bernanke and again on April 3rd. After that they put more shorts on.
Yet Silver is the most important metal in the world, it is used and necessary in more things than any other metal. So there is a real demand that the supply at some point will stop being able to furnish the silver to.
BIX WEIR – Morning Liberty – April 12, 2012