This includes rigging quotes, prices or trades to create a false or deceptive picture of the demand for an asset. Securities and Exchange Commission (SEC), manipulation is intentional conduct designed to deceive investors by controlling or artificially affecting the market for a security. However, there is another, more specific definition. It may be responsible for some short-term aberrations in asset prices, including the price of silver. This sort of manipulation exists in financial markets as traders try to influence the markets. This price management scheme has now extended into platinum, palladium and copper during the last few years and this, amongst many other things, is what I write about on a daily basis.Market manipulation, also called price manipulation, can be defined broadly as a purposeful effort to control prices. Ed has been writing their daily precious metal commentary ever since.Īfter 15 years of watching, analyzing and writing about the precious metal market, Ed say, “I know a thing or two about it and, as I’ve already stated, the first thing I found out was that gold and silver prices were being actively managed.” A state of affairs that has now become obvious to all with the exception of the willfully blind. He wrote commentary for Bill Murphy over at for a number of years and about eight years ago David Galland over at Casey Research was kind enough to ask him to write for their company. In early 2000 Ed ran into GATA and silver analyst Ted Butler on the Internet and the rest, as they say, is history. Almost 20 years passed before my interest in the precious metals was revived by my broker at the time and even with the Internet in its infancy in 1999, it didn’t take long to discover that all was not as it should be with gold and silver prices.
He made a lot of money during that time period and lost a lot as well, when the whole thing came crashing down.
These big players are short 412 million ounces of silver, and it’s them versus the world. Thousands of traders use the Comex markets, but eight large investment banks control more than half of the paper metals market. There is some backwardation in silver for contracts in late 2021, revealing weaknesses in their ability to deliver. They have reduced the fees to rollover contracts to near zero. He brings us a bombshell overview of what is happening in the metals market.Įd explains how tight the silver markets have become and why the Comex is attempting to roll over as many contracts as possible to avoid delivery.
Tom welcomes Ed Steer to the show, Ed writes a weekly subscriber column on the gold and silver markets.
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