Silver Shorts Reported

[webmaster]

Subject:Silver Shorts Reported
By: Jason Hommel, Silver Stock Report

Overview: Antal Fekete responded again, and I was going to take the time to continue our debate on the dangers and harm of debt and usury and whether the silver shorts are naked short, but there is too much to report about short selling to get into the theory of that today. Also, there is an easy and practical solution that we can do to fix things. Buy physical silver, take delivery, and store it yourself! And contact Jim Sinclair!

Link: http://news.silverseek.com/GoldIsMoney/1213796934.php

[valerb@bellsouth.net]

Would SLV holders be better protected if they were to obtain the actual certificates from their brokers. That is, to make sure they were "not" the holders for SLV being shorted?

[JesterJay]

Isn't the SLV an ETF? Similar to a mutual fund. One would own shares of the fund. Redeemable in cash or silver if they have enough shares to qualify for silver delivery.
If this is true then the "shorts" are spread out evenly among the share holders.
Of course, if I am wrong, then forget all that stuff I just typed and my answer is,
"I don't know."
JesterJay



Would SLV holders be better protected if they were to obtain the actual certificates from their brokers. That is, to make sure they were "not" the holders for SLV being shorted?

[FedFixNix]

Once again I am impressed by the determination of Mr. Hommel to expose the naked shorts in the silver market.

More than expose, he is crusading against it.

I do have to wonder about his advice to the Hunts about how to play the PM game. They seem well versed on the art of monopolizing or cornering markets, and thereby realizing huge gains. And I seriously doubt that they care much for Hommel's ethics or morals.

I am wondering how to handle these developments, as I am fairly evenly divided between holding physical silver and the SLV ETFs, along with some gold and other commodities.

It's been many years since I would touch the Dow or Nasdaq, except perhaps to short certain stocks, if I were into playing futures or short-selling. I'm not.

And I'm not certain that the SLV ETF "shorting" in really that. If they are selling shares and placing orders for the silver to cover the shares, can you call it "shorting" simply because they can not get delivery of physical silver for weeks or months? Wouldn't that situation be covered by their contractual allowances for "market conditions".

Anyway, there are just questions that occurred to me, and may not be relevant at all.

What I am sure is relevant is that there is naked short selling going on that is keeping the price of silver and gold suppressed. And this seems to be motivated by perhaps a greater effort on behalf of the Federal Reserve Systems to create an infinite amount of credit-based money and use it to keep the dollar and the Dow on life-support. If all that is not illegal it is only because they are the ones who write the laws, or control the corrupt politicians who write the laws that protect such monstrous crooks.

Sack the Fed. Have government create money at 0 percent interest and spend it into existence on durable infrastructure like schools, roads, bridges, libraries, utilities, and other natural monopolies, and loan it at low rates to sound capital investment projects.

Do away with fractional reserve banking entirely. The banks should not have the power to create credit/debt money out of nothing.

If we don't change things fast, they will change themselves by self-destructing. That process has already begun.

Go get them, Jason! It's time we returned some ethics and morality to our money, banking and market systems.

FedFixNix

"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain." -- Napoleon Bonaparte, 1815