Who Are The Silver Shorters?
Road to Roota offers a rundown on the firms that have been shorting silver and holding down the prices of the precious metal for many years. Almost all of these firms are gigantic banking conglomerates like Barclays Capital Inc., Goldman Sachs & Company and ABN AMRO Clearing. The only big non-banking firm involved is Virtu Financial, run by Vincent Viola, once the chairman of the New York Mercantile Exchange. who else used to run NYMEX? Why, Bernie Madoff, before leaving to form Madoff Investment Securities!
Bix Weir returns to SGTReport to document the multi-decade international banking silver rigging scheme and the Reddit-Wall Streets Bets move to break it. As Zero Hedge notes, the establishment can print all the paper silver it wants, but there is no physical supply… and that likely ends badly for those attempting to suppress reality for too long.