I have written about the Precious Metals Cartel (PMC) and their manipulation on several occasions.
"You will notice that in 2010 there was over 800 MILLION ounces of silver being hoarded in ETFs. This figure is probably much higher 2 years later.
The amount stored in ETFs is likely a drop in the ocean compared with the Shadow Silver Market (this is shadowy market used by the precious metal cartel, they keep their physical off the books and trade amongst themselves so that no one knows just how large their speculative silver hoards really are). Often these transactions will even take place face to face at "stacker meetups" where these Paper Money terrorizing cells gather to talk about how they will "take down the system, 1 silver ounce at a time".
The precious metal cartel hoards silver (and gold!) in ETFs as well as stacking physical in order to restrict supply and manipulate the price higher." - Paper Money Shield
Normally they try and hide their activity, participating in Over-The-Counter (OTC), bullion for cash transactions, that are difficult to monitor. They then gather in informal settings to brag about their purchases over a beer or coffee with other like minded PMC criminals and plan their next artificial price floor, which they achieve by taking physical off the market and leveraging naked paper longs on the Comex.
"Rather than having to buy physical gold to defend this line, the PMC uses gold futures contracts on the comex and similar markets to leverage the capital they have to buy, buy, buy. This leverage allows them to spend much more than they really have in cash to buy gold, manipulating the price higher using artificial demand.
In the meantime they spread propaganda about the short side being unable to deliver on the physical gold contracts, even though they have a warehouse full of gold to do so... where is the PMC's warehouse full of paper money to make good on their promise to take future delivery?" - Paper Money Shield
Normally they would achieve their goals through informal communication channels or various price signals they've learned to insert in the market when they are going to initiate one of their raids to 'take up' the price. However, the PMC is starting to become more brazen and on this occasion have rolled out a spokesperson in the mining industry to try and initiate a coordinated freeze of physical metal supply to the market. See this clip where First Majestic CEO & President Keith Neumeyer calls for other mining companies to stop selling their silver in order to artificially force up the price:
"...look we're gunna suspend production for 1 month, right around the world, just for just 1 month. That would send ripples through the entire system. Supply is already tight, but it would be extremely interesting to see what would happen in the situation like that."
"I would suggest we all get together and do exactly that, I think it would be very exciting thing for all the silver companies to form a semi cartel..."
Of course silver has many other industrial applications other than speculative investment, which these hoarding "stackers" engage in, so by withholding supply to the physical market this cartel is taking aim at the injured and sick (who need the metal for medical purposes). It's use in the production of renewable energy products such as solar panels might also be affected, resulting in further fossil fuels being used to pollute the air we breathe.
These silver manipulators, the PMC, must be stopped. It's time to call these activities for what they really are, acts of terrorism. It's time we put the increasing power of national security agencies to good use and give these terrorists the punishment they deserve.
- Paper Money Shield
