Biggest Fraud In History Is Coming To Light

Big story hitting the financial markets today that is the biggest fraud ever and will blow the top off the gold and silver markets.

In November 2009, Andrew Maguire, a former Goldman Sachs silver trader in that firm’s London office, …contacted the CFTC Enforcement Division to report the illegal manipulation of the silver market by traders at JPMorgan Chase. He described how the JPMorgan Chase silver traders bragged openly about their actions, including how they gave a signal to the market in advance so that other traders could make a profit during the price suppressions.

Through emails he told Eliud Ramirez of the CFTC Enforcement Division what was going to happen in the silver market before it did happen. Strong evidence that the market is manipulated.

The CFTC meeting last week about the metals markets also confirmed that there is a massive short position in the metals designed to make the USD look strong. Basically, for every ounce of physical gold and silver, there is paper equal to 100 ounces short. If you purchased a hundred ounces gold or silver on Comex and asked for delivery, you expect the metal to be delivered. What happens if everyone wanted delivery and only 1% of the claims could be satisfied? There would be a lot of darn upset people. It would be as if you sold your house 100 times over. Only one is going to be able to move in. That’s fraud!

Was it coincidence that Andrew Maguire and his wife were side-swiped in their car by a hit-and-run driver and ended up in the hospital?

Traders around the world are just waking up to the fact that there is a massive short in gold and silver and there is huge money to be made by squeezing the shorts.

Read the emails of Andrew Maguire to Eliud Ramirez of the CFTC Enforcement Division.

One Response to “Biggest Fraud In History Is Coming To Light”

  1. With the price of gold and silver at the moment, there had to be manipulation within the trading arena. Look what was happening to the oil prices a year ago!
    Too many of the tall poppies are creaming the cake to do anything about it.
    There is little chance that those responsible will ever be brought to justice…..the only ones who suffer are the 2nd and 3rd tier executives and the joeblow(you and me).

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