Wednesday, December 14, 2011

Eric Sprott on Silver Market Manipulation

Eric Sprott sheds light on his views about the horribly mis-regulated silver futures market, and explains how major banks are profiting tremendously through illegal market manipulation.

Eric Sprott, "On May 6th when silver hit $49.50 there was at least 1 billion paper ounces of silver traded in the markets I look at, I am not even talking about the derivatives market.  And the total (physical) supply on a yearly basis is 900 million ounces.  So its really a ratio of , if you take 265 trading days a year, its 265/1."

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