The Andrew Maguire case, the CFTC investigation and Paper Silver & Gold

Posted by Gregor Gregersen on 30 Apr 2010


Maguire added: “What’s going to happen, if you’re an Asian trader, or a non-Western trader, who has no loyalty, or doesn’t care about homeland security or anything else, who says, now wait a minute, if I can establish in my mind that there is 100 ounces of paper gold, paper silver for example, for each ounce of real silver, than I have a naked short situation here that I can squeeze and they can go on the spot market which is basically a foreign exchange transaction, short dollar, long silver to any amount they want – billions, trillions — whatever they want, and they can take this market, squeeze this market, and blow it up…”

Read the full article at Manipulating Gold (GLD) and Silver (SLV): A Criminal Naked Short Position that Could Wreck the Economy