TF Metals Report: Infinite imaginary supply from futures keeps silver down


11a HKT Tuesday, April 4, 2017

Dear Friend of GATA and Gold:

The TF Metals Report's Craig Hemke explains today how creation of futures contracts purporting to represent infinite supply of commodities, silver in particular, is used for price suppression purposes, making the commodity futures markets very different from the ordinary stock markets. The TF's Metals Report's analysis is headlined "Econ 101 -- Silver Market Manipulation" and it's posted here:

Indeed, back in 2001 the British economist Peter Warburton surmised that central banks had more or less induced their investment bank agents to expand greatly the use of derivatives like futures contracts to divert into financial assets the inflation created by central banks, keeping that inflation away from commodities, whose rising prices would manifest themselves plainly in consumer price indexes.

Warburton concluded that any commodity market that was attached to a futures market would be suppressed by investment banks at the instigation of central banks and that the only investment hedges against inflation that would succeed would be commodities for which no futures contracts were traded.

Warburton's essay, "The Debasement of World Currency: It's Inflation But Not As We Know It," is posted at GATA's internet site here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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