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At the link to the S.E.C. below – there is an archive of
“fails to deliver equity” data whose original source is the DTCC
[Depository Trust Clearing Corporation].
http://www.sec.gov/foia/docs/failsdata.htm
What is presented below is an analysis of September 2011 “fails
to deliver” equities which are understood to represent physical gold
and silver bullion in the market place. The individual instruments are
aggregated on a coloured, daily gross ounce basis to show the serial and
systemic nature of the DRAMATIC SHELL-GAME build in [naked] short ounce
equivalents – which, when one considers the Jeffrey Christian Constant.
It was back in March, 2010 – at CFTC hearings in Washington that expert
testimony was given by C.P.M. Group Chairman, Jeffrey Christian where he explained,
Precious metals are financial assets - and like
currencies, T-Bills and T-Bonds they trade in paper at a multiple of a
hundred times the underlying physical.
Using the “Jeffrey Christian constant” that 100 ounces of
“paper metal” can expected to be transacted for every ounce of
physical – we can “model” by “grossing-up” the
effect of “understood-to-be”
physical sales [but really a criminal, naked-short, shell game] by a factor
of 100 to understand the amount of futures selling we should expect in
response to any serial, systemic, pre-meditated, criminal, naked-shorting.
This sheds new light on the dramatic decrease of Large Commercial Net
Shorts [LCNS] on COMEX we have experienced in September 2011.
We shall call this method of grossing-up what are understood-to-be physical transactions the JCGUFF [Jeffrey Christian Gross-Up Fudge Factor] to give us
expected sales of COMEX paper ounce equivalents.
It’s important that everyone understand that Jane & Joe Sixpacks, as well as Hedge Fund Managers who purchase the
securities listed below ACTUALLY believe that they have bought physical metal.
Note of what S.E.C. has to say about Naked Shorts / FAILS:
Here’s what the S.E.C. has to say on
their website:
Please note
that fails-to-deliver can occur for a number of reasons on both long and
short sales. Therefore, fails-to-deliver are not necessarily the result of
short selling, and are not evidence of abusive short selling or
“naked” short selling. For more information on short selling and
fails-to-deliver, see http://www.sec.gov/spotlight/keyregshoissues.htm, http://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm, and http://www.sec.gov/rules/final/34-50103.htm.
Response: While fails-to-deliver can occur for a number of reasons –
SERIAL, SYSTEMIC, SHELL-GAMES only occur for ONE REASON brothers and sisters
– and it is CRIMINAL.
Anyone reading this material is more than likely acquainted with the
CFTC’s long-running discussion and stalling on the imposition of
position limits in gold and silver futures. The whole world has been aware that
the Large Commercials have long maintained an untenable short position in
both silver and gold – and speculated on how financially ruinous it
would be if they were ever forced to cover their positions.
With the CFTC making recent public overtures that position limits may
be implemented and enforced in the near future – the need for the Large
Commercial Shorts to reduce their positions has never been more acute.
It’s widely understood that a HUGE percentage of equity trading
nowadays is conducted via algorithmic computer trading. The data below is a nuts-and-bolts break-down of what is undoubtedly an
algorithmic trading program – one designed to serially and systemically
naked-short physical bullion equivalents to produce the desired effect of a
cascade of selling in paper bullion futures.
The equity products listed in the data set below exhibit the following:
For those of you playing at home, ishares
silver are measured 1 for 1 in silver ounces –
same thing for ETFS Silver Trust. Sprott Phys
Silver is conservatively counted as representing 1/3rd oz. of Ag.
ETFS Gold and SPDR Gold are measured as being 1/10th oz. gold. ishares Gold and Sprott Phys. Gold are measured as being 1/100th
of and oz. of Au. Colours are used to delineate days of the month. Under each
coloured panel is the aggregate selling of physical ounces for each day and
under that [the JCGUFF] - the
amount of paper selling such naked shorting would be expected to yield.
………………..S.E.C.
Report for the first half of September
2011………………………
20110901|46428Q109|SLV|8535|ISHARES
SILVER TRUST|40.44
20110901|464285105|IAU|2681|ISHARES
GOLD TRUST|17.82
20110901|78463V107|GLD|11783|SPDR
GOLD TR, SPDR GOLD SHS|177.65
20110901|85207H104|PHYS|10577|SPROTT
PHYSICAL GOLD TRUST UNI|15.9
20110901|85207K107|PSLV|10088|SPROTT
PHYSICAL SILVER TR UIT |19.38
Sept. 1/11: Phys. Naked Short approx. 11,897 oz. Ag, 1,310 oz. Au
JCGUFF
applied: 1,189,700 oz. Ag,
131,000 oz. Au
20110902|26922Y105|SGOL|345|ETFS GOLD TR SH|181.29
20110902|46428Q109|SLV|15019|ISHARES
SILVER TRUST|40.52
20110902|78463V107|GLD|663|SPDR
GOLD TR, SPDR GOLD SHS|177.8
20110902|85207H104|PHYS|15027|SPROTT
PHYSICAL GOLD TRUST UNI|15.95
20110902|85207K107|PSLV|11937|SPROTT
PHYSICAL SILVER TR UIT |19.48
Sept.2/11: Phys. Naked Short approx. 18,998 oz. Ag, 184 Oz. Au
JCGUFF
applied: 1,899,800 oz. Ag,
18,400 Oz. Au
20110906|26922X107|SIVR|976|ETFS SILVER TR SHS|42.98
20110906|78463V107|GLD|8494|SPDR
GOLD TR, SPDR GOLD SHS|183.23
20110906|85207H104|PHYS|8589|SPROTT
PHYSICAL GOLD TRUST UNI|16.48
20110906|85207K107|PSLV|31458|SPROTT
PHYSICAL SILVER TR UIT |20.22
Sept. 6/11: Phys. Naked Short approx. 11,462 oz. Ag, 935 oz. Au
JCGUFF
applied: 1,146,200 oz. Ag, 93,500 oz. Au
20110907|26922X107|SIVR|34537|ETFS SILVER TR SHS|41.88
20110907|26922Y105|SGOL|79|ETFS
GOLD TR SH|186.46
20110907|46428Q109|SLV|798|ISHARES
SILVER TRUST|41.00
20110907|85207H104|PHYS|4375|SPROTT
PHYSICAL GOLD TRUST UNI|16.55
20110907|85207K107|PSLV|43668|SPROTT
PHYSICAL SILVER TR UIT |19.79
Sept. 7/11: Phys. Naked Short approx. 36,793 oz. Ag, 412 oz. Au
JCGUFF
applied: 3,679,300 oz. Ag,
41,200 oz. Au
20110908|26922X107|SIVR|114086|ETFS SILVER TR SHS|41.37
20110908|26922Y105|SGOL|800|ETFS
GOLD TR SH|180.51
20110908|46428Q109|SLV|80461|ISHARES
SILVER TRUST|40.50
20110908|464285105|IAU|232474|ISHARES
GOLD TRUST|17.75
20110908|78463V107|GLD|6428|SPDR
GOLD TR, SPDR GOLD SHS|177.08
20110908|85207H104|PHYS|9866|SPROTT
PHYSICAL GOLD TRUST UNI|16.04
20110908|85207K107|PSLV|30233|SPROTT
PHYSICAL SILVER TR UIT |19.43
Sept. 8/11: Phys. Naked Short approx. 204,624 oz. Ag, 3,144 oz. Au
JCGUFF
applied: 20,462,400 oz.
Ag, 314,400 oz. Au
20110909|26922X107|SIVR|228145|ETFS SILVER TR SHS|42.03
20110909|26922Y105|SGOL|16570|ETFS
GOLD TR SH|185.28
20110909|46428Q109|SLV|54809|ISHARES
SILVER TRUST|41.22
20110909|78463V107|GLD|74191|SPDR
GOLD TR, SPDR GOLD SHS|181.78
20110909|85207H104|PHYS|27175|SPROTT
PHYSICAL GOLD TRUST UNI|16.45
20110909|85207K107|PSLV|516|SPROTT
PHYSICAL SILVER TR UIT |19.80
Sept. 9/11: Phys. Naked Short approx. 283,126 oz. Ag, 12,179 oz. Au
JCGUFF
applied: 28,312,600 oz.
Ag, 1,217,900 oz. Au
20110912|26922X107|SIVR|2807|ETFS SILVER TR SHS|41.37
20110912|26922Y105|SGOL|1713|ETFS
GOLD TR SH|184.20
20110912|46428Q109|SLV|45389|ISHARES
SILVER TRUST|40.52
20110912|464285105|IAU|39863|ISHARES
GOLD TRUST|18.12
20110912|78463V107|GLD|10228|SPDR
GOLD TR, SPDR GOLD SHS|180.70
20110912|85207H104|PHYS|44786|SPROTT
PHYSICAL GOLD TRUST UNI|16.31
20110912|85207K107|PSLV|125488|SPROTT
PHYSICAL SILVER TR UIT |19.56
Sept. 12/11: Phys. Naked Short approx. 90,025 oz. Ag, 1,118 oz. Au
JCGUFF
applied: 9,002,500 oz. Ag,
111,800 oz. Au
20110913|26922X107|SIVR|8276|ETFS SILVER TR SHS|39.98
20110913|26922Y105|SGOL|900|ETFS
GOLD TR SH|180.13
20110913|46428Q109|SLV|15915|ISHARES
SILVER TRUST|39.14
20110913|464285105|IAU|500|ISHARES
GOLD TRUST|17.72
20110913|78463V107|GLD|193839|SPDR
GOLD TR, SPDR GOLD SHS|176.67
20110913|85207H104|PHYS|1225|SPROTT
PHYSICAL GOLD TRUST UNI|15.87
20110913|85207K107|PSLV|45340|SPROTT
PHYSICAL SILVER TR UIT |18.86
Sept. 13/11: Phys. Naked Short approx. 86,113 oz. Ag, 2,045 oz. Au
JCGUFF
applied: 8,611,300 oz. Ag,
204,500 oz. Au
20110914|26922X107|SIVR|122|ETFS SILVER TR SHS|40.69
20110914|26922Y105|SGOL|25532|ETFS
GOLD TR SH|182.00
20110914|46428Q109|SLV|10545|ISHARES
SILVER TRUST|39.87
20110914|78463V107|GLD|5651|SPDR
GOLD TR, SPDR GOLD SHS|178.54
20110914|85207H104|PHYS|601625|SPROTT
PHYSICAL GOLD TRUST UNI|16.13
20110914|85207K107|PSLV|226339|SPROTT
PHYSICAL SILVER TR UIT |19.24
Sept. 14/11: Phys. Naked Short approx. 39,304 oz. Ag, 9,134 oz. Au
JCGUFF
applied: 3,930,400 oz. Ag, 913,400 oz. Au
………………..2nd half of
Sept……………………
20110915|26922X107|SIVR|74711|ETFS
SILVER TR SHS|40.42
20110915|26922Y105|SGOL|42017|ETFS
GOLD TR SH|180.63
20110915|46428Q109|SLV|24267|ISHARES
SILVER TRUST|39.59
20110915|464285105|IAU|24488|ISHARES
GOLD TRUST|17.77
20110915|78463V107|GLD|157115|SPDR
GOLD TR, SPDR GOLD SHS|177.21
20110915|85207H104|PHYS|93462|SPROTT
PHYSICAL GOLD TRUST UNI|15.88
20110915|85207K107|PSLV|61668|SPROTT
PHYSICAL SILVER TR UIT |19.07
Sept. 15/11: Phys. Naked Short approx. 119,534 oz. Ag, 20,772 oz. Au
JCGUFF
applied: 11,953,400 oz.
Ag, 2,077,200 oz. Au
20110916|26922X107|SIVR|908|ETFS SILVER TR SHS|39.60
20110916|26922Y105|SGOL|38256|ETFS
GOLD TR SH|177.74
20110916|464285105|IAU|2646|ISHARES
GOLD TRUST|17.47
20110916|46428Q109|SLV|1080|ISHARES
SILVER TRUST|38.79
20110916|78463V107|GLD|318763|SPDR
GOLD TR, SPDR GOLD SHS|174.39
20110916|85207H104|PHYS|62061|SPROTT
PHYSICAL GOLD TRUST UNI|15.75
20110916|85207K107|PSLV|157808|SPROTT
PHYSICAL SILVER TR UIT |18.65
Sept. 16/11: Phys. Naked Short approx. 54,590
oz. Ag, 36,347 oz. Au
JCGUFF applied: 5,459,000 oz. Ag, 3,634,700
oz. Au
20110919|26922X107|SIVR|1409|ETFS SILVER TR SHS|40.19
20110919|26922Y105|SGOL|5808|ETFS
GOLD TR SH|179.38
20110919|46428Q109|SLV|106835|ISHARES
SILVER TRUST|39.39
20110919|78463V107|GLD|535732|SPDR
GOLD TR, SPDR GOLD SHS|176.03
20110919|85207K107|PSLV|120471|SPROTT
PHYSICAL SILVER TR UIT |18.9
20110919|85207H104|PHYS|20|SPROTT
PHYSICAL GOLD TRUST UNI|15.88
Sept. 19/11: Phys. Naked Short approx. 148,404
oz. Ag, 54,153 oz. Au
JCGUFF applied: 14,840,400 oz. Ag, 5,415,300
oz. Au
20110920|26922X107|SIVR|72311|ETFS SILVER TR SHS|39.48
20110920|26923A106|PALL|21983|ETFS
PALLADIUM TR SHS BEN INT |70.71
20110920|464285105|IAU|32675|ISHARES
GOLD TRUST|17.36
20110920|78463V107|GLD|8549|SPDR
GOLD TR, SPDR GOLD SHS|173.27
20110920|85207H104|PHYS|105769|SPROTT
PHYSICAL GOLD TRUST UNI|15.48
20110920|85207K107|PSLV|106607|SPROTT
PHYSICAL SILVER TR UIT |18.70
Sept. 20/11: Phys. Naked Short approx. 107,846
oz. Ag, 2,237 oz. Au
JCGUFF applied: 10,784,600 oz. Ag, 223,700 oz.
Au
20110921|26922W109|GLTR|13387|ETFS
PRECIOUS METALS BASKET TR|108.72++
20110921|26922X107|SIVR|98556|ETFS SILVER TR SHS|39.60
20110921|464285105|IAU|33264|ISHARES
GOLD TRUST|17.62
20110921|78463V107|GLD|273369|SPDR
GOLD TR, SPDR GOLD SHS|175.78
20110921|85207H104|PHYS|12430|SPROTT
PHYSICAL GOLD TRUST UNI|15.85
20110921|85207K107|PSLV|87333|SPROTT
PHYSICAL SILVER TR UIT |18.90
Sept. 21/11: Phys. Naked Short approx.
127,667++ oz. Ag, 27,792++ oz. Au
JCGUFF applied: 12,766,700++ oz. Ag,
2,779,200++ oz. Au
20110922|26922X107|SIVR|150536|ETFS SILVER TR SHS|39.32
20110922|46428Q109|SLV|8496|ISHARES
SILVER TRUST|38.56
20110922|464285105|IAU|11404|ISHARES
GOLD TRUST|17.40
20110922|78463V107|GLD|44716|SPDR
GOLD TR, SPDR GOLD SHS|173.59
20110922|85207K107|PSLV|38815|SPROTT
PHYSICAL SILVER TR UIT |19.04
20110922|85207H104|PHYS|1707|SPROTT
PHYSICAL GOLD TRUST UNI|15.75
Sept. 22/11: Phys. Naked Short approx. 171,970
oz. Ag, 4,602 oz. Au
JCGUFF applied: 17,197,000 oz. Ag, 460,200 oz.
Au
20110923|26922X107|SIVR|100|ETFS SILVER TR SHS|35.66
20110923|26922Y105|SGOL|12333|ETFS
GOLD TR SH|172.41
20110923|46428Q109|SLV|4602|ISHARES
SILVER TRUST|34.9
20110923|78463V107|GLD|30680|SPDR
GOLD TR, SPDR GOLD SHS|169.05
20110923|85207K107|PSLV|90889|SPROTT
PHYSICAL SILVER TR UIT |17.37
Sept. 23/11: Phys. Naked Short approx. 34,998
oz. Ag, 4,301 oz. Au
JCGUFF applied: 3,499,800 oz. Ag, 430,100 oz.
Au
20110926|26922X107|SIVR|207|ETFS SILVER TR SHS|30.57
20110926|26922Y105|SGOL|30234|ETFS
GOLD TR SH|162.92
20110926|46428Q109|SLV|3800|ISHARES
SILVER TRUST|29.98
20110926|78463V107|GLD|59049|SPDR
GOLD TR, SPDR GOLD SHS|159.80
20110926|85207H104|PHYS|18772|SPROTT
PHYSICAL GOLD TRUST UNI|14.11
20110926|85207K107|PSLV|94913|SPROTT
PHYSICAL SILVER TR UIT |14.52
Sept. 26/11: Phys. Naked Short approx. 10,264
oz. Ag, 9,114 oz. Au
JCGUFF applied: 1,026,400 oz. Ag, 911,400 oz.
Au
20110927|46428Q109|SLV|39014|ISHARES
SILVER TRUST|29.77
20110927|464285105|IAU|31146|ISHARES
GOLD TRUST|15.79
20110927|78463V107|GLD|85955|SPDR
GOLD TR, SPDR GOLD SHS|157.58
20110927|85207K107|PSLV|63863|SPROTT
PHYSICAL SILVER TR UIT |14.40
20110927|85207H104|PHYS|1776|SPROTT
PHYSICAL GOLD TRUST UNI|13.87
Sept. 27/11: Phys. Naked Short approx. 60,301
oz. Ag, 8,923 oz. Au
JCGUFF applied: 6,030,100 oz. Ag, 892,300 oz.
Au
20110928|26922X107|SIVR|1027|ETFS SILVER TR SHS|31.79
20110928|46428Q109|SLV|27773|ISHARES
SILVER TRUST|31.18
20110928|464285105|IAU|42370|ISHARES
GOLD TRUST|16.11
20110928|78463V107|GLD|3476|SPDR
GOLD TR, SPDR GOLD SHS|160.63
20110928|85207H104|PHYS|2694|SPROTT
PHYSICAL GOLD TRUST UNI|14.32
20110928|85207K107|PSLV|2148|SPROTT
PHYSICAL SILVER TR UIT |14.99
Sept. 28/11: Phys. Naked Short approx. 29,516
oz. Ag, 796 oz. Au
JCGUFF applied: 2,951,600 oz. Ag, 79,600 oz. Au
20110929|26922X107|SIVR|927|ETFS SILVER TR SHS|29.41
20110929|46428Q109|SLV|25192|ISHARES
SILVER TRUST|28.85
20110929|464285105|IAU|37771|ISHARES
GOLD TRUST|15.65
20110929|78463V107|GLD|621|SPDR
GOLD TR, SPDR GOLD SHS|156.20
20110929|85207H104|PHYS|656|SPROTT
PHYSICAL GOLD TRUST UNI|13.92
20110929|85207K107|PSLV|13822|SPROTT
PHYSICAL SILVER TR UIT |13.6
Sept. 29/11: Phys. Naked Short approx. 30,726 oz. Ag, 445 oz. Au
JCGUFF
applied: 3,072,600 oz. Ag,
44,500 oz. Au
20110930|26922X107|SIVR|54979|ETFS SILVER TR SHS|30.55
20110930|26922Y105|SGOL|5657|ETFS
GOLD TR SH|160.74
20110930|464285105|IAU|30299|ISHARES
GOLD TRUST|15.81
20110930|78463V107|GLD|17156|SPDR
GOLD TR, SPDR GOLD SHS|157.70
20110930|85207H104|PHYS|4238|SPROTT
PHYSICAL GOLD TRUST UNI|14.06
20110930|85207K107|PSLV|7169|SPROTT
PHYSICAL SILVER TR UIT |14.25
Sept. 30/11: Phys. Naked Short approx. 57,368 oz. Ag, 2,624 oz. Au
JCGUFF
applied: 5,736,800 oz. Ag, 262,400 oz. Au
Look at how the serial NAKED SHORT was rotated through the
“physical” exchange traded gold and silver bullion instruments
over the course of September 2011 – creating the reactive selling of paper ounces on COMEX of 5+ million
ounces naked short gold on Sept. 21 and 17+ million ounces of silver on Sept
22.
Now, let’s remember how the REMARKABLE decrease in LCNS [Large
Commercial Net Shorts] on COMEX as described by Gene
Arnsberg:
“In
the five reporting weeks just since September 6, as the price of gold fell as
much as nearly $350 at one point, before snapping back up to settle a net
$213.19 or 11.4% lower (as measured on Tuesdays, from $1,874.87 to $1,661.68)
the combined commercial traders have covered or offset an eye-opening 59,236 contracts or 26% of
their collective net short positioning. Indeed last week‟s COT report
(Oct 4), showing 164,751 contracts of LCNS was the lowest net short stand by
the commercial traders since the post 2008-crash positioning of April, 2009.”
Each COMEX gold contract is 100 oz. 50,000 x 100 = 5 million.
Moving on to Silver: There are 5,000 ounces of silver in a COMEX
contract.
17 million / 5,000 = 3,400
Mr. Arnsberg reminds us in a recent piece that LCNS for silver dropped
by some 26,478-contracts [or 56%] – we would do well to remember that
the silver market is smaller and trades much thinner than gold [i.e. the
silver market reacts much more to stimulus on a percentage basis than gold]
and is much less leveraged than gold due to countless margin increases
already in place. In layman’s terms: a gold COMEX player needs to put
up $U.S. 11,475 in margin for a 100 oz. contract controlling $U.S. 160,000.00
worth of product while a silver investor must put up $U.S. 24,875 in margin
for a 5,000 oz. contract worth a little less than $U.S 160,000 at
today’s prices.
Conclusions:
The data above outlines an algorithmic, naked-shorting, shell-game
which has been perpetrated on our Capital Markets in a co-ordinated fashion
with the complicity of the CFTC, the U.S. Treasury, The Federal Reserve and
quite possibly the S.E.C. as well. The object of this criminal exercise
is/was to create a plausible path for bullion banks to reduce their systemic,
serial gold and silver short positions while hopefully maintaining some
illusion of “free markets”.
The large, main-line precious metals ETFs [the ones sponsored by the
likes of J.P. Morgan, Barclays, HSBC et al] were created for a reason folks.
They were developed to serve as “tools” to enable ongoing
manipulation of the traditional inflation sanctuary metals – suppressing
their prices in the face of MASSIVE, GLOBAL, FIAT CURRENCY DEBASEMENT.
The shell-game outlined above is VERY REAL, is being conducted by
depraved lunatics we call our “leaders” and has severe
geo-political and economic implications.
We better start dealing with this in a more transparent manner or
humanity has a date – in the very near future – with Armageddon.
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