Denninger and others have been saying this for quite some time. The GATA guys have been on this for probably more than a decade. It’s been well known forever that just a few of these players are basically the entire short position in the silver market.
Yes, and many have come forward with evidence presented to the CFTC.
I'd call the two sources below "somewhat" reliable? :)
U.S. Government Officially Receives Evidence of Gold and Silver Price Manipulation
GATA credited for exposing gold, silver market manipulation
Even so, one should diversify IMO.
“Denninger and others have been saying this for quite some time. The GATA guys have been on this for probably more than a decade. It’s been well known forever that just a few of these players are basically the entire short position in the silver market.”
Well, I would imagine if you went to one of these major broker-dealers and asked: “Are these your positions?”, they would say, “No, sir, those belong to OptionsXPress, we just do the clearing for them”. If you went to OptionsXPress, and asked them, they would say “Yeah, these are the positions of the guys who open accounts and trade with us. Just so long as they put up enough cash for the margin requirements, we take their orders.” So things may not be as transparent as you think.