Gold and Silver Derivatives in Chart Form: What Market Makers Have Controlling Interests?

Here are a few charts from Sharelynx Gold regarding precious metal derivative holdings. The charts are as September 30, the latest data available. Click on any chart for sharper image.

OCC Gold Derivatives All Maturities

OCC Silver, Palladium, Plagtinum Derivatives All Maturities

Aggregate Precious Metal Derivatives

Some will point to these charts as “proof” of manipulation. I suggest it is proof of “possible” manipulation.

Is there manipulation? Of course there is. But there is no evidence to prove it is in one direction only, or that central banks are behind it all, as some maintain.

For further discussion, please see Gold Manipulation: Is it Illegal? Risk Free? What About JP Morgan?

As always, views expressed regarding charts created by other, are mine.

Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com

Mike “Mish” Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.

Mish’s Global Economic Trend Analysis

Gold and Silver Derivatives in Chart Form: What Market Makers Have Controlling Interests?