by Craig Hemke, Sprott Money:
Certain precious metals analysts are once again claiming that, soon, the Banks will be “on your side”. This isn’t true, it hasn’t been true and it won’t ever be true so long as the fractional reserve and digital derivative pricing scheme continues.
Since much of the current optimism is based upon analysis of the CFTC-generated Commitment of Traders report, let’s simply take these reports at face value. We can assess whether anything has recently changed in regards to COMEX silver and determine whether or not the Banks are now “on your side”.