raid!! cartel smashes silver back under $35, page-17

Jeff Christiansen admitted in a CFTC hearing that gold and silver trade in the multiple of 100 times the underlying physical metal. This is on the record. It's fact.

tarecq, I'm pretty sure Jeff C has clarified his position on this since, suggesting he was talking about volume, rather than leverage e.g. see this CPM document from 2000:

"With the start of the London Bullion Market Association’s release of monthly trading data, the market has become aware that 100 times more gold and silver trade hands each year, just in the major markets, than is produced or used. Some market participants have wondered aloud how 10 billion ounces of gold could trade via the major markets each year, compared to 120 million ounces of total supply and demand, while roughly 100 billion ounces of silver change hand, compared to around 628 million ounces of new supply."
Link

I assume I don't have to explain the difference between volume of trade over a year and leverage as you have implied it was?

Like GATA and many others, you simply take others out of context, look for conspiracies which aren't there (to the extent implied) and dismiss any clarification being provided by those who you're quoting.

The "whistle blower" Andrew Maguire claims to have worked in the industry, yet no background confirmation has been provided and when queried on this those that support him just weasel their way around the questions.