Another silver article on 'The Coming Silver Price Eruption' http://www.marketoracle.co.uk/Article37847.html The Commercial shorts (the red line) now stand at 99,317 contracts.
The paper panzies will simply keep pointing their toes and doing pirouettes and will just keep the fraud going indefinately... :lol:
Some other views saying there is no shortage. And there isn't and backwardation in silver http://www.goldchat.blogspot.com/2012/12/plenty-of-silver.html?m=1
I have found there is still a lot of small silver available. However, a lot of silver and gold is selling because of the Mayan calender panic at the moment. The 1966 50cent and ASE are really flying out the door.
Last time there was a "Silver Shortage" it was just a shortage of manufactured silver blanks. They had the silver, just not in a form that they could readily convert into product.
Shortage? Doesnt China have a massive stockpile of the stuff. There is shtloads of the stuff around, I don't pay too much attention to shortage stories.
Everytime I saw on auction sites alot silver for sale by old and new names I read about shortages on forums. Everytime afterwards I was able to buy at a 25% or more dropped price. I guess some need to talk about shortages to convince others to buy at the 25% or more increased prices. If I had done it everytime, I'd have alot less silver than I have now.
And the NonCommercial longs stand at the same 99,137 contracts. Those are people that speculated on higher prices, the taking of their long positions drove the price up, they accumulated profit on their margin accounts. And now it's waiting till the day that they don't see enough people buying anymore. Then they gonna dump those long positions. Then the Commercials will cover their short positions too. Can't leave a position that doesnt have a counterparty anymore haha. The only real question is when they gonna start to dump en masse. Usually it's at a central bank action and the consequential bigger dollar/euro trend reversal. And then that 'Price Eruption' will be replaced by 'OMG 2008 is coming back!' To make people sell at lower prices, so that they can buy back in cheaper.
