Apparently, the price increase isn't really seen as a lasting one, since they hedge against it. The futures markets total net position serves as a hedge indicator. http://www.cftc.gov/dea/options/other_lof.htm http://www.cftc.gov/dea/futures/other_lf.htm http://www.kitco.com/charts/historicalsilver.html 17/06/2014 22838 $19.640 <- a total net position of 22838 x 5000 ounces, price that day end $19.64 FUTURES 22838 Producer/Merchant/Processor/User Long 17292 Short 39921 Net: -22629 SwapDealer Long 36705 Short 36914 Net: -209 ManagedMoney Long 36380 Short 30142 Net: 6238 OtherReportables Long 11953 Short 4854 Net: 7099 SmallTraders Long 24007 Short 14506 Net: 9501 FUTURES+OPTIONS 22393-22391 Producer/Merchant/Processor/User Long 22640 Short 42768 Net: -20128 SwapDealer Long 36761 Short 39026 Net: -2265 ManagedMoney Long 34632 Short 29498 Net: 5134 OtherReportables Long 11783 Short 4515 Net: 7268 SmallTraders Long 25676 Short 15687 Net: 9989 10/06/2014 14322 $19.210 FUTURES 14322 Producer/Merchant/Processor/User Long 16368 Short 38078 Net: -21710 SwapDealer Long 40466 Short 33078 Net: 7388 ManagedMoney Long 35455 Short 39270 Net: -3815 OtherReportables Long 13137 Short 5216 Net: 7921 SmallTraders Long 25014 Short 14798 Net: 10216 FUTURES+OPTIONS 12078 Producer/Merchant/Processor/User Long 21435 Short 41072 Net: -19637 SwapDealer Long 41727 Short 34168 Net: 7559 ManagedMoney Long 33178 Short 39301 Net: -6123 OtherReportables Long 12795 Short 5023 Net: 7772 SmallTraders Long 26277 Short 15849 Net: 10428 03/06/2014 9640 $18.780 FUTURES 9640 Producer/Merchant/Processor/User Long 16409 Short 36740 Net: -20331 SwapDealer Long 42374 Short 31683 Net: 10691 ManagedMoney Long 35166 Short 42804 Net: -7638 OtherReportables Long 14612 Short 6208 Net: 8404 SmallTraders Long 25023 Short 16149 Net: 8874 FUTURES+OPTIONS 6750-6751 Producer/Merchant/Processor/User Long 21498 Short 39916 Net: -18418 SwapDealer Long 44320 Short 32652 Net: 11668 ManagedMoney Long 32331 Short 42933 Net: -10602 OtherReportables Long 14329 Short 6051 Net: 8278 SmallTraders Long 26231 Short 17156 Net: 9075 27/05/2014 14230 $19.08 20/05/2014 17597 $19.44 06/05/2014 20349 $19.64 <- exact same price as 17/06/2014, while position 22838-20349=2489 less, so the current one is "worser", they see more price risk. In other words: 12,445 Moz more (the relative matters of course) silver has been sold since. 28/01/2014 21033 $19.59 31/12/2013 24772 $19.435 06/08/2013 10300 $19.43 02/07/2013 7769 $19.44 So stackers, beware of to da moons! Even if it goes to $2000, if it falls back the next day to $20 then da moon was as irrelevant as the color of your pants. Alot of us saw $50 on their screen, but how many saw it on their orders?
