COMEX JUL 2011 volumes soaring

So are they short or long...? Isn't that what determines if there will be said lid on it. If they are all long, I'm thinking it is good, no?

Please explain in novice terms :)
 
Wow if this isnt bullish then I dont know what it is. Looks like June is going to be fireworks towards delivery month of July.Maybe even much sooner ;)

What are your thoughts Trader reading this?
 
silverlover said:
Wow if this isnt bullish then I dont know what it is. Looks like June is going to be fireworks towards delivery month of July.Maybe even much sooner ;)

What are your thoughts Trader reading this?
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sl, not sure about bullish but, it's shapping up to be their last card they are playing and they are playing it hard.....

If noone sells their physical and take advantage of the prices to buy more, it will make things very very interesting.....

SLV holders should take delivery immeditatelly....

Kyle at 0hege just released this interesting figures from SLV holders :




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http://www.zerohedge.com/article/presenting-slvs-largest-holders


Interesting times ahead.... it will be hunting time again..... the problem will be to find physical not at so premium prices....

cheers have a good day all
 
Just to double check Trader, each contract is worth 5000 x ounces, so with whats going on..Im guessing that July is standing for possible delivery worth about 750,000,000 ounces? Thats what I was thinking. And if thats the case,and physical supply is to be even lower at that time...that could create fireworks.

Much thanks
 
silverlover said:
Just to double check Trader, each contract is worth 5000 x ounces, so with whats going on..Im guessing that July is standing for possible delivery worth about 750,000,000 ounces? Thats what I was thinking. And if thats the case,and physical supply is to be even lower at that time...that could create fireworks.

Much thanks
Click to expand...

Im guessing what im looking for is Open Interest numbers, and this is merely just contracts changing hands? Thanks
 
for a nub like me, do all the low ball future contracts mean, those people THINK silver will be that approx price in June/July?
 
Fingers crossed this is people locking in low prices for physical delivery. If so, the latest down-turn in the price could actually be the final nail in the coffin!
 
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