I wish you would explain your data on COT's
and not just spout bearish or whatever
open interest is winding down clearly over time
given that most commercials are bullion banker dirtydogs,
this is very positive for gold price
heck, mining firms were the biggest participants in the BankEngland 20-ton gold auction
so for gold, the miners are unwinding their hedges
for silver, much less forward selling by miners
instead, they are shutting down temporarily
the amount of coproduction from zinc and lead mines is tiny
JPMorgan and Citibank have vastly reduced their short positions
they dont wanna see their nuts in a vise during squeeze
I think they have farther to go to reduce their shorts
68,000 is a lot of short silver contracts
but that figure is going down each month, what I read
this is all bullish for the gold/silver sector
what are you seeing in the data?
who do you believe commercials are?
here is my understanding
commercials include BOTH bullion bankers involved with Fed-led suppression game, AND mining firms
I read steadily that bankers are exiting their shorts slowly
while miners are covering whatever forward hedged sales they have slowly over time
bullion bouillabaise bigboy blubber-buttocked badasses see the squeeze coming
they will be led by the nose as Fed bitches for only so long
then they get out of the way, and switch coats
this will turn on a knife's edge soon
please answer this question
you didnt last time
commercials come from two flavors
I dont think many commercials are mining types having hedged forward silver sales
from what I read, many silver mines have suspended production
they are forcing the issue on price
check Apex Silver (SIL) and their annual earnings statement
it came out in late Feb, extremely impressive
my Leeb guy from Personal Finance thinks also that silver miners are forcing higher prices
since we are now way way below equilibrium prices
I read equilibrium price eventually will settle at 25/oz or so
but to get there, we will see well over 50/oz to open the mines
and they take time to get into gear with operations
this all smells like a massive short squeeze coming
and for silver alone, a mere $10-11 billion can corner the market
as in, buy up all supplies, buy controlling interest in operating mines, payola for some foreign govt officials, and paid publicity in key journals
either direct some comments to the data you point to, or dont bring it up no more
what exactly are you seeing in the numbers?
sure, shorts outnumber longs... so what?
dont make me hurt you
I will pound your ugly head with my big fists
and then sit on your wirey little body
/ jimmy impatient grunting silverback |
