I listened to the webcast. Sorry it took me so long to respond.
It was a beautiful, warm sunny day on the West coast today. Took the edge off getting my ass handed to me this week in PM stocks!
There were a couple of interesting and funny items on the webcast. Beatty ducked the question on massive Comex shorting, but almost inadvertently used the word "chicanery". The other funny item was a questioner's comment that based on our governments' less than transparent dealings in the gold market, he doubted whether China would fess up to it's silver moves.
I think it's pretty obvious that China has been selling, probably 30-50 million ounces a year. They have a fiat currency to prop up, so I'm wondering if they'll follow through on the suggestion to open up silver ownership to their own populace. Overall, I rate China a bearish influence on silver price.
Finally, I really don't mind if 4 big players are short a billion ounces of silver. For every short, there has to be a long, and supply and demand will eventually rule. If there is that much exposure, it only means the move, when it comes, will be quick, large and nasty.
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