There have been wild rumours only that someone has been trying to corner the silver market, but who would be crazy enough to ever try that again after the Hunt Brothers proved it was a formula for disaster?
But this scarcity being spoken of about silver from dealers would lead to "cornering" rumours.
But also a factor is that many silver producers at this price now will cause them to cease production.
COT numbers for GOLD and Silver in this weekends Barrons.
Order is 1)Long 2)change from week before 3)short 4) change
Gold
Large Speculator 159,313/ - 33,215/ 28,653/ - 147
Commercial Hedger 97,743/ - 900/ 253,556/ - 44,004
Small Trader 47,069/ - 6,179 /21,916/ 3,857
Silver (Comex)
Large Speculator 45,941/ - 908 /9,915/ 266
Commercial Hedger 41,559/ 6,342/ 92,209/ 1,531
Small Trader 25,231/ - 1,599 /10,607/ 2,038 |
