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Politics : Welcome to Slider's Dugout

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To: I_C_Deadpeople who wrote (19049)	9/1/2009 1:41:21 PM
From: Ken Reidy	6 Recommendations Read Replies (1) of 49990

Silver, I'm not smart enough to understand exactly how this all fits together, but today has to be the most blatant example of shorting the silver stocks to try and get the silver price down that I have ever seen. From last Night's Midas.... Dave from Denver has been spot on re silver and notes this afternoon… It will be very interesting to see the silver o/i tomorrow. Anyone with an account not funded to take possible delivery of Sept silver has to be liquidated by today. Right now there were 3846 open contracts as of Friday and the "estimated" volume for Sept is 2209. That means that 1600 or so are still open. I bet we close today with 1500 at least. If they all stand for delivery, that's 7.5 million ozs. I bet that's why silver popped like it did going into Comex close. ///////////////////////////////////////////////////////////// Well it happened again today...they simply could not get the price of silver down despite shorting the major silver stocks way down...heck SSRI and Slw are still down 4.5% despite the metal's incredibly strong price action. For those of us who have long suffered the supression of the silver price....let's hope we are close to the point that physical demand overwhelms the comex paper shorts....

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