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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 387.98

+1.3%

Nov 28 4:00 PM EST

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To: TobagoJack who wrote (65326)	8/14/2010 2:35:42 PM
From: carranza2	Read Replies (1) of 218106

I feel bullish. The time for gold is near. I do, too. Although silver has many useful industrial applications, and the economic recovery is non-existent, anemic, whatever, the short position on it is huge. This suggests a bit of a squeeze is possible. I may go long silver in a smallish way to pick up a scalp or two, see if my mojo works. v3.caseyresearch.com The Commitment of Traders report showed almost no change in silver. The Commercial net short position rose by a very small 210 contracts... and now sits at 52,753 contracts... which [multiplied by 5,000] comes to 263.8 million ounces. The '4 or less' bullion banks are short 227.6 million of that amount... and the '8 or less' bullion banks are short 304.7 million ounces. On a net basis [once all the spread trades are removed] these '8 or less' bullion banks are [conservatively] short 64% of the entire Comex silver market. caseyresearch.com

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