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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (60354)5/5/2006 4:46:23 PM
From: Perspective  Read Replies (2) | Respond to of 110194
 
PAAS doesn't look all that healthy here. The message from equities isn't all that favorable, not that equities have any divine forecasting ability:

stockcharts.com

Lotsa volume on the selloff, and severe underperformance relative to the metal itself:

stockcharts.com

BC



To: patron_anejo_por_favor who wrote (60354)5/5/2006 5:57:27 PM
From: regli  Read Replies (1) | Respond to of 110194
 
"fair amount of spec shorting in the silver contracts, hmmmm......."

But a huge amount of short covering from the commercials (-9,494). Also significant reductions in open interest (-14,829) not to mention that the NYMEX is increasing margins again BUT only for the near months. Very interesting.

news.goldseek.com
"Margins for the May, June, July, and September 2006 silver futures contracts will increase to $6,000 from $4,500 for clearing and non-clearing members and to $8,100 from $6,075 for customers. All other months will remain unchanged."