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To: pitbull_1_us who wrote (75511)	3/2/2008 1:34:26 PM
From: Dan3	Read Replies (2) \| Respond to of 116555

Re: According to my information there are over 300 million ounces of silver sold short.That is more silver than is in existence New silver is being mined at a rate of about 640 million ounces per year. Note that the graph is in tons per year: en.wikipedia.org The graph is based on USGS mineral survey data. So the amount that's been shorted is less than 6 month's production. Don't go betting your retirement on the notion that some overwhelming shorting is being done on silver.

To: pitbull_1_us who wrote (75511)	3/3/2008 12:37:55 AM
From: Cactus Jack	Read Replies (1) \| Respond to of 116555

That is the Ted Butler thesis to the letter. jpg

To: pitbull_1_us who wrote (75511)	3/3/2008 12:52:34 AM
From: The Vet	Read Replies (1) \| Respond to of 116555

"there are over 300 million ounces of silver sold short " 300 million ounces @ $20 an ounce is $6 billion in my book... Now just what would China need another $6 billion US dollars for? Just to add them to the $1 trillion pile that they already have and can't get rid of, and which continue to lose their buying power day after day.... It seems to me they would be better off covering the short positions for cash and keeping the silver. Anything else would be economic madness! Of course this theory depends on the fact that the Chinese are the backers of the silver short position, something that I have a hard time trying to reconcile, simply because it doesn't make much sense to me... As a major holder and producer of the world's silver, why would the Chinese be interested in continuously capping the price?