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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: roguedolphin who wrote (75560)	3/3/2008 12:50:04 AM
From: pitbull_1_us	Respond to of 116555

That chart which I don't think can be relied upon because a chart is only as good as the data used to produce it and that chart dosen't seem to be correct to me re short interest falling during late Jan 2008 according to public comex and cftc data..My notes only go up to mid Feb 08 but my data as to positions held there as of Feb. 12, shows the four largest short traders then held a record position of 59,564 contracts, or almost 298 million ounces, That’s 170 days of production according to industry data. The eight largest traders were then net short 73,987 futures contracts, or nearly 370 million ounces, That’s 211 days of equivalent world mine production according to industry data.These were record #'s at the time.This data only includes the traders with the most concentrated as that was what my research was about.Not sure of the total short positions but you can be sure that it is at least 100%(could be 500%) of the options positions via the 100's of millions of ozs. of non existant silver certificates that have been sold through the large investment banks.Validation of this non-existant silver being sold came in the past year when Morgan Stanley agreed to settle a class action suit alleging them charging storage fees for non-existent silver and other precious metals that they had sold through their investment arms.