Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: yoremopnhoj who wrote (25573)	12/15/2009 4:35:01 PM
From: ayn rand	Read Replies (1) \| Respond to of 71412

the article you listed is an excellent article summarizing some of the problems w PMs. as i have posted many times, ad nauseum, silver and gold represent the greatest short squeeze of our times. some have said the intial bailouts were to prevent financial disaster of many financial firms who have massively shorted silver and gold and are on the brink of collapse. it will be very interesting to see what occurs on Jan 1 2010. could be a day of reckoning for many short sellers of PMs. che sera sera. sooner or later. tic, tic, tic,

To: yoremopnhoj who wrote (25573)	12/15/2009 4:58:07 PM
From: ayn rand	Respond to of 71412

"the concentrated short position in COMEX silver futures is so extreme, that it is hard to imagine how it can be resolved in an orderly manner. The most recent data from the CFTC indicate that one US bank, JPMorgan, now holds 200 million ounces net short in COMEX silver futures, fully 40% of the entire net short position on the COMEX (minus spreads). As I have previously written, JPMorgan accounted for 100% of all new short selling in COMEX silver futures for September and October, some 50 million additional ounces. You have not seen anyone refute those findings, nor is it likely that you will." -from jesse