Banksters Are Making Two-Billion-Dollar Bet Against Silver

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Author	Replies: 5 / Views: 1,665
leon1998 Pillar of the Community United States 586 Posts	Posted 02/19/2016 4:28 pm Today's released weekly silver futures report: Swap dealer/Banks LONG SHORT 25,391 51,341 That is NET SHORT of 25,950 contracts! considering each contract has 5,000 oz and roughly US$15 per oz ... about 1.95 Billion dollar net short position. Here is the link from CFTC.gov http://www.cftc.gov/files/dea/cotar...lf021616.htm Edited by leon1998 02/19/2016 4:41 pm Report this Post to the Staff

Cascade Pillar of the Community United States 7390 Posts	Posted 02/19/2016 4:40 pm Don't do it leon! Report this Post to the Staff
leon1998 Pillar of the Community United States 586 Posts	Posted 02/19/2016 4:43 pm @Cascade, Are you selling? Report this Post to the Staff
Cascade Pillar of the Community United States 7390 Posts	Posted 02/19/2016 5:12 pm Physical?... Heck to the NO! Not yet anyway. Give me a huge quick spike over $20 and I might consider it. A slow crawl to over $20 I might wait longer and play it by ear. All depends on on how it unfolds though if / when it happens. Timing is key and I see the runners warming up waiting for the call to hit the field Report this Post to the Staff
thq Pillar of the Community United States 3344 Posts	Posted 02/20/2016 11:12 am In the fall of 2014 I sold royalty trusts heavily to settle an estate. I had no idea what would happen to oil and gas prices over the following year. But I learned what it feels like to sell on the crest. And an old lesson - high yield will not save a stock's value in a downturn - was reinforced. Gold and silver are at cyclic highs. Many factors can change this in either direction. But the current prices are what they are. If you need cash it's a good time to sell, and kick yourself if they go higher. If you like to gamble it's a good time to short, and kick yourself if you get squeezed. At least metals have none of the yield (cap gains and dividends) temptations that equities have. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire Report this Post to the Staff
moxking Rest in Peace United States 17900 Posts	Posted 02/20/2016 1:33 pm That's quite a short bet difference. Gambling on silver is always easiest when the prices are doing SOMETHING, either up or down. Sitting forever in a 50 cent range does nothing for buying or selling. Report this Post to the Staff
	Replies: 5 / Views: 1,665

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