Who would want to be short such a huge position when the price
is 70% below its high?
'May 19th
report indicated that 8 traders in COMEX silver futures held a net
short position of 376 million equivalent ounces of silver, by far
the most of any commodity in terms of world production (163 days).
With silver prices at current low levels, it is puzzling why the
concentrated short position would be so large.'
Something doesn't stack up.
STAGGERING!!...More managed money contracts were bought and more
commercial contracts were sold in COMEX silver and gold futures
than ever in the more than 30 year history of the COT
report.
Maybe better to look at the mine production behind the figures...
Posted by saturn6 on 30th of May 2015 at 05:09 am
Who would want to be short such a huge position when the price is 70% below its high?
'May 19th report indicated that 8 traders in COMEX silver futures held a net short position of 376 million equivalent ounces of silver, by far the most of any commodity in terms of world production (163 days). With silver prices at current low levels, it is puzzling why the concentrated short position would be so large.'
Something doesn't stack up.
STAGGERING!!...More managed money contracts were bought and more commercial contracts were sold in COMEX silver and gold futures than ever in the more than 30 year history of the COT report.
Link
srsreport