PDA

View Full Version : silver shorts...........



Steal
14th May 2010, 11:03 AM
So, looking for others opinions. We all know the large short position that exist on silver. They can not cover at this current price, right? So, the question is can it go on indefinatly ( or do they actually think they can ) OR will silver correct hard so they can cover position? OR do they know it CAN NOT go on, but play like it is, and just the key players get out and let the whole thing crash and burn? Looking for input.

Blink
14th May 2010, 11:32 AM
I don't know. I figure if the economy carries on in this fashion ("if", yeah right) that demand for physical is going to increase. They can lie about GW and terrorists, but, even the stupidest of people will look at a certificate and know its not a replacement for physical. Now more than ever, if you don't hold it, you don't own it.....

gunDriller
14th May 2010, 12:41 PM
i don't understand the markets enough to answer.

i've looked at websites of NYMex etc. to try to get more information about trades, but i guess you have to join or something.

i think how it will look is a big table of prospective trades, where traders representing JPMorgan & HSBC effectively offer to sell large amounts of PM's at low prices.

so it would be like

$16 per ounce BUY 1 Million ounces
$16.20 per ounce ... BUY 800,000 ounces.

anyway it would help if we could look at the trading sheets to see the actual short positions.

2 people that have a pretty good idea of what they look like is Mohammed Rafeeq at
http://iamthewitness.com/

http://iamthewitness.com/audio/Muhammad.Rafeeq/TFC.SMITH.RAFEEQ.27-03-2010.mp3
/\ they took with Bill Murphy of GATA about shorts some here, and Mohammed explains his background.

of course, Adrian Douglas at GATA also knows his stuff.
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/3/30_Andrew_Maguire_&_Adrian_Douglass_files/Andrew%20Maguire%203%3A30%3A2010.mp3

Jim Rickards understands these markets too. he was one of the specialists called in to help fix the LTCM situation in 1998. that involved a naked short position on 400 tons of gold that wiped out LTCM and almost created the same domino effects we saw in 2007-2010. His website is "Omnis" or something like that.

Jim has a good interview with Eric King where he talks about the Euro $1 Trillion bail-out last weekend.
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/5/13_Jim_Rickards_files/Jim%20Rickards%205%3A12%3A2010.mp3