Short sellers now screaming of a buy side silver conspiracy

pmcollectour

Seeking Alpha

derryb

My favorite part:

"What we are seeing is the massive unwinding of a silver price control conspiracy that many of us predicted, in public or private for many years. The biggest scam in world history is ending. Sellers are now desperately trying to find metal. A lot of banks that were supposed to be storing silver are really storing air. Converting large amounts of air to large amounts of silver is difficult and bound to be costly. The process, once completed, will permanently increase the price of silver."

DrBuster

Back up the truck

ksammut

Thanks for posting this article.

derryb

look for the bernake to beat down PMs this afternoon. It won't stick for long.

goingbroke

<< <i>look for the bernake to beat down PMs this afternoon. It won't stick for long. >>

Gold, Silver Prices Pop After Fed Keeps Rates Unchanged
The Fed unveiled no surprises with its latest FOMC rate decision and gold and silver were rising as a result. Interest rates will stay low for an extended period of time, and there were no changes to policies or forecasts. One minor tweak was a slight downgrade of the economy by saying "the economic recovery is proceeding at a moderate pace" versus using the phrase "firmer footing" as it did in March.
The Fed unveiled no surprises with its latest FOMC rate decision and gold and silver were rising as a result

Bochiman

To me, short sellers are like the "don't" bettors at Craps in Vegas.......I have no sorrow for them if they lose their money.

shorecoll

I don't see it being discussed but there was a crawl on CNBC that someone bought 20Mn ounces (or more) of silver in the middle of the speech...isn't that what drove the prices up? or did it not happen?

jmski52

But, but, but.......................there is no threat of inflation and rates will remain low while the recovery continues................

Why are metals going up?????????????????????????????????????? Why? Why? Why?

streeter

I had read were the UNIV Texas bought 1 billion of gold for it's endowment fund and was looking for another 1/2 billion.

WERE in the heck does one get that amount of physical?

CaptHenway

1.5 billion simoleons is only what nowadays? A million ounces?
.
How many gold Eagles or Maple Leafs got sold last year?

Justacommeman

<< <i>I had read were the UNIV Texas bought 1 billion of gold for it's endowment fund and was looking for another 1/2 billion.

WERE in the heck does one get that amount of physical? >>



I believe they already "owned" the first part in paper. They actually requested to take delivery of physical which is the rub. Hook em' horns. MJ