Cartel confirmed to be covering their shorts

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#1 Sat, Oct 8, 2011 - 1:01am
Aeonios
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Snellville, GA
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Cartel confirmed to be covering their shorts

The latest COT confirms short covering by the cartel. Last week alone they covered 3,780 contracts, or 6% of their total short positions. Total open interest in silver declined by 387 to 100,165 contracts. Apparently people are giving up on the (more broken than usual) paper markets. I don't really blame them, either. AGQ/SLV have become completely untradeable.

As has been pointed out many times now, this is putting a great deal of stress on the spot market, as well.

Edited by: Aeonios on Nov 8, 2014 - 5:08am
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