Open Silver Short Positions Require 135 Days Global Silver Mining Production to Cover- Is A Comex Default Imminent?

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#1 Tue, Nov 4, 2014 - 10:10am
Smaulgld
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Open Silver Short Positions Require 135 Days Global Silver Mining Production to Cover- Is A Comex Default Imminent?

Many have been predicting for the better part of a decade that a Comex default was inevitable and in many cases imminent.

While a default is certainly possible, its not likely because Comex is not a place where people come to buy and sell silver and gold. Rather it's a place to buy and sell silver and gold long and short contracts.

Comex is a place where people sell silver and gold they don't have to people who don't want to buy it.

Here is the latest Comex short position data:

https://smaulgld.com/silver-and-gold-short-positions-comex/

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