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SLV SILVER. The 10 year plan
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[QUOTE]Originally posted by a surfer: [QB] The whole story in link. http://www.investmentrarities.com/01-15-08.html In gold, the eight largest traders accounted for 95% of the all the COMEX commercial selling in the past three weeks (with the 4 largest making up most of that amount). Without this concentrated short selling, prices would have climbed much higher. The remarkable fact is that the natural hedgers, the gold mining companies, have been retreating from forward selling, leaving the question open as to who the heck the sellers are and what is their legitimacy? At precisely the time the gold miners hold the lowest forward sale position in many years, the four largest traders on the COMEX hold a record net short position of 75 days of world mine production and the 8 largest traders hold a short position of more than 104 days world production. Gold’s concentrated short position, expressed in days of world mine production is the largest of any commodity other than silver. The 4 or less traders in silver are now net short more than 282 million ounces, or more than 161 days of world mine production, another ugly new record. The 8 largest traders are net short almost 200 days of world mine production. Not only is this a record for silver, it is so far beyond a record for any commodity that I can confidently predict that no commodity will ever again have such a preposterously large short position. [/QB][/QUOTE]
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