Here Is What Will Break The Massive Silver Short Positions

"...“How many times have I seen the type of action we witnessed last week in the last 15 years? You can set your watch by this type of action. We had big open interest and then they attack it. So down gold and silver go as they clean out the weak hands.

The metals will rebuild themselves, and one of these times it won’t happen that way. The physical market will overpower these paper players. It didn’t happen this time, but at some point it will.

I was reading a fascinating article in the Financial Times. I think it’s a worthwhile paper, but you have to understand their editorial bias, one of which is they don’t care for gold at all. They had an article in there over the weekend describing the recent action of the gold market titled, ‘Gold wobbles after mid-week selloff unsettles investors.’

They did acknowledge that when the week started, a lot of people were looking for gold to break through the key $1,800 level. Then, all of the sudden on Wednesday the yellow metal dropped sharply on large sell orders. What they didn’t comment on was, who were these large sell orders?

I would bet my life that they were the same suspects which have been pulling this stunt for the last 15 years. So the price managers pounded the gold price down and they tried to come up with some reasons for it. But how does that explain silver getting crushed?

This was the same type of action where the same people knock down gold and silver to try to give the impression that this is not a good place to invest, butt is the only place to be in my opinion. At some point the market is going to collectively going to realize this, but that day hasn’t arrived yet.”

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