Monday, November 1, 2010

Silver squeeze may be imminent

In the past couple years, I've read much about the supposed shortage of silver, and run through official government websites to see who's holding most of the open short interest in silver and gold, and came to basically the same conclusion as the gold and silver bug conspiracy theorists about commercial bank-dealers (specifically, JP Morgan) holding huge size short.

Now I read an interesting rumor about some other major players possibly going for blood.

Should be an interesting market going forward.  As expressed earlier, my opinion is that economic fundamentals support a much bigger move upward in the coming years anyway.