Steer: I was none too happy to see total OI blow out as much as it did -- and we're definitely in bearish territory in this precious metal from a COMEX futures market perspective.
However, the possibility exists that they may be overrun by events & circumstance this time around.
However, the possibility exists that they may be overrun by events & circumstance this time around.
https://twitter.com/GoldSeekcom/status/1500534737248608269
"But as Ted Butler has pointed out for several decades now, if that does happen, it will be for the very first time.
As for silver, it's not nearly as bearish from as COT perspective as gold, but would certainly be included in any engineered price declines."
As for silver, it's not nearly as bearish from as COT perspective as gold, but would certainly be included in any engineered price declines."
"But the 800 lb. gorilla in the silver living room is the looming physical shortage, which now appears to be literally on our doorstep...that, combined with a short position in the COMEX futures and OTC markets that defies belief.
Then there's the sharp narrowing of price spread differentials in silver since the March delivery month began...not to mention white-hot retail sales, the likes of which I've never seen before."
#silversqueeze
#silversqueeze
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