COMEX Commercial Silver Net Shorts Lowest in Eight Years

[phideaux]

COMEX Commercial Silver Net Shorts Lowest in Eight Years

I tried but the formatting gets messed up too much when I try to copy/space. Article and charts here.

http://www.gotgoldreport.com/2011/10...ht-years-.html

[CopperSilverGold]

From the article:

Bottom line: The market price of silver is liable to do anything very short term, but the largest of the largest commercial traders are positioning as though they believe that silver has a great deal more upside than the opposite.

For the week silver down $1.84 or 5.8% - LCNS down 5,339 or 22% - to the lowest LCNS in 8 years. This suggests little confidence by the comercials in lower silver prices looking ahead.

[Silver Buck]

While I haven't done the research (yet), I'd say that a lot of shorts were closed out after 'Operation Twist' caused the price of everything to tumble.

I mean, who in a short position wouldn't take advantage of a daily profit that the Government served them on a platter?

Especially at the end of a quarter?

And which long wouldn't close out a position when faced with repetitive margin calls (when also facing the end of a quarter)?

This isn't rocket science.