Commercial Silver Shorts Just Hit Another New All-Time Record
So what does this mean?
Don’t normally look at kwn but here are the charts.
DANGER: Commercial Silver Shorts Just Hit Another New All-Time Record! Plus A Gold Update
So what does this mean?
Don’t normally look at kwn but here are the charts.
DANGER: Commercial Silver Shorts Just Hit Another New All-Time Record! Plus A Gold Update
The commercial short position in silver has been troubling me for some time. It’s now reached ridiculous, epic, historic proportions. The balance of probability suggests an enormous drop in the price of silver is dead ahead. I don’t know how low it would have to go before they would swap into long positions. On the other hand, if the price of silver, somehow doesn’t drop, and rises instead, can you imagine the panic and what would happen as those shorts get covered…
If you look at commodity index, one would expect a smash is due considering iron ore overhang/oversupply. The Chinese can use iron as collateral for loans. Hasn’t Armstrong been suggesting May could turn here?
Army got june/july up, april resistance 1288 and must stay above 1288 for april and do not want april gold high under 1362. Seems to make sense as it is resistance line. He speaks in many tongues so go figure. I’m sure he is is just using resistance lines and possible the 3 strikes and your out rule on the monthly highs.
Cricket balls get squeezed?
The dollar, PM’s trading ever closer to the decision point in their wedges, these enormous short positions, and geopolitics all point to something big. Soon.
Yes , something big, it is interesting how past highs/lows in charts which create the trend lines know the path to the future. I wonder if this could be plotted out on ones life as we all have gone thru major directional changes also….
Now that really is a big question. Best discussed over several beers 😉
It means the silver price is almost definitely going to take a dump soon.