We all know the fundamental backround as to the supply situation regarding Silver. This morning we are right on the 200 day mvg. The chart says it is go time. The catalyst may be today’s CPI? Although, news doesn’t matter, it does contribute to excessive moves, both up and down. It also provides cover(excuse) for the authorities to “explain” why something out of the ordinary is occurring. Below is taken from Ted Butler’s latest post, helping to provide insight into additional shorting that has been going on in silver during this correction, to keep the price suppressed. “…While I’ve confined my remarks today to the 300 million ounces that BofA borrowed and sold short last year, there is another 100 million ounces borrowed and sold short since the start of this year and all told, I would estimate that at least 400 to 500 million ounces of silver have been borrowed and sold short in total. This amount of shorted silver is completely distinct and separate from the formidable concentrated short position in COMEX silver futures. It is the combination of these two separate short positions, currently totaling as much as 850 million ounces that explains the otherwise inexplicable insanely low price of silver. Furthermore, that much silver could never have been bought in the open market without launching the price to the heavens.”  This correction is long in the tooth, it is GO TIME!