Silver smashdown costing shorts a lot of metal, KWN’s London trader says

12:15a ET Wednesday, March 7, 2012
Dear Friend of GATA and Gold:
The King World News London metals trader reports tonight that, as with gold, silver — the metal, not the paper — has been massively accumulated on the latest smashdown in the paper market. He says: “The Chinese are doing the exact same thing in the silver market that they are doing in the gold market — massive accumulation on dips. … The local traders in silver are short and nervous. Everyone is short silver and so that market can move violently higher when it turns.”

via GATA

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