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

Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: