People who can barter with physical goods will likely be in better shape than those who don’t. I am just upgrading the quality of my particle masks for construction projects and enjoying dips in the spot price of silver.
Data published in the Commitments of Traders (COT) reports over the past four reporting weeks indicate a number of highly unusual changes in COMEX silver futures positioning. One such highly unusual change is the emergence of a big managed money trader on the short side...
The one saving grace for higher silver prices is the physical shortage, which grows more pronounced daily. Surely, continued suppressed prices will not resolve the physical shortage, regardless of continued regulatory failure.
Yes, I am convinced a real and present danger and emergency exists in COMEX silver, mainly as a result of the new 100 million oz long and short position created over the past three days which can’t help but result in extreme price volatility dead ahead.
This pop higher in silver price could be a false breakout, but considering how long it has been overdue, I’ll certainly be playing it as the real deal. The hour is too late to do otherwise.
And, for the fourth week in a row, the '5 through 8' big Silver shorts decreased their net short position, this time by 1,661 contracts -- and are currently short 17,850 COMEX contracts, which continues to be a very positive development.
Silver’s widening array of uses is pressuring available supplies, and the delta between silver use and silver production may already be larger than thought.
According to the Silver Institute's World Silver Survey, the silver market has been in an alarming deficit for the past two years. World Demand is at all-time highs.
The US Mint is more vulnerable to a squeeze at the moment, and when confronted would have no counter. Admitting to a silver shortage would be the dream stackers have been waiting for.
