Subject re: where is the silver etf heading?
Posted 19/04/06 13:44 - 42 reads
Posted by stolwyk
Post #1013796 - start of thread - splitview
One should add there are very powerful interests who have shorted a lot of silver and gold; more silver than can be produced in a couple of years.
These include Banks who have lent out Gold but are not likely to see much of it back. And the Bullion Banks who have sold the Gold lent to them by the Banks.
All in all, a powerful c-ocktail of interests who rely on much lower prices.
If these were not lowered then the shorters would have to cover, making many bankrupt and causing an extraordinary big run on precious prices.
Hence the speed used by the FED to curtail prices, otherwise this monster can't be controlled and runaway prices result.
Gerry
- Forums
- ASX - By Stock
- SILVER
- where is the silver etf heading?
where is the silver etf heading?, page-7
-
- There are more pages in this discussion • 54 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SILVER (COMEX) to my watchlist
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online