where is the silver etf heading?, page-7

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