Is silver telling us something on where gold is going?
"We’ve seen large additions into the silver ETF’s. Continued rumors of a large buyer in the market. And a change in the trading pattern. Where the random spikes down in the market that used to sink silver a dollar or two lower are now only moving it 10 or 20 cents.Add in that the latest COT report showed a reduction in the bank commercial short position. At higher prices. Which is certainly unusual, and contrary to the trading pattern we’ve witnessed over the past 8 years. And if margin calls are issued to those who are short, it’s possible one or more of the shorts could conceivably throw in the towel."
