@sasa
as i was telling
@Verily1 last year when he was getting seriously sweaty about impending big futures/crimex meltdown he thought would occur in mid to late last year
you should never - in my view - bet for the explosion.
its why I felt personally pretty disappointed with Eric Sprott last year when he was saying Silver was going to $50 then - was just pure retail harvesting catnip from a guy who knew precisely how big a microphone he has
you should bet the trend - and any explosion becomes pure upside surprise
as I said to
@Verily1 then - one of the biggest missed tells in the silver futures market is that the BBs and JPM in particular are both on the buy and sell sides. JP Morgan is typically both been the biggest buyer and seller on any settlement.
So you cant look at futures open interest and take that as a direct indication that the BBS have lost firepower to continue their silver suppression tactics
doesnt even matter if JPMorgan metals desk is selling and JP Morgan clients are buying - most of the bars bought will loften stay within JPM's vaults and so be available for them to rehypothecate
institutions and family offices generally do not want to take real world delivery of roomfulls of silver bars
ultimately its the strength of real world demand - and in particular the dealer premium on wholesale bars atm is the better guide as to future prices outcome trends
if it explodes so much the better. but its very dangerous and bad for the sleep patterns to bet for/rely on it
