From LeMetropoleCafe on Silver AG
"Perhaps the best news of the day is the word circulating on the
Comex floor to "not be short silver under any circumstances." That
comes from the folks that have been running silver up and down like
a yo-yo these past months. Riggers, or no, their comments merit the
most serious attention. Their previous calls have been on the money,
so this is another call that I am taking to heart. My guess is the
price capping of silver is NOW OVER!
Silver at these prices make no sense. It is about to FLY and could
rocket through $5 very quickly!!!
GATA's Ed Steer on silver:
Hi Bill,
Things are getting interesting in the silver market. This is the
third day in a row that we've had upward movement in silver lease
rates. Today, rates more than doubled in the front months (to
1.44%), and up 70% in the one year to 1.70%. Not a lot, but the most
activity there's been in quite a while. With the situation in silver
even more precarious than it is in gold, it bears keeping an eye on it.
Ed"
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