With the record amount of silver short positions in the COMEX 3 weeks ago, silver was due for a waterfall decline, which materialized. It looks like many of those shorts covered, which means the bottom is probably in.
Note: one of these days, those huge short positions will be caught in the wrong direction, and a massive short squeeze will take these shorts out on a stretcher. Until that day, the miscreants will continue to manipulate the silver pits.
http://kingworldnews.com/alert-commercials-just-covered-massive-number-of-silver-short-positions/
Friday, May 5, 2017
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