ALERT: Commercials Cover All-Time Record Number Of Silver Short Positions! Also Covering Gold Shorts!

Gold, and especially silver (since the silver market is much smaller, and therefore more easily manipulated surreptitiously by the miscreant bullion banks) have been hammered for the last 3 weeks.  This has been obviously explained with the record number of (synthetic) short positions by the "commercials" created out of thin air (see fractional reserve banking, and paper vs. physical leverage or rehypothecation), thereby spooking the speculative longs (hedge funds) out of their money-losing positions.  The so-called "smart money" ("hedgies") are being consistently stopped out of their trades, and certainly aren't living up to their namesake.

In any case, those massive short positions have now been covered by the commercials in another episode of a "wash and rinse" cycle.  This bodes well for a recovery in silver (and gold) prices, even if the speculative longs are being carried out in a body bag.  I apologize for the many parenthetical sentences, but I put the burden on the readers to perform their own due diligence.  If you don't understand something which may be important, take ownership and research it.

In a nutshell, ignore the noise of the constantly fluctuating published (paper) prices of gold and silver.  They are being driven by an artificially suppressed market of non-existent (virtual) inventory.  Just buy physical precious metals when price dips present themselves and consider them gifts at firesale liquidation prices.  Stop trying to trade (and time the markets).  Trying to outsmart manipulated markets is a futile exercise.  You're overthinking it.  Buy the f***ing dips (BTFD) and forget about it.  You will thank yourself later if (and when) the $hit hits the fan.  Because the world is one big unicorn, right?

http://kingworldnews.com/commercials-covering-all-time-record-number-of-silver-short-positions/

UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal

To those who seek justice, this is good news--kind of.  Because the biggest manipulators are not named in this latest regulatory probe.

http://www.zerohedge.com/news/2015-09-28/ubs-about-blow-cover-massive-gold-price-rigging-scandal

Gold Shorts Cover At Fastest Pace In 13 Years

For those who don't know what a short squeeze is, imagine that you're a male and someone takes a pair of pliers and squeezes your testicles with them.  That's what happens when you sell short an asset and the price moves against your position--in this case, up.  So now you have to buy that asset back to cover your short (go "long"), competing against other buyers, which drives prices up even further.  In other words, the pliers are getting tighter.

Between the frenzy of shorts covering and the buyers buying, prices could go stratospheric.

That's today's finance class mixed in with human anatomy.  Carry on.

http://www.zerohedge.com/news/2013-08-12/gold-shorts-cover-fastest-pace-13-years