Loading ...Actually the COT for silver, which is the price managers whipping boy, is bearish. Add in the same situation in the ETF betting parlors, and voila, you have a ‘surprise’ this morning for the naive.
Have you seen the open interest put/call ratios on GLD and SLV? They are .3 – meaning three times the number of calls exist.
Can the few pay the many?
No — right.
So you should know what will happen going into ETF options expiry this Friday.
The good news is the producers are being put out of business at these prices, which will eventually cause a profound and lasting physical shortage the assholes won’t be able to hide with paper.
When?
Your guess is as good as mine.
Cheers