RE: Melt down@anonymousthe volume is so low anything can happen but Bill Murphy mentioned another Comex guy has jumped ship and those big silver short positons (264 million oz's , 150 day supply recently) could be the first signs of scandle brewing and is the reason why these Comex guys are leaving those lucrative positions.
Plus I read that most of that Penoles' silver gets shipped to the USA so if that Grupo strike spreads and its getting nasty down there those silver moves could be incredible.
There is no reason for someone to sell 100 shares anonymous on a summer vacation week a unless they are on a fishing expedition.
I raised cash from other positions recently and I'll be fishing for the lows.........if it was a BIG volume sell off one might be concerned but if U still think silver is going to $20 this year then U might take a look @ some MAG.
COMEX....is a scandal brewing?
https://www.cftc.gov/opa/press07/opa5361-07.htm
https://www.cftc.gov/opa/press07/opa5347-07.htm