RE: Does current situation hurt short sellersChemaes....in Japan ever since the silver price has been held under $13US the Tocom short silver contracts had been increasing steady , in Murphy's Mida tonight Scott posted that over a third got covered on the 13th. Maybe time is up for the silver shorts, but I still got creamed on every silver stock I own today.
www.lemetropolecafe.com
"TOCOM:
Ladies and Gentlemen:
During the August 13th TOCOM sessions the seven big gold shorts covered 8,159 standard contracts leaving them net short 116,403 standard contracts.
https://www.tocom.or.jp/souba/gold/torikumi.html
In silver they cut their net short position by a very large 1,778.50 contracts to 3,012 contracts (60kg deliverable equivalent).
https://www.tocom.or.jp/souba/silver/torikumi.html
Have a good night,
Scott"