Shorts....Getting CaughtHere, is today, is part of Ed Steen's Gold and Silver report.. It talks about the Wall Street bank J P Morgan...covering their "short position" and buying into the market on Friday afternoon....the short bubble is about to explode....and when that happens all the shorters will be trying to cover their short positions in Gold and Silver....With the Chinese....and probably the Indians setting the floor price.....gold will never fall in the near future. It has only one way to go...up...up...and away.
Here is part of the article...with the rest on the address below........Richard
"Ted Butler wrote a piece on this issue for his private clients on Wednesday, November 11th... Remembrance Day... and here's a snippet from his essay entitled "The Breaking Point"; "My analysis has always convinced me that it's just one U.S. bank that holds, effectively, the bulk of the concentrated silver and gold Comex short positions, and that JPMorgan is that bank. While I'm still unsure whether JPM will be able to rig one more sell-off, it's important to recognize the hole they are in and the danger associated with them being cornered. Regardless, we are getting very close to the final breaking point, in which something big will develop in silver... If a sell-off can't be rigged by JPMorgan and they get caught with the "full pants down", the price rally will prove epic. Allow me to rephrase that. With, or without, a sell-off... the eventual price rally in silver will prove epic.""
Here is the full article
https://www.caseyresearch.com/displayGsd.php