RE:Bank Participation Rate: Something Happening?Good post MR.C
TF is dong a good job pulling the stats together and making a bullish case for a short squeeze. The bullion banks may be in a hurry to get out of shorts and long, in the case of JPMorgan due to the provisions coming along in the Volker Rule, though I get mixed reads off that. One, it won't be put into effect until June of next year and may be watered down in its final form to allow for "hedging.."
COTs showed that managed money was short silver for the first time in the history of the COT tracking.
Unless a massive deflation takes place that would send Silver to $10, I feel the risk reward is getting particularily friendly at this level.