Bullboard - Stock Discussion Forum Credit Suisse AG USLVF

The investment seeks to replicate net of expenses three times the SP GSCI Silver index ER. The index comprises futures contracts on a single commodity. The fluctuations in the values of it are intended generally to correlate with changes in the price of silver in global markets.

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Credit Suisse AG > Potential Silver Short Squeeze

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Post by SmokinWillie on Jun 03, 2017 4:51pm

Potential Silver Short Squeeze

Adam Hamilton on Seeking Alpha thinks we have a potential silver short squeeze prior to the FOMC meeting on the 14th. He states there is a large amount of short sellers and a small amount of longs on the silver futures.

If this is true, we may get shorts covering and longs buying prior the FOMC meeting which will raise the price of silver. Seems like a good time to buy USLV.

Anyone care to comment on this.. Willie

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