GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Wednesday, January 4, 2012

Bob Chapman - Silver extremely Bullish on the medium long term

Bob Chapman - Discount Gold & Silver Trading - 04 Jan 2012 : There is a giant short position in Silver and there are no sellers , the shorts have to continue to short and they do not want to , so it is bullish short term but medium long term it is extremely Bullish

1 comment:

  1. Would like to know specifics on the short position mentioned in this segment. Last week the data showed net shorts were about as low as they've been in years, then we bounced. Between last week and this one, I doubt many institutions would add to their short positions at these prices. If anything we are seeing short covering.

    I don't know, maybe he is considering the current 15k-20k contracts "huge" but a few months ago we were at 45k. There has been a serious clean out and silver is definately bullish.


Related Posts Plugin for WordPress, Blogger...