Since lingus and stinky seem to think that SLW is over loaded with "bag holders" lets see how many here are in the black and how many in red. No need to post your buy ins but feel free if you like. Share amounts not needed, just whether you are holding the bag or in the money.
I will start
3 bagger on fist traunch 2 bagger on rest
You have to realize that the number of short positions have increased dramatically with the upward move in silver.
With the upward move in Silver spot, contrary to the belief that shorts are covering, the short positions have grown.
thankyou enviro, this I will agree is a plausable explanation for existance (if true) for massive short silver position going into a bull market (that has been coming clear as day for some time now), is that it's a few big institutions lumbering along doing what they have always done. well, I hope it's true. the longs in SLW would certainly benefit from that kind of squeeze!!!
see, that's the problem with this Butler story. there's no reasonable explanation for why pro commodities traders would do anything this stupid.
The plunge protection team is no rumour, but I doubt they would have anything to do with silver, and that commodities traders would do their bidding even if so.
<Okay. Incredible. So who are the individual owners of these contracts (just big banks?), and why would anyone bet against this market, especially commodity traders? I really don't get this. What are (were) they hoping to do?>
Maybe there is something to the Plunge Protection Team rumor. If they were acting as agents of the govt. trying to support the dollar, it would make sense why the SEC hasn't stepped in. Of course, if it makes me a millionaire, I could care less why they did it. I'm just glad I'm not in their shoes.