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Silver Wheaton Corp. Message Board

  • freetoquestionu freetoquestionu Apr 11, 2013 7:44 PM Flag

    Comex

    Something like 170,000 contracts in Silver. Is this game over? Depending on how many stand for the metal.

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    • If 100 times the available silver is sold regularly as we've been told, what do these contract numbers really mean? If the above is true, and it has been said numerous times by a number of different people, can we deflate the number to reflect reality? That would put it at approximately 1,700 legitimate contracts with the rest "window dressing".

    • In a word, NO. Open interest last week was 155,755. Higher than it has been, in fact, if you look at historical data, you'll see that Open Interest has been trending higher for the last 16 months or so. But, if you go back a bit further you'll see that in Feb 2008 Open Interest was nearly 190,000 contracts. It wasn't "game over" then............

      • 1 Reply to wskip99
      • The trend is your friend. Standing for silver is growing. If China or Russia are behind this, they don't care what the price of silver drops too, they want the metal. It's game over if the comex is dry. Where are they getting the silver? Better question: How can silver drop in price, with this much demand? Try and find junk today. If the OI increases again, in the face of todays takedown, there's going to fireworks.

 
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