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Sprott Physical Silver Trust ET Message Board

  • iwynne2002 iwynne2002 May 4, 2011 4:59 PM Flag

    Call It Like It Is....

    The 20% reversal in silver over the past few days was a bull market correction spurred on by the CME. They did what they had to do to help their friends JP Morgan and HSBC who continue to short silver with both hands.

    Those calling for $15-$20 dollar silver in the next couple of weeks are flat out stupid. Why would that happen? Did the Fed suddenly stop printing money? Did our national debt situation suddenly improve? Are interest rates being raised by several hundred basis points?

    A lot of money has been made over the past three days in shorting silver, particularly in the ZSL ETF. But this tide will reverse, and if you are bullish long term you should look to start buying silver within the next couple of sessions.

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