Thanks for the good laugh Jack Flash. The article is pure hogwash!
"Hedge funds and other speculators are now so negative on the metal, that the short positions have reached the highest level in the last 17 years (possibly even longer)."
There are no 'hedge funds' going short that would rate even a miniscule bleep on the chart. Hedging to that amount (claimed) is impossible!
JPMorgan hold an insanely and criminal 35% of the total short side of the silver market and in dong so they dictate the price at will!. And for JPM to say they are hedging, they are lying through their teeth as always. JPM are the ONLY reason for the massive short on silver. They are crooks of the first degree, ably assisted by the corrupt COMEX and overseen by the regulators CFTC which meekly standby as this orchestrated criminal fraud rolls on relentlessly.
JPM simply wrought the system, driving down the price at will, using HFT system until the technical funds have their stops hit. JPM then come in clean up. It happens over & over again. There is never any logical reason for the price of silver to drop to the extent that it does. It is all bought about by collusion, deception, greed & HFT courtesy of JPM the worlds most corrupt banking juggernaut.
For as long as the JPM is doing the dirty work of the FED by suppressing the price of Silver (and gold), expect nothing until the market realizes that production cannot keep up with supply and demand. When industry starts buying silver in bulk to safeguard their manufactured products, silver will go through the roof and JPM will be incinerated in their shorts!
Hedging my A*s!
AYN Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
