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<p>[QUOTE=&quot;medoraman, post: 1066182, member: 26302&quot;]Just a few points. One, regarding your point 2, backwardization is also a classic sign that the market expects prices to fall. It is not, as you claim, only indicating shortage of metal. </p><p><br /></p><p>On point 5 I would say simply that thos two banks are the market makers in this asset, and the way the markets are designed the only way to create the derivative is to short it. This is to be expected, and has always occurred. Have they shorted too much? Perhaps, but a large short position is fundamental to creating a market. </p><p><br /></p><p>For point 10, I would be extremely nervous if I were a bull about the Journal reporting on the market. The last time this market got this much press was 1980.</p><p><br /></p><p>Listen, you could very well be right about the market in 2011, I am just extremely nervous about such high speculative activity, activity that can quickly reverse and flood the market back with all of their recent purchases. Speculators proved that a couple of years ago with oil, a couple more back with housing, and a few years before that with tech stocks. Hot money moves quick, and such speculation in a market is not where I wish to be. I like investing in areas with no press coverage. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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