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<p>[QUOTE="desertgem, post: 3272411, member: 15199"]It is not only the investment bankers shorting silver, it is 90% of investors. Shorting is betting it goes down further, and it has a current history in that direction. I am neutral on silver as I see external factors other than bankers that can send it even further down in the next year. Individuals such as myself or you can short right along side of JPM if we wish and make the slush off of those who think silver or gold is a no-lose option for a bad future. Mining companies are a different horse, but usually the same color. A mine has a given amount of PM and when its gone, the company has no new replacements, so if prices are down they try to cut back on excavation/refining, or they like JPM sells contracts and options for future delivery rather than selling for a low spot price.It is easy to count up what comes out of the mine, but most of PM that are traded are multi-traded, except when they fall into long term ,"never going to sell" enthusiasts, so it is impossible to know, except if there is more being offered than bought, prices will go down, if reversed, prices go up.</p><p><br /></p><p>Some people think that if the big "Whatever" happens they with their silver will be kings, or at least well off, yet most do not take the secondary needs into account. Not trying to produce argumentation, just that some factors are not singular and independent. Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 3272411, member: 15199"]It is not only the investment bankers shorting silver, it is 90% of investors. Shorting is betting it goes down further, and it has a current history in that direction. I am neutral on silver as I see external factors other than bankers that can send it even further down in the next year. Individuals such as myself or you can short right along side of JPM if we wish and make the slush off of those who think silver or gold is a no-lose option for a bad future. Mining companies are a different horse, but usually the same color. A mine has a given amount of PM and when its gone, the company has no new replacements, so if prices are down they try to cut back on excavation/refining, or they like JPM sells contracts and options for future delivery rather than selling for a low spot price.It is easy to count up what comes out of the mine, but most of PM that are traded are multi-traded, except when they fall into long term ,"never going to sell" enthusiasts, so it is impossible to know, except if there is more being offered than bought, prices will go down, if reversed, prices go up. Some people think that if the big "Whatever" happens they with their silver will be kings, or at least well off, yet most do not take the secondary needs into account. Not trying to produce argumentation, just that some factors are not singular and independent. Jim[/QUOTE]
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