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<p>[QUOTE="GoldFinger1969, post: 26568662, member: 73489"]You present some strong arguments, PMB. On the surface, it looks like a compelling reason for a moonshot.</p><p><br /></p><p>However....the move in silver this year looks pretty orderly to me.</p><p><br /></p><p>If all these problems were really material to the supply/demand condition, I think the price would have had some huge 1-day moves up like 10-15% or more, PMB.</p><p><br /></p><p>Trading is NOT my specialty in finance but the rise in silver has been accompanied by other PM rises. It looks orderly, in-line with other PMs, and I think the settlement problems are just overstated.</p><p><br /></p><p>The problem I have with these short position cataclysmic arguments is that they've been around for years with no move. There appear to be lots of ways to settle trades without driving the price up.That's what I mean...this was MISREPORTED.</p><p><br /></p><p>First, other items were affected: trading in gold, oil, and interest rate swaps.</p><p><br /></p><p>Second, the data center isn't owned by CME anymore, it's controlled by a PE firm.</p><p><br /></p><p>I don't even understand how a 24-hour outage amounts to a conspiracy to control the price but it's happened before with other trading instruments. You can always claim <i><b>force majure </b></i>if there is a delivery/settlement issue.</p><p><br /></p><p>I just don't think these things provide any springboard for a rapid, long or short-induced move higher.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 26568662, member: 73489"]You present some strong arguments, PMB. On the surface, it looks like a compelling reason for a moonshot. However....the move in silver this year looks pretty orderly to me. If all these problems were really material to the supply/demand condition, I think the price would have had some huge 1-day moves up like 10-15% or more, PMB. Trading is NOT my specialty in finance but the rise in silver has been accompanied by other PM rises. It looks orderly, in-line with other PMs, and I think the settlement problems are just overstated. The problem I have with these short position cataclysmic arguments is that they've been around for years with no move. There appear to be lots of ways to settle trades without driving the price up.That's what I mean...this was MISREPORTED. First, other items were affected: trading in gold, oil, and interest rate swaps. Second, the data center isn't owned by CME anymore, it's controlled by a PE firm. I don't even understand how a 24-hour outage amounts to a conspiracy to control the price but it's happened before with other trading instruments. You can always claim [I][B]force majure [/B][/I]if there is a delivery/settlement issue. I just don't think these things provide any springboard for a rapid, long or short-induced move higher.:eek:[/QUOTE]
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