Relevant:
- Ted Butler: Silver Commercial Shorts Almost Completely Exited
- Ted Butler: Massive Improvement in Silver, Gold Futures Structure
- Ted Butler: Tech Funds In Bullish Positioning (Au, Ag)
- Ted Butler on Gold And Silver Short Retrenchment; Frantic Warehouse Movements (2012-05-05)
- Physical Demand For Gold And Silver Continues To Confound Bubble Believers
2016-07-09 — silver-phoenix500.com
It's not possible the commercials intended to be billions of dollars in the hole and the most plausible explanation for why they are so deep in the red is simple miscalculation. And if the commercials have miscalculated to this point, that would seem to increase the odds of continued miscalculation, leading to a total failure which I would define as aggressive short covering on escalating prices.
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