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Message: Excerpt from Ed Steer....

Excerpt from Ed Steer....

posted on Apr 18, 2010 06:10PM

Pushing the envelope.

"....The '4 or less' bullion banks are short 260.9 million ounces of silver... and the '8 or less' traders are short 328.9 million ounces. This is a staggering amount considering that the net short position in the Commercial category... where all these bullion banks reside... currently sits at 276.9 million ounces. So the '4 or less' traders hold 94.2% of the net short position in silver all by themselves. The '8 or less' hold 118.7% of the net short position. The full-colour COT graph for silver is linked here."

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