Agoracom: Small Cap Investment - Silver Standard Resources

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SSO on the TSX, SSRI on the NASDAQ

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aitakahashi

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the smoking gun, part 2

posted on Mar 03, 2009 06:35AM

this is from ted butler's latest essay:

Once again, the recent sell off in silver is explained by the market structure on the COMEX. Once again, clear new evidence of manipulation has been presented. Once again, this evidence is contained in the CFTC-issued Commitment of Traders Report (COT), rendering the source data as reliable.

The most recent COT, for positions as of Feb. 24, indicates another new manipulative milestone. The "true net" concentrated short position of the four largest traders rose to the highest level in history, some 72.5% to 76% of the entire COMEX silver futures market. Not only is this the largest market concentration in silver, it is the largest concentration in any commodity futures market, long or short, ever.