Opinions Vary On Silver

The old World War II slogan "Loose lips might sinks ships" implied that unguarded talk might give useful information to the enemy. Loose lips are suggesting everything from a mania on the verge of collapse to $100 silver by the end of 2011.

The range of opinion leads inevitably to the famous Dirty Harry's quote:
(Link) View more Dirty Harry Sound Clips and Clint Eastwood Sound Clips

The message of the market (opinion) is the only one that matters. It continues to reflect a market in transition from control to chaos. Connected money continues to cover the short positions into strength rather than weakness. Furthermore, retail money despite all the cries of pressing silver to break the big silver short is surprisingly absent on the long side. In addition, the futures chain continues to display strong backwardation. These setups are undeniably bullish.

Silver London P.M Fixed and the Commercial (C) & Nonreportables (NR) Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest


Silver London P.M Fixed and the Commercial Traders COT Futures and Options ZScore Weighted Average of Long & Short As A % of Open Interest