So About That Speculative, And Undisputed, Silver Bubble…
Submitted by “Tyler Durden” on 05/09/2011
Yes: according to the CFTC, the level of non-commercial net longs in silver is, in the weekending May 3, at the lowest since July 28, 2009. So while one could speculate that silver mayhave been in some pseudo-bubble back in October 2010, when net specs hit over 50,000contracts, the most recent reading of 23,354, which is merely the latest in a downward slopingtrend starting in February, alas throws a lot of very cold water over the whole silver bubblepopping thesis.
Click to read more: So About That Speculative, And Undisputed, Silver Bubble…
Copy this Link to Share Article: