Commodity Trade Mantra

Posts Tagged ‘Comex Silver Futures’

The Manner will be More Shocking than the Rise in the Price of Silver

At the heart of the unprecedented move higher in the price of silver is the manner in which it will occur. It will be a price move like no other – the greatest short covering rally in history. That’s guaranteed because the COMEX silver short position is the largest & most concentrated short position in history. The largest short position ever holds the potential for the greatest short covering rally ever.

Despite Irrational Selloff; Fundamentals Support Higher Silver Prices

Within the past month, silver has gone from being one of the best-performing assets in financial markets to giving away almost all of its gains this year, but one mining executive remains optimistic on the precious metal during this volatile period. Precious metals will see higher volatility in prices, while markets will remain relatively range-bound until fundamentals come back into focus.

A Bullish Breakout for Silver Prices more Probable than Rally Reversal

Interestingly, silver prices look stronger than gold at this point. The silver bullish traders continued to boost their bullish net positions in silver futures & want to see a strong breakout above $19. Seasonality in silver prices could play an important role in the weeks to come. The coming weeks will be extremely interesting and also important for the silver market.

Impossible to Fully Comprehend the Looming Upside Shock in Silver Prices

There are several forces that seal the fate of the seven big COMEX silver shorts. None of us will be able to fully comprehend the upcoming shock to the upside in silver prices. This has little to do with price per se, just the mechanics of the market; but it will be seen most vividly in price. When the big shorts start to buy back their shorts to the upside, the world of silver will have changed.

Here's what could Amount to be "The Game-Changer" in Silver (and Gold)

If possible lower silver prices don’t result in the liquidation of the new longs, then it is hard for me to see why silver prices would stay depressed & won’t in time race higher. This is an equation where the price could move quite disproportionately to the upside, despite the appearance of a bearish market structure. For that reason, I am further resolved against selling silver at this time.

Physical Silver Shortage & Short Squeeze will Trigger a Huge Rush for Delivery on Comex

A great rush for actual delivery on COMEX silver contracts is likely to come from industrial users once a physical shortage becomes apparent. Some combination of a delivery rush or a short squeeze is certain to come. When silver prices begin to rise strongly these large shorts will quickly lose control & start to buy back their short positions & thus contribute mightily to the price blow-off.

Robust Industrial Metal Sector Drives Silver Up - Hedge Funds Attracted

Analysts have been bullish on silver for 2017 as its industrial component is expected to shine in an environment of stronger global economic growth. Money managers have extended their net length in silver for four straight weeks. The tailwind from a robust industrial metal sector has been one of the drivers behind silver’s out-performance against gold during this time.

It's Time for Gold and Silver Equities to Rally Again

A move through $1,400 gold will once-and-for-all dispel any belief that 2016’s gold and silver rallies were nothing but “bear market rallies.” A weekly close above that level will not only set up a test of the 2011 peak north of $1,900, it will finally silence the fools calling for $850 gold. Meanwhile, the predictive power of the gold and silver miners has once again prevailed.

JPMorgan's Stockpile of Physical Silver Guarantees Higher Silver Prices Ahead

The one factor that just about guarantees much higher silver prices is that JPMorgan Chase, has accumulated the largest privately owned stockpile of physical silver in world history over the past five years – 500 million ounces. All JPMorgan has to do to guarantee that silver prices will soar to the heavens is Nothing; specifically, not sell additional contracts of COMEX silver short on the next big rally.

Five Years That Have Changed The Silver Market Forever

Everything from COMEX silver warehouse movement, deliveries against futures contracts, changes in the big silver ETF, SLV, sales of silver coins from the U.S. and Royal Canadian Mints point to the massive accumulation of silver by JPMorgan. They are positioned to make $100 billion or more in a runaway silver market. They will make $1 billion on a $2 rise in silver prices.

Silver Investment Demand Is Draining The Vaults Of Comex

Some major precious metals depots around the country, such as those in Los Angeles, completely ran out of all forms of pure silver last week, and mint owners are scouring the country to lock up the silver they need to keep production running. The scenario is deeply frustrating for mints that should be having a heyday in this period of high silver investment demand.

Fundamentals Indicate The Price Of Silver Must Increase Dramatically

Its astounding how the acceptance, that silver and gold prices are manipulated by COMEX trading has grown. Silver prices are set on the COMEX when speculators adjust futures positions. Fundamentals will dictate the future price of silver, but they have zero influence on short to intermediate term pricing. That’s why I focus so closely on COMEX positioning.

One Of The World's Largest Silver Miners Slams The CFTC About Silver Market Manipulation

A Canadian silver miner has decided to take the CFTC to task about the concentrated shorting in Comex silver market. We salute First Majestic with this first public appeal by a corporation to CFTC to stop the rigging in the silver market, but have absolute certainty that this complaint too will promptly end up in trash.

The Biggest Silver Haul in History

The big buyer is exploiting a loophole in the law that requires the Mint to produce to whatever the demand might be. So JPMorgan artificially depresses silver prices via short sales on the COMEX and then requests that the US Mint sell it all the Silver Eagles it can produce. JPM wants all the silver it can get its hands on.

Silver Price-Fixing Conspiracy Theorists Lose Battle But Continue War

Despite legal arguments presented by dozens of appellants, the US Second Circuit Court of Appeals ruled that silver price manipulation theorists had legally failed to show that JPMorgan had manipulated the silver market. The alleged silver price fixing by JPMorgan may be headed to the Supreme Court

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