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Message: Silver

That's one hell of job they're doing to suppress the silver price, isn't it? From a low of 5 bucks to over 30 in 2 years? Sure wish they'd suppress my stock portfolio like that. I wouldn't have to work like poor old Misery Bear ever again.

As a dyed in the fur bear, I tend to take a contrary view. I hear all this talk of silver shortage and short squeeze and I ask myself: Who out there has a very large LONG position that they need to unwind? It's a small market, so to sell in size without breaking the price you'd need a steady supply of panicked end-worlders to take you out. Commercials and traders are far too canny - the moment they see you, bids get pulled and the price drops. And from that moment on, they know you're there.

So, a position of that size could take some time to unwind, and we all know the best time to sell is in a rising market. So, where's the counter- theory that says silver is being manipulated higher? I haven't seen it, and yet I see no reason it can't exist. If you think about it, it would actually be easier to perpetrate, since you have market dynamics in your favor.

I'm not saying that's the case, but as an intellectual counterweight to the suppression theory, it ought to at least be considered.

ebear

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