If that is all they had I think we are headed much higher.
The open interest numbers from Ed Steer are amazing. The cartel didn't/couldn't cover it's short positions.....that sets them up for a short squeeze. Of massive proportions.
As we all know the gold and silver markets have been trading differently the last two months. There is a player or players who are taking on the cartel. My guess is the Chinese but whoever it is, they will push their advantage and nail the shorts....
I would say this is no time to be out of position for the PM shares.
OK ECU...lets announce a drill program, get the GOG situation sorted out and ride this tsunami wave....where is sharkey when you need him?