CFTC Defines "Swaps"- Silver Shorts Have 60 Days to Comply With Spot-Month Limits
Not sure how we missed this, but the CFTC officially defined "swaps" last Friday on November 18th, giving 60 days for traders to comply with the CFTC's new spot-month position limits.
Look for:
1. Continued massive short covering and silver smashes
2. Volume to begin to decrease in spot month contracts and massively increase in non spot-month contracts.