Monday, 16 May 2011

London Trader - Setback in Prices being met by Buying Huge amounts of Physical Metal

"The US side on the paper market at the Comex it appears that all of the specs are washed out, and the last time we had open interest at these levels was when silver was $28 or so on its way to $50.  The smart money as I said earlier appears to be dealing with this setback in prices by buying huge amounts of physical metal, continually accumulating it at this point."

- KWN London Source

Read the full article here: