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Silver smashdown costing shorts a lot of metal, KWN's London trader says

Section: Daily Dispatches

12:15a ET Wednesday, March 7, 2012

Dear Friend of GATA and Gold:

The King World News London metals trader reports tonight that, as with gold, silver -- the metal, not the paper -- has been massively accumulated on the latest smashdown in the paper market. He says: "The Chinese are doing the exact same thing in the silver market that they are doing in the gold market -- massive accumulation on dips. ... The local traders in silver are short and nervous. Everyone is short silver and so that market can move violently higher when it turns." The interview is posted at the King World News blog here:

http://tinyurl.com/8ymejhy

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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