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TF Metals Report: Here we go again -- another silver short squeeze looms
4:21p ET Friday, June 12, 2015
Dear Friend of GATA and Gold:
The TF Metals Report's Turd Ferguson today explains why he believes that a substantial short squeeze in silver is imminent, set up by the bullion banks, which will crush the hedge funds that are short and allow the bullion banks to prepare the next silver price smashdown.
Ferguson writes: "Based upon the experience of the last two squeezes, what should we expect this time? Most likely a surge in paper silver that begins some time in the next week or so, leading to a rally that extends to and through the 200-day moving average for the July contract, currently near $16.87. I'd say the area around $17.30 is a pretty good target again. As price nears there, JPM et al. will slam the brakes, open interest will be back down after all the spec short-covering, and the entire wash/rinse cycle will begin again as price falls through the moving averages and the spec shorts come charging back in."
Ferguson's commentary is headlined "Here We Go Again -- Another Silver Short Squeeze Looms" and it's posted in the clear at the TF Metals Report here:
http://www.tfmetalsreport.com/blog/6915/here-we-go-again-another-silver-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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