COT Report Shows MASSIVE Silver Short Covering [Bix Weir, 27 April 2011]

The Commitment of Traders Report was just released by the CFTC and as many have suspected the Bad Guys used the latest silver slams to cover a serious amount of short positions.

Here's the report: http://www.cftc.gov/dea/futures/other_lf.htm

In the Bad Guy category (Producer/Merchant/Processor/User) the short postions were decreased by 5,209 contracts or over 26M ounces in a single week! As the cutoff was last Tuesday there is likely even more liquidation.

For all those stating that the silver bubble is about to burst it sure doesn't look like the Banksters believe that as they would have increased their shorts but INSTEAD THEY COVERED 26M SHORT OUNCES IN A WEEK!

Next Friday we get the Bank Participation Report for the month of April which should shed further light on the current position of JP Morgan and friends.

If they are the one's covering you can expect fireworks in the immediate future. 

The games continue!

Bix Weir [www.RoadtoRoota.com]

Silver Update 28/4/11 - Shortage [BrotherJohnF]

Peter Schiff Comment on FED Press Conf. Apr 28 2011

Silver Update 27/4/11 - Bullish [BrotherJohnF]

Jim Roger's Comments on Silver's latest up move [Wednesday 27 Apr 2011 | 7:11 AM ET]

With silver near multi-year highs, famous commodities bull Jim Rogers warned silver prices could become dangerous if they rose even further to “parabolic” levels, telling The Times of India he is keen to buy more, but would sell if the price rose too fast....
“I hope it does not happen that way. Again I own silver, I would rather see silver go down, yes, for a while, I do not know how far down, but then depending on what causes it to go down, then I hope I am smart enough to step in and buy some more,” he said.


Read FULL ARTICLE

FOMC gives Silver Bulls reasons for cheer [Trader Dan Norcini's Silver Update 27/4/11]

Silver's Next Stop $60 Dollars [April 26 2011]

Quotes of the day

"..during these times of turmoil in silver it is best to NOT LOOK AT PRICE but COUNT YOUR OUNCES and remember WHY YOU BOUGHT IN THE FIRST PLACE..." Bix Weir


"This volatility also brings along opportunity. We believe we’re only halfway through a 20-year bull cycle for commodities and investors can use these pullbacks as an opportunity to “back up the truck” and load up for the long-haul." Frank Holmes [CEO and Chief Investment Officer: U.S. Global Investors]

Don’t Sell Silver Yet, Uptrend Is Intact: Chartist [By Matt Nesto | Breakout April 26 2011]

See the Video Link HERE

Kitco Audio: James Turk sees no resistance as Silver nears uncharted territory [25 April 2011]

Peter Schiff / CNBC Fast Money 25/04/11: Unstoppable Silver

Rick Rule: Making Money in a Volatile Market [25 April 2011]

Silver trading charlatans [Apr 25 2011]

Silver - 8 hour chart update [Trader Dan Norcini: Monday, April 25, 2011]

Dan Norcini is a professional off-the-floor commodities trader bringing more than 20 years experience in the markets to provide a trader’s insight and commentary on the day’s price action. His editorial contributions and supporting technical analysis charts cover a broad range of tradable entities including the precious metals and foreign exchange markets as well as the broader commodity world. [http://traderdannorcini.blogspot.com/]

Nervous Bulls Energize Silver [By: Rick Ackerman 25 April, 2011]

Bullion quotes continue to ratchet higher, even as silver bulls (of all people!) warn that the rally has come too far, too fast. Ahh, there’s that old wall of worry  What could be more encouraging to long-term investors?  For it is only when silver’s most ardent supporters become cocksure, loading up aggressively for the next supposedly inevitable rally, that the trend will perhaps be in jeopardy – and then presumably only fleetingly.  For now, though, we need to remind ourselves that great bull markets are supposed to scare hell out of bulls and bears alike — just as this one has been doing since last autumn.  Check out the amazing spike in Silver’s weekly chart below.  While we wouldn’t attempt to argue that its parabolic pitch can be sustained indefinitely, we suspect that, no matter how ferocious the inevitable corrections yet to come,  they will look relatively innocuous years from now. For it is only at that point that we will be able to see them in the context of a long-term bull market that will have achieved heights as yet unimagined by most investors.

Read more @ ORIGINAL SOURCE

Silver reaches within 20 cents of $50 [Trader Dan Norcini: Sunday April 24, 2011]

Gold And Silver Making New Huge Moves, As China Makes Fresh Noises About Dumping The Buck [by Joe Weisenthal]

Apr. 24, 2011, 8:16 PM businessinsider.com
Gold and silver are on fire to start the week, and obviously that means the dollar is sagging hard.

There are reports of unnamed PBOC officials talking about shifting the bank's massive reserves into hard assets outside the dollar.

There's another report of a banker (via ZeroHedge) urging a massive slashing of USD reserves.

So there you go. Check out the huge spike in silver.

$50 SILVER IS NO RESISTANCE : Bob Chapman, Easter Sunday Part 2 of 2 [April 23 2011]

COMEX DEFAULT NEARS : Bob Chapman, Easter Sunday Part 1 of 2 [April 23 2011]

The Silver Bubble Debunked Part 2 - Office Series 12 [23 April 2011]