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Originally Posted by ff2017
I never asked for a reason, I know the reasons
You are right, emet asked for a reason. Sorry but when some snarky comment about a very complex issue relating to silver contracts, you say..."urban legend."
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In reference to Emet, I was writing that among your list of reasons, this is the primary reason for silver's move. Not that it is your primary reason. You know how the kids in 2+2 use the shorthand "+1", but I'm an old fogie, I write out sentences.
I am a young fogie, I also write out sentences.
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I'm not sure why you challenge me and then after a series of posts insulting me, then list the facts supporting my original comment. It makes you look belligerent and devalues the arguments you make in your posts that are correct, because how would newbies then be able to tell?
Insults??? This is me being nice.
Well when someone says there is more gold in the world than silver, I take it as "there is more gold in the world than silver" and not as "there is more gold inside of the earth than silver." Obv.
What about my "arguments" is incorrect?
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So looks like I'm right after all.
Ugh. Do you live in the world or inside of the earth? Lol.
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The only thing I disagree with (originally with FieryJustice) is that the banks are major net short. You are speculating as much as I am when I claim they are not hugely net short.
Yes, they use 44,000+ short contracts to hedge 1,700 longs... lol.
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I've been reading about this crap for 7.5 years and it makes no sense. JPM, for example would be wiped out if they were as short in silver as everyone speculated for the last 10 years and for what reason?
This sounds insane, knowing JPM's derivatives book is right around $80 trillion.
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You're saying the traders in the BBs are dumber than the hedgers in the gold miners?
No, I am not saying that.
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And this is what I meant is my use of Occam's Razor, it mores sense that the banks are not hugely net short over the past bunch of years as Ted Butler and his ilk claim because of some world wide conspiracy.
How were they net long over these ten years? Shanghai, London? Unreported contracts? Please let me know, you'd be the first in the world (not inside the earth) to do so.