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2010年10月15日 星期五

JPM is in trouble ?

http://www.hbwar.com/news.php?id=3111

http://www.safehaven.com/article/18524/the-long-and-short-of-whats-happening-with-silver-these-days?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+safehaven%2Fall-articles+%28Safehaven+-+Most+Recent+Articles%29&utm_content=My+Yahoo

While it can be speculated on how short covering could impact the market, a short squeeze could feed upon itself as it attracts capital. In five trading days of buying a net 3286 contracts the price of silver rose by $1. However the commercial banks are still a net 62,127 contracts short so at that linear rate it would take them 94 trading days to cover with a silver price of roughly $117. The resulting losses would be around $15 billion. Of course markets aren't linear and after the second or third week of covering traders would begin to purposefully front run and squeeze the commercial shorts so it is unlikely that the positions could be covered that low or if at all.

http://t.sina.com.cn/shbhbzz
想等白银回调后再进货的投资者可能要失望了。摩根大通6万多空头合约亟待平仓。全平仓后价格上看117美元/盎司。需要连涨94个交易日,才能完成。当然 中间会稍微调整。为何摩根大通急待平仓?答案是白银存货不是3万吨了。去年还剩4千多吨。今年初是600 吨。现在是0。全给ETF 们 抢光了。

60k contract x 5000oz/contract = 300Million oz silver, almost 50% of annual silver production, OMG