Wednesday, September 10, 2008
Intervention Data Piling Up
I don't believe that the government has a slush fund to manipulate the price of commodities or financial markets. However, the data that a significant intervention was made on behalf of the U.S.$ is starting to pile up. The 10x increase in the short positions in the futures markets for silver does not at appear to be a risk that anyone but a central bank or sovereign wealth fund could withstand... unless the Hunt brothers are back.
Some readers have been forwarding me data points on this issue. If you have any data points you would like to share, please forward them to me at the email address below.
Mentatt (at) yahoo (d0t) com
Posted by The Short Story Man at 8:15 AM