Tsafi

[popeyej]

I am always skeptical when it comes to the Central Banks and the paper players. If gold and silver close up this week it will be the seventh straight week. The banks want the contracts covered and the paper players are scrambling to cover them but there are still hundreds of millions in short contracts. If recent history means anything there will be a correction by next week. This is one of the longest consecutive weekly raises in precious metals in recent history. If the Central Banks and funds do not take action this will cause a more aggressive rise in the PM prices as the shorts scramble to cover.