Economic Crisis Survival Board

[OldPro]

there will be blood...

somewhere, and soon. It's either going to be the silver shorts, or the large buyers getting into silver at these prices.

Dan Norcini articulates it well - and have seen some others confirm what he is seeing - and that is = silver has risen dramatically and yet the large shorts are not covering, but instead, increasing their short positions.

These large shorts are dealing with huge losses, and yet instead of giving in and accepting their huge loss with the hope of surviving, it appears they are putting themselves in (and likely already there) a do or die position. This cannot end well for someone.

There will be hell to pay for the losers.

See Norcini's words below on what the shorts may be feeling and check out his full description of the deadly game being played (I have also experienced these emotions and they are indeed horrid): http://www.traderdannorcini.blogspot.com/

"Having been on the wrong side of a market at various times in my career I can tell you from firsthand experience, the emotions that one deals with run the gamut from fear to despair to panic and total desperation. It is a horrid thing to live through mainly because the losses mount at such a rapid clip. What makes matters worse is that you keep waiting for a setback in price, any setback, to try to buy back those shorts and it never seems to come. Prices just keep going up and up and up and up. You learn very quickly the terrible, awful power of leverage gone awry."