View Full Version : Short covering today?

21st October 2008, 11:54
My spidey sense are telling me that there is some short covering going on in silver.

We have the dollar UP (pretty high), GOLD is down.

Also, did you notice on the last COT report we are down to 99,000 OI, from a high of 144,000 a few weeks ago.


21st October 2008, 14:21
Deleveraging continues, EU/Yen carry trade unwinds, gold dumps but silver rises. This suggests a bottom coming in for silver as the sell-off begins to look complete.