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TF Metals Report: The silver short bubble
3:45p ET Wednesday, June 24, 2015
Dear Friend of GATA and Gold:
The TF Metals Report's Turd Ferguson today marvels at the record open interest in silver futures on the New York Commodity Exchange, which, he argues, is a "short bubble" about to pop.
On the other hand, if the U.S. government, which creates infinite amounts of the world reserve currency, is essentially behind the shorting, it can go on forever, or at least until real metal runs out or the dollar ceases to be the world reserve currency.
Ferguson's commentary is headlined "The Silver Short Bubble" and it's posted at the TF Metals Report's Internet site here:
http://www.tfmetalsreport.com/blog/6942/silver-short-bubble
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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