Jim’s Mailbox

Posted at 10:37 AM (CST) by & filed under Jim's Mailbox.

Bill,

BOOM!!! someone just bought 50 – 5,000 ounce contracts of Silver for delivery between $15 and $14.88. The last 2 trades were at $14.88. This is done to control the futures prices and is the exact reverse of what should be happening. Draining the Comex is still the play.

Looks like the buyer triggered some selling out in the futures. Right now I see another order for 62 more contracts at $14.735…Someone has figured the game and is taking them on in the physical purchases…

J.J.