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Zorro
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Monster Gold & Silver Short Squeeze Developing - James Turk - Goldmoney

Turk, you have absolutely the weakest understanding of the futures market I have encountered
this month. The notion that the longs will take delivery is a hysterical declaration without merit or
premise. It can not occur based on CFTC18.04.
Also holding a short contract does not obligate one to deliver a given commodity.

This excerpt from your article exemplifies your failure to understand the futures market.

"Because commercials in the aggregate do not own billions of dollars of physical inventory, the commercials have not hedged their delivery risk. They have placed their bets on the quality of paper contracts, not physical metal."

To make the statement that "they have not hedged their delivery risk" is quite ignorant when the position itself is the hedge.
A Commercial Trader is.... a trader that is commercially engaged in the use of futures contracts as a hedge. The positions are bona fide
hedges.

Commented 3718 days ago

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Beginning of the headline :With continued turmoil in major markets, James Turk told King World News that despite concerns about Friday's COT report, the gold and silver markets may now be set for a monster short squeeze that will make history. He also compared this set-up in the metals to what happened to Goldman Sachs in 2008. Read the full interview at King World News... Read More

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