The Big Overhang in Silver is Gone– says Bob Chapman—

The Big Overhang in Silver is Gone– says Bob Chapman—
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Tuesday, October 11, 2011
Bob Chapman : I believe that JP Morgan Chase and HSBC which are holding 90 percent of the silver shorts have covered almost all of them– Period..
Now what are they going to do ? They are going to do what any person would do, who is in the market to make money they are going to go LONG ….
The short game is over, when we will get to 50 dollars there will be no resistance, because these guys will be long in
front of you.
They’ll make a pile of money and if it runs to $100 they
will sell, and they’ll double it and go short back to $75.
See you people out there can’t think like a trader , I did
it for 25 years. I know how the game works, and The Big Overhang in Silver is Gone. That’s why they delay the
CFTC meeting from the 4th of October to the 18th gives
them time to settle all their trades. So the answer to your question : BUY it is going one way straight right to $50/oz, same thing with GOLD it is going back up to $1923/oz and
it is going to go through up to $2200/oz and it could happen within the next month, Gold might run to $3000/oz by the
end of February …
http://www.youtube.com/watch?v=sL01qcrKypg&feature=player_embedded
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This is not a buy recommendation—we shall follow along
and see how rite Chapman is–
Edge—