—So are you saying if these short positions don’t hold, gold and silver will go up even further than the run up in the past two weeks?
That would be the million dollar question. And NOBODY is talking about that...
Here's my thought... if the biggest holder of our foreign debt decides to walk away from it's massive short positions in precious metals... who is going to stop them?
I can only guess that the repercussions will probably destroy the integrity of our commodity exchange markets... JP Morgan and HSBC may need to be bailed out... our government may institute price controls on precious metals... or even take them away from you (all in the name of public good of course).
So in short... your paper assets may become very volatile... you may need to bury your gold and silver coins in your backyard... :)