“The More Silver You Want, The More You Have To Pay”
In this week’s talk with National Numismatics’ Tom Cloud, we cover the debt ceiling negotiations, futures contract expirations and the activities of his biggest customers (they’re buying silver).
DollarCollapse: Hi Tom. It’s been an intense couple of weeks…
Tom Cloud: Yes, and it could get more intense. Short futures positions in silver are expiring and we’re waiting to see what JPMorgan Chase and Goldman Sachs do. If they take more short positions, silver could pierce support at $29.50/oz and fall another 3%-4%.
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