Basically all dollar driven assets are going down, primarily due to the run up in the yen. This came from the "Carry trades" where people borrowed the yen at near zero interest and place the money at higher interest, or into dollar based metals and stocks, etc. Now they need to pay the yen back, thus running the price up and dollar down. The other thing, IMO, is the secrecy of the large hedge funds. As in any business, when things are going along rosily, there are no concerns...but when you see others in the same industry (HF), running for cover, nobody wants to be the "last man standing" - and that will affect dollar based assets as well. FWIW, Don
Nonsense. All Ted Butler knows about short positions can be seen in this chart. http://www.softwarenorth.net/cot/current/charts/SI.png Clearly, commercial shorts are close to their LOWEST, not highest, levels of the year. Permabull Butler may know a lot about silver, but he does not seem to understand much about trading or the markets.