[Errant]

This makes it seem that COMEX doesn’t really have all the silver they say they do to cover all the contracts they sell, which means they are overselling a commodity in order to keep the price down.

That's correct IF the story is true. Lots of secrecy and misinformation concerning the precious metals markets these days from ALL sides.

[djf]

If true, we have a classic short squeeze in progress. $200 silver is an easy target.

But I doubt we will get confirmation. Comex has lawyers just like everybody else. And have NO DOUBT that if this is true, they have an NDA (non disclosure agreement) written into the final contract.

But it’s kind of like Comex is already eaten alive. The big players, the hedge fund managers, etc. KNOW that Comex is having trouble delivering. They KNOW how much stock Comex says they have in the vaults. They KNOW if they take out contracts more than what Comex can handle, Comex will pay a premium... 10%, 15%, 25%, it doesn’t really matter because I’d be ecstatic to make 10% every two months.

Next delivery month is May, so we very well could see Comex explode at the end of April.