Another Tiny Increase in Silver’s Short Position

JPMorgan didn’t have a silver depository until they opened it about a week before that infamous drive-by shooting began on May 1, 2011. … Sooner or later this silver structural deficit in silver will catch up to the market…as will the structural deficits in both platinum and palladium. I suspect that we’re getting close to the same situation in gold, especially since various fund managers are now sticking their toes in this market.