Short Squeeze? Silver Surges Most In 7 Months
Following yesterday's note on the near-record level of shorts in Silver futures, it is perhaps just a coincindence that spot silver prices are surging today - their biggest jump in seven months. Gold is also having one of its best 3-day runs in the last nine months, yet both moves are peanuts compared to what is going on in the "electronic" asset arena, namely the policy vehicle formerly known as "stocks" and BitCoin, both of which are racing for the title of most insane parabolic bubble ever.
Meanwhile BTC just hit $239 and S&P 500 futures are launching to new all-time highs as data points the other way...
Charts: Bloomberg and BitCoinCharts.com
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