Seeking Alpha March 25, 2011
http://seekingalpha.com/article/260150-silver-buying-opportunity-emerging
Ananthan Thangavel is the Founder and Managing Director of Lakshmi Capital
http://twitter.com/#!/LakshmiCapital
http://seekingalpha.com/article/260150-silver-buying-opportunity-emerging
The "Commitment of Traders" report indicates that speculators are not responsible for silver's rally. Very surprisingly, Managed Money net long positions have actually decreased significantly during silver's latest rally. Since February 15, the Manged Money net long position has decreased by 10% while the price of silver has actually increased by 21%. Taken in a vacuum, this reading is extremely bullish, as it indicates that increased speculation by highly leveraged futures traders is not responsible for silver's recent rally (a problem evident in corn and crude oil futures).
Ananthan Thangavel is the Founder and Managing Director of Lakshmi Capital
http://twitter.com/#!/LakshmiCapital
