Here’s What Will Turn Silver Around

Why does silver keep falling? Goldman's report says, put out yesterday for traders by Robert Quinn gives us some insight into why that is happening.

And we give some insight, hopefully, into why or when it will end, if it will end.

It will end.

Goldman's Robert Quinn reports $2.2 billion in managed money silver selling over the last three weeks, with fresh shorts dominating the latest flows.

Fresh is the key word there.

They'll keep selling if they keep making money.

You need someone to stop them from selling.

You need a news item.

Dollar weakness failed to lift prices as demand indicators softened.

That happened the last 48 hours.

We expect selling pressure into mid-November and await a catalyst for short covering and renewed buying, watching the 55 to 53 area and positioning in between now and then, including China's solar and what have you.

In the second story, the glimmer of hope, if you will, India has authorized imports of 6,500 tons of silver over six months, despite weak domestic demand.

The permits should ease supply shortages and local premiums, which fell sharply after the announcement.

They were about $2.50 over.

Dealers say the allocation exceeds likely needs, while investors remain cautious following recent price declines.

Actual purchases remain uncertain.

That's the caveat.

But this is Diwali.

It's the Diwali season.

So marriage season, I think.

I'm sorry.

There's so many seasons coming up right now.

But these are the catalysts that'll do that.

Why does silver keep falling? Goldman's report says, put out yesterday for traders by Robert Quinn gives us some insight into why that is happening.

And we give some insight, hopefully, into why or when it will end, if it will end.

It will end.

Goldman's Robert Quinn reports $2.2 billion in managed money silver selling over the last three weeks, with fresh shorts dominating the latest flows.

Fresh is the key word there.

They'll keep selling if they keep making money.

You need someone to stop them from selling.

You need a news item.

Dollar weakness failed to lift prices as demand indicators softened.

That happened the last 48 hours.

We expect selling pressure into mid-November and await a catalyst for short covering and renewed buying, watching the 55 to 53 area and positioning in between now and then, including China's solar and what have you.

In the second story, the glimmer of hope, if you will, India has authorized imports of 6,500 tons of silver over six months, despite weak domestic demand.

The permits should ease supply shortages and local premiums, which fell sharply after the announcement.

They were about $2.50 over.

Dealers say the allocation exceeds likely needs, while investors remain cautious following recent price declines.

Actual purchases remain uncertain.

That's the caveat.

But this is Diwali.

It's the Diwali season.

So marriage season, I think.

I'm sorry.

There's so many seasons coming up right now.

But these are the catalysts that'll do that.