As for the situation in silver, if I am correct and it is the Chinese who are record long the December contract, do the Chinese really believe they will receive silver? Of course not, they can see the published inventories are not even close to sufficient, they may not even believe the published figures. I still believe this position is only a switch they can flip when and if they wish or even the leverage as a threat to flip it. We will find out soon enough but the open interest rising to such heights with the price dropping to such depths has never happened before in any market that I know of, something very very different is happening and it looks like December is the focal point! We will see.