Ed Steer: Back on April 7...the Big 8 were short 43,407 COMEX contracts when silver was $72 the ounce.
As of Friday's COT Report, the Big 8 short position in silver was 46,117 contracts...with silver at $50 as of the Tuesday cut-off.
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All that stands in the way of a rather spectacular 3-digit silver price...as it's always been...are the Big 8 collusive commercial shorts. If not for them...we'd already be there.
ed zitron, by his own admission, hasn't really used models released this year. so i'm not surprised he sees llms as a mildly useful coding tool and nothing else.
anyone who's using the latest models a lot can see it eating into math, physics, biology, chemistry, and damn near everything else.
we need serious conversations about the wide-reaching impact of birthing agi, and how we navigate that.
pretending none of this is happening and calling for sam altman to be jailed is dangerous.
it also calls into question the kind of charlatans the media throws before us as 'experts', and it erodes trust in expertise that's already on the floor.
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