Maybe this is what is going on in the Silver Market........




May 16 - Financial Times (James Drummond): "Hedge funds are liquidating positions in the expectation that investors will be redeeming substantial sums in early July, according to prime brokers and fund managers. Many hedge funds offer only quarterly redemption and require 30 days notice that investors will be withdrawing funds. This means that fund managers are looking to find cash at the moment so as not to be caught short next month. The past two weeks have proved among the most testing times for hedge funds since the collapse of Long Term Capital Management in 1998. No well-known names have gone under since the debt of General Motors and Ford was downgraded to non-investment grade this month, but many hedge funds are on the defensive."