Silver Open Interest Contracts Again to 100,578

Silver's Open Interest contracted again today (with silver UP modestly) by another 1436 contracts to 100,578!
This is now 6,000 contracts (5,996) lost in the last 2 days during a relatively quiet period price-wise.
This seems to indicate further short covering by the cartel as we have speculated previously.
With open interest now down to 100,000, there cannot be more than a handful of speculative longs remaining that are likely to puke with any further cartel smashes.  The increased margin requirements will likely put a damper on Open Interest going forward as well, as Mom & Pop investor will not likely have adequate capital to put up for the soon-to-be-100% margin requirements on a 5,000 oz contract, even at $30/oz silver.

Daily Settlements for Silver Futures (PRELIMINARY) Trade Date: 09/29/2011
Month	Open	High	Low	Last	Change	Settle	Estimated Volume	Prior Day Open Interest
OCT 11	29.830	30.700	29.265	-	+.388	30.472	84	468
NOV 11	29.595	31.030	29.595	-	+.388	30.498	91	74
DEC 11	29.895	31.535	29.095	-	+.388	30.522	46,461	60,847
JAN 12	29.310	31.480B	29.310	-	+.388	30.541	22	196
MAR 12	29.870	31.550	29.250	-	+.388	30.561	3,982	9,854
MAY 12	31.080	31.080	30.425	-	+.388	30.576	480	2,725
JLY 12	29.620	31.060B	29.620	-	+.388	30.583	644	2,322
SEP 12	29.615	30.925	29.615	-	+.391	30.562	305	715
DEC 12	29.105	30.800	29.105	-	+.391	30.535	270	10,224
JAN 13	-	-	-	-	+.391	30.512	-	1
MAR 13	30.450	30.450	30.450	-	+.391	30.465	2	751
MAY 13	30.400	30.420	30.400	-	+.391	30.416	3	135
JLY 13	-	-	-	-	+.391	30.366	-	2,206
DEC 13	30.950	30.950	30.950	-	+.391	30.255	6	7,803
JLY 14	-	-	-	-	+.391	30.075	3	259
DEC 14	-	-	-	-	+.391	29.945	1	1,270
JLY 15	-	-	-	-	+.391	29.691	-	170
DEC 15	29.150	29.710B	29.150	-	+.391	29.495	2	533
JLY 16	-	-	-	-	+.391	29.270	-	25
Total							52,356	100,578