Gold COT Report 5/11/12

Submitted by SD Contributor Marshall Swing

Commercials bought a huge 7,453 longs and covered a humongous -19,095 shorts to end the week with 56.67% of all open interest and now stand as a group at -15,145,500 ounces net short, a mammoth decrease of almost 1,500,000 ounces net short from the previous week.  I hope you understand what they are doing here.  They intend to go net long at some point in the near future as they know exactly what the future holds.  They will maximize their profit to the fullest.  They will take the price of gold down until they are either net long or fully long and have bought up every speculator long that they can.  It is very important that you review last week’s COT because in it, plus this last Wed – Fri trading days are the key to where the gold price is going and how it is going to get there.

Large speculators coughed up -3.438 longs and picked up an out of this world 13,652  shorts for a net long position of 12,330,300 ounces, a decrease of just less than 2,000,000 ounces from the prior week.  Somebody needs to manage these long speculators.  They should contact me immediately for advice at and a much needed (for them) consulting opportunity for me.   They are so misguided and I am quite sure it is because of following the ILL advice of so many positive writers/commentators in the silver and gold industry.  Those writers/commentators do not understand what is happening right before their very eyes!  What in the world are they thinking buying that many shorts.  The commercial producer/merchants will have a field day with them unless they are reading my analysis.

Small speculators were just as wayward and lost -3,698 longs and oh my goodness purchased a huge 5,760 shorts for a net long position of 2,815,200 ounces a tremendous decrease of almost 1,000,000 ounces net long from the prior week.

The commercials are working their way out of their massive short positions they have accumulated, over the years, and those positions are not there for window dressing.  They patently manipulate the silver and gold markets at the benevolence of the CFTC’s full board of commissioners.  The CFTC knows exactly what these producer/merchants are doing to these speculators, right now, killing them, and these commissioners have placed their full blessing upon this rampant destruction of speculator long positions.  I remained absolutely convinced that Bart Chilton is not honest in his wanting to see position limits placed.  None of the other commissioners are honest as well and are pawns of the producer/merchants and the swap dealers.  It must feel really good to be in the same bedroom with them to the rape, pillage, and sack of billions of dollars of speculator’s hard earned cash.  Blythe Master’s is the harlot of Revelation, I believe.  This is as disgusting as it gets.  She was just on CNBC recently and poo pooed JPMorgan’s mammoth short positions as being “hedging”.  She is a rapist par excellante.  Without a peer in her own bank.

For your convenience, if you would like to contact the CFTC and express your views to them, I have provided you their phone numbers and I hope earnestly that you fill up their phone libnes:  and email addresses as well: Chairman Gensler Commissioner Chilton Commissioner Sommers Commissioner O’Malia Commissioner Wetjen Director Meister

How long must the there exist no free market for speculators in the COMEX metals?  How much ill-gotten gain from speculators, at the hands of these producer/merchants, is enough for these commissioners to act and do their jobs to ensure a free market can counter their massive open interest monopolies?

The only way to beat the producer/merchants at their game is to go long and stay long.  Easier said than done when you watch price drop significantly below your buy price, I know.

See you next week!

Marshall Swing

  1. Marshall  thank you for your hard work on keeping us up to speed on these developments    We long suffering and patient silver seekers are appreciative of some good news in the midst of gloom.  If these markets are going to be manipulated, at least these SOBs could manipulate the prices higher.  We need a little love from Blythe.  Just kidding. 

  2. Bloody Hell I’m glad I’m not into paper. With feedback like Marshall’s why aren’t they listening. I’m buying for survival and those poor devils are in it for greed. The good thing is: I’m Buying Pysical.

    By the way 4oz great steal, guess some investors are getting scared and getting rid of their PM’s Good for you, good for me and all us dedicated Stackers.

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