Gold & Silver COT Report: Commercials Are 105 M oz Net Short in Silver!

Jamie DimonAnother big week for massive open interest changes almost like two weeks ago except this week gold open interest was downsized big-time.
In silver, price started at 18.85 and ended about 19.55  Commercials added almost as many longs as they sold shorts so they remain net short 105 million oz in silver!

2014 Silver Eagles As Low As $2.99 Over Spot at SDBullion!

By SD Contributor Marshall Swing:

The large specs went massively short following last week’s small speculators going short and to date they have been rewarded for their effort and more so the small specs, if they sell.  The COT shows the small specs, as of close on Tuesday added massive contracts long but had not yet cashed in on their shorts.  But we see most of the action long in the commercials was with the swap dealers while they both bought short.  They might have cashed in on Thursday, if you notice a temporary bottom seems to be in but not likely the bottom they are after.

God was far more dramatic with price starting around 1240 and ending about 1252 but with a high of 1279.80 in between.  Those gold speculators took gold from a low of 1230 to that high in just 48 hours and unloaded almost 24,000 long contracts by early Friday morning.  During this same timeframe it appears large speculators were bounced out of almost 16,000 short contracts.  The small spec were busy selling large volumes of both longs and shorts!  We see most of this action was foisted upon the speculators by the producer merchant unloading almost 22,000 longs while the swap dealer were fairly silent.  It is the same producer merchants that made the majority of the big moves two weeks ago.  But, remember two weeks ago they were on the long and short side of over 20,000 contracts so they are still holding, at least as ofTuesday close, a huge number of fresh shorts.  They moved back to over 1.25 million ounces long as the swap dealers moved slightly more net short at 5.257 million ounces short but were relatively inactive.

 

Maybe the PM got rid of some of those gold shorts with the crash on Thursday?  I bet so!

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Comments

  1. https://www.youtube.com/watch?v=xBXvrVgWToM
    Priceless.
    Got to love John Kerry. :) :) :)

  2. http://johnkerry.co.il/
    Thank you America :)

  3. This whole futures market is just a  distraction. The big bomb is the derivatives market. Check this out, page 39 table 9 prec metals. That’s one carbage bin of silver shorts.
     
    http://www.occ.gov/topics/capital-markets/financial-markets/trading/derivatives/dq313.pdf

  4. DOW DROPS 100% TO ZERO!
    “smart alek” market watch glitch on bloombergs site, HOW FUNNY- and EMBARRASSING!
    http://www.tavakolistructuredfinance.com/2014/02/bloombergs-glitch-cds/

  5. two thoughts
    1.  I wish someone would create a video of Kerry windsurfing off Martha’s Vineyard, ahh–  I mean off of Martha’s Vineyard
    just call it Kerry meets Jaws IV, The Movie.  Jaws is  Jewish. 
    Second thought. 
    Is it just me or do the COT reports mean much to the Average Joe?
    When  did the COT give some indication of reality in the precious metals market?
      Or did they every really mean something?
      It’s kind of like Kerry in the Middle East
    A lot of pissing in the wind.  Much ago about nothing.
    I pity the shark that consumes Kerry. 

    • The COT means EVERTHING to those that play futures options as well as futures.  Check out Larry Williams.

    • COT is all about paper and has no real meaning in the physical PM’s market

    • COT is all about physical markets as it relates to those creators and users of physical who hedge production and use with paper derivatives.
       
      Commercials short silver tells me that there are more sellers of physical silver at these prices than there are buyers.

  6. John Kerry has Jewish roots ( Kohn ) and is no better or worse than the satanic pricks who run Israel. Israel is a rogue nuclear apartheid state who specializes in genocide. Those are incontrovertible facts. The idea that Palestinians don’t deserve their own space, but should be driven from their farms and land they’ve owned for hundreds of years to be kettled into chicken coops is repulsive. I can name my morning shit israel and is doesn’t mean it has any relation to what the bible is talking about just like swiping land and filling it with non semitic people in my view doesn’t automatically mean you suddenly are back on track with a covenant with God.


  7.    I  can’t stand Kerry and anything he stands for—which is mostly nothing but the world according to Kerry.  Cozying up to Hanoi Jane was not the worst thing he did but it ranks up there with a uber-Quizling example of how this inexecrable piece of shit works.

  8. The one and ONLY answer to the debt problem is to declare it null and void because of FRAUD ! It is fraud because it is mathematically impossible to repay ! It can not be repaid because the interest is never created on the loan and that is fraud ! And fraud voids all !!! If we don’t void all out of thin air debt the bankers will own almost EVERYTHING !!! And we will be homeless slaves ! They have a license to counterfeit ! Can I counterfeit the money to repay the loan ? Why not ? If we even attempt to repay a impossible debt (the national debt) all we do is show our ignorance !   The way to fix this mess is so simple a 3rd grader can figure it out !   We void the fraudulent debt and everyone keeps ALL the items they have so called debt on !  And we start to use a debt free currency or / and gold and silver ! And then we will have a robust economy like never before — OR WE LET THE BANKERS STEAL EVERYTHING !
     I was in about the third grade when the news was talking about the national debt and I asked my dad who do we owe money to and who could possibly be richer than the United States and where did they get the money? And then my dad took a gulp off his beer and said we owe it to our self !  I said that’s the dumbest thing I ever heard of that’s like borrowing from my right pocket and setting fire to the interest and putting the rest in my left pocket !  This was about 1972 !   And yes it really is this simple !

  9. The bankers have a shoe in on ALL loans they make ! All they have to do is stop lending and then start foreclosing on ALL debts!-meaning they now own everything that had a debt by having a license to counterfeit ! So we #1 keep getting fleeced by continuing to pay this fraudulent scheme !  OR #2 we declare ALL out of thin air debt NULL AND VOID because of FRAUD !   And we ALL keep everything we have so called debt on!   MOST people don’t get this part Every car boat house machine tool farm has already been paid for by the fraudulent paper!  so no one looses !!  WE sure as hell cant give it to the banksters (let them steal it)! AND IT DOESENT MATTER IF YOU WANT TO JUST REDUCE THE DEBT ITS STILL UNPAYABLE!  So when we void the FRAUD This will be the ultimate FRESH start for everyone !   Share this if you want THE solution to the WORLDS problems!  if not everything will continue to get worse until we have HONEST DEBT FREE MONEY /and GOLD AND SILVER !  And there is plenty of gold and silver just Divide the paper money (FRN) by the gold /silver and you have the value of them NO MATTER WHAT IT COMES TO per OZ !! Then we would be happy to work for SAY A SILVER DOLLAR A day ! Because NOW a REAL DOLLAR will buy what a $100 did before the reset!!  THINK ABOUT IT 

  10. Since the CME admitted their daily inventory reports are bogus (via a disclaimer) I don’t see any real benefit in analyzing COT reports, either.  All these data sets are produced without editorial oversight by any independent authorities.  I view them as mildly interesting propaganda.  They are a clue as to what the PTB want you to think.  That’s all.

  11. Collin yes I agree default on the national debt would actually be the best thing. It would instantly ruin the credit rating for the usa. Thus making them live in there means of money they collect each year. Next thing is everybody get taxed the same 8% no deduction for anything, companies an people all the same.

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