Gold & Silver COT Report: Small Specs Go Short

SilverCOTThe small speculators are now net short in gold.  They sold off over 500 longs and added 1,152 shorts which is considerable for their small numbers. 
It seems to me they may be of the opinion the bullion banks are getting ready to take down gold.

 

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By SD Contributor Marshall Swing:

Very little to report on silver in the last COT period other than there were just over 3,300 new open interest contracts added to the total open interest.  There was up and down, short and long changes but nothing significant other than the producer merchant added longs over shorts by a 3 to 1 margin but not enough of them to say there is something afoot.

 

In gold, we see a reduction of almost 4,500 contracts from the total but the producer merchant added well over 4,000 new contracts in both longs and shorts.

 

The one number that sticks out like a sore thumb is the small speculators are now just barely net short in gold.  They sold off over 500 longs and added 1,152 shorts which is considerable for their small numbers.  It seems to me they may be of the opinion the bullion banks are getting ready to take down gold.

 

The gold AND silver swap dealers were deathly silent.  Look at those tiny numbers!

SilverCOT

 

goldCOT


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Comments

  1. Thanks for these, good quick summaries.  My quick takeaway is that short hedging is outpacing long hedging, but not by a big margin.  Seems most still living hand to mouth but producers are slightly outpacing users?

  2. we never seem to catch a break  I guess the bad boys have to squeeze a few more quatloos from the yellow metal
    JPM wants to acquire more gold on the cheap I bet

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