Massive shortsIn gold we see that what all the headliner commentators thought were the bullion banks taking a big long position prior to the supposed blast off to the moon – in reality those bullion banks (producer merchant) have been packing on shorts right and left the last five weeks and have gone from just about 1.2 million ounces net long to a mere 311,000 ounces net long as of last Tuesday.  Those swap dealers are packing on the shorts this past reporting period as well adding just over 641,000 short ounces.
What does all this mean?
For the first time in a long time we have both houses of the commercials moving congruently to significantly larger short positions.  People, they are not taking those positions so they can report a loss…
Get ready for a price drop and back up the truck soon!

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

Silver Eagle
By SD Contributor Marshall Swing:

Folks,

I apologize for my absence since early July.  I took some time away during July to September then almost got going again but then the CFTC decided not to publish reports due to the government shutdown from September 24 until later in November even early December before they got all the reports out.  So I started playing catchup and missed a bunch of data in between but have reports for the prior FIVE weeks and feel ready to make observations.

 

So what is going on lately?

 

In silver we see a steady increase in the producer merchant short position and a steady decrease in the swap dealers long position so they are drifting back towards their old game of controlling price via stranglehold on net short positioning.  Remember, they always dominate the price because combined the commercials have just over 50% of the open interest positions.  Sure they represent slightly differing interests but these players meet each other for drinks after the day is done, so I hear.

 

In gold we see what all the headliner commentators thought were the bullion banks taking a big long position prior to the supposed blast off to the moon – that in reality those bullion banks (producer merchant) have been packing on shorts right and left the last five weeks and have gone from just about 1.2 million ounces net long to a mere 311,000 ounces net long as of last Tuesday.  Those swap dealers are packing on the shorts this past reporting period as well adding just over 641,000 short ounces.

 

What does all this mean?

 

For the first time in a long time we have both houses of the commercials moving congruently to significantly larger short positions.  People, they are not taking those positions so they can report a loss…

Get ready for a price drop and back up the truck soon!

1 oz Silver Buffalo As Low As $0.84 Over Spot at SDBullion!

NTR Buffalo Round

COT Silver 1-7-2014

COT Gold 1-7-2014

 

COT Silver 12-31-2013

COT Gold 12-31-2013

 

COT Silver 12-24-2013

COT Gold 12-24-2013

COT Silver 12-17-2013

COT Gold 12-17-2013

 

COT Silver 12-10-2013

COT Gold 12-10-2013

  1. Once again you’ve defied them! ….You thought you could find a truck big enough to haul away all of that sweet Silver! ….Look around you! (Arrow pierces a scrambling pm collector on the run) …The Lord Humungous Commercials RULES the WASTELAND!!!! Hahahaha!

  2. I am sooooo tired of reading about “Back The Truck Up” that I think I am going to be sick.
     
    Soon. Blast off to the moon. and other phrses have been used for so long that nobody in his right mind would believe this stuff.
     
    We all “think” the metals will go up. But maybe not in our lifetimes. The governments and big banks are now using computer techologies the rest of us will not see for at least 20 years. Couple this with propoganda and gold and silver might not ever take their center stage that we “think” they should.
     
    Rality is that these monsters could keep gold and silver crazy low. I think a default will work in THEIR favor to ensure that prices remain low. This simply means that paper will truly rule in the market place. Oh, I forgot… paper already rules in the market place.

    • true all that sam520. forget all the negative comments. bay doesnt get it. he gets the part where all is crap thats posted by all the website owners and so called experts. basic logic. take in crap data, and out comes shizit data. the back the truck up is really their way of saying……i guess i dont know what im talking about….so just keep buying until i figure it out. true dumb asses, all of them. the end will only come if the actual retailers around the world are out of physical. thats it …..an only it. no one in this sector has shown that they have any idea what the amount of silver is available to continue the paper game or we wouldnt me buying at 20 dollars today. weve been played by slick salesmen. pigs is right about this though, we only have 2 choices. sell and lose or hold and hope. you didnt do anything sam that many of us didnt do , we all that were looking for an honest answer to all the corruption and stealing in other markets. welcome to the silver and gold space. same as the other markets, corrupt to the core. only difference is this space fights the powers in control and you will lose your ass until they lose their control. you are now with many friends as most , like you , are now seeing that the leaders we were following were more bernie madoff than moses. 

  3. I didn’t miss that Marshall Swing was even gone. This information is basically worthless, as the entire paper market is a fraud.
     
    Keep Stacking…or sell, get out and go do something else. That’s for you sam520 above. You’ve already been defeated.

    • I like you Bay of Pigs , I think you state what most of us think.
      It does sound like sam520 has been ‘defeated’ and given up, but he could just be venting frustration – only he’ll know I guess.
      I reckon there are two types of ‘weak hands’:
      1.  The mentally weak, that initially thought they’d make a fortune easily and instantly and have since decided that TPTB are ‘too powerful’ and then either whinge or sell or both.
      2.  Those unfortunate ones that have lost their income due to the fake and fraudulent economy wrecking ball known as the government and central banks, and had to sell to keep a roof over their head and food on the table.
      The second group of ‘weak hands’ get my blessings and good will.  Hopefully this fake matrix we suffer under throughout the world of FIAT will end sooner rather than later.
      The first group should STOP whinging and moaning.
      Keep preppin, BoP

    • Bay of Pigs — you obviously are not like me and ALL in on silver. My entire lifetime of working is in silver. Too young for my SS and too old to go back to work. This means I must sell silver to eat. At these pricess I am trying to figure out how to eat cardboard. But I guess you wouldn’t understand this because you are like most on these forums and think that having a few hundred ounces is some BIG deal. Tell me this… are you all in on silver? Do you have to sell to eat? I think we both know the answer to these questions. Again – these monsters are in collusion with the governments/banks of the world and can put the price of silver and/or gold anywhere they want it. If their is a default they will completely destroy the price of the metals for quite sometime. Things are not as cut and dried as you suspect or as I used to think.
       
      Coppersterling  –  thank you for taking the time to understand there are a lot of reasons people complain. I used to believe that things would change much quicker than they have. I, like others, never considered how kcuh juice these banksters really have. Even when it looks like they are defeated they just change the rules. Like in 1980 you could not buy silver – you could only sell silver. Which way do you think the price went? In short, these guys can and will do what they want.

    • sam520, No, what I’m tired of is people complaining, blaming others and giving up. I’m sorry you are in a jam financially and are very discouraged. I’m sure you have lots of company, myself included. But I refuse to let them win. I might die with some gold and silver coins clutched in my cold dead hands, but I will not give in to them.
       
      I suggest you sell, and move on if you think it is futile to fight them and continue to press on. That was my point. Good luck.

    • I’m also all in and when I need some substantial fiat then I have to sell ( Right Now At A Loss But Hey It’s Only Fiat) but as BOP say’s I’ll never give in and I’m probably the most positive Stacker on this site and believe you me, I won’t stop Stacking.
      Every piece of my spare fiat goes to Silver and a little Gold. Yesterday and today I received (25) 2014 Maples, 20 Pegasus and (2) 2003 1/2 oz Libetards. Keep Stacking
       

    • Nice libertads, i like the reverse on those better than the 1oz. Keep your eyes peeled for Taku’s. Low mintages (relatively), pretty coins, and best of all they have cheap premiums.

    • If I was marketing director for one of the big truck rental companies, I would make a commercial showing excited preppers running around, cheering because PM prices took another dip.  “Back up the truck, back up the truck!” they would yell.
      The camera would then show a rental truck backing up to a loading dock, then zoom in on one gold (or Silver) bar sitting on top of a pallet-full of bars.  Zoom back out and show a forklift loading pallets of these into the back of the truck.
       
      After watching THAT commercial, who wouldn’t remember which rental company to call the next time they need to rent a truck?

  4. Ranting ANdy had a 25 min video on SGT,part of which spoke to his assumption that the COMEX defaulted in december, with 200,000 ounes of silver undelivered   I dont know how this COT report jibes with that report but they seem to be going in opposite directions.

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