Bullion Banks Attempting to Set Up Specs to Take the Blame for Coming PM Futures Massacre!

silver smashThe disaggregated COT numbers reveal all the action last week was in the producer merchant, the evil bullion banks as we know them and “love” them (loathe them actually), and they added 5,960 longs and 7,018 shorts. 
The bullion banks are reaffirming their intention to massacre the metals price and they do this for no other reason than to encourage the speculators to purchase more shorts.  This is resulting in more and more commitment to the downside by the speculators who will be blamed for the crash to come!


Gold & Silver COT Report by SD Contributor Marshall Swing:

Going to be an interesting report today as I left the Southern Illinois wilderness and am in Charlotte, North Carolina, the once God forsaken town of the ashes of the sins of Jim and Tammy Baker where they played games with the money of people who tried to follow God but were led astray…

 

But, out of those ashes, surely, something good will come!!  And soon.

 

Can’t wait to see the comments on that!! 😉

 

I drove away from my home near St. Louis on Thursday evening and the only thing I forgot this time was my data memory stick so no pretty tables to share with you this week and maybe not next depending on when I return home.  My return home is in the hands of others.  I grew up in this State and am visiting with friends now and heading east in a couple of days to visit family and old high school friends.

 

What happened in the metals this past week?  Not much on the surface as there was limited upward movement in silver and slightly more in gold, however, these things may have been to shake out a few speculator shorts or at least give that impression.  Very little happened in the large specs as they appear very indecisive adding 897 longs and covering -861 shorts total after the numbers are reported.  The small specs, who read my reports, are having nothing of indecision and added 1083 short contracts.

 

The commercials, HOWEVER, were quite busy adding both longs and shorts, 6,441 and 6,904 respectively.

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the disaggregated COT numbers reveal all the action was in the producer merchant, the evil bullion banks as we know them and “love” them (loathe them actually) and they added 5,960 longs and 7,018 shorts.  They are reaffirming their intention to massacre the metals price and they do this for no other reason than to encourage the speculators to purchase more shorts.  More and more commitment to the downside by the speculators who will be blamed for the crash to come and that crash is a ways off yet but a low depression is sinking into the hearts and minds of those who seek to make money in the paper game (casino, i.e. manipulated, mercantile, fraudulent house of cards).

 

We witness almost 9,000 new open interest contracts in silver, almost all of the producer merchant’s doing and his sleight of hand.

 

In the gold numbers, we see the overall commercials going long in a big way at the bottom of the COT period after they had used a few shorts to cover and drop the price. Those evil ones added 8,379 longs and covered a mere -3,907 shorts.  We see a revealed significant accumulation in shorts by the large specs 3,087 while they panicked and were forced out of -8,459 longs.  The small specs were virtually silent.

 

The disaggregated numbers reveal the swap dealers being very active and loading up on longs 4,690 and covering a significant -6,732 shorts.  We see the managed money section of those large specs selling off, forced out of -8,241 longs and adding 1,685 shorts.  Not a significant short add but showing they clearly believe price is headed down, down, down since over the last few weeks I have show they have added significantly to their short side.  Now they have reduced their long net total very significantly in expectation of significant profit on the downside gained through shorting the yellow metal.

 

Not much else to report here.  My expectation of this coming week is upward movement in the equities indexes and that will depress the metals psychology.  Not much price movement unless those bullion banks decide to rob the speculators of their shorts and price would go up otherwise it is still a suckers game to lure the speculators into taking more short positions.  Those evil ones do not mind taking longs at these prices even as price sinks further because they know the payoff in paper on the GREAT REBOUND that is to come in the distant future.

 

See you next week and looking quite forward to the thoughtful comments as well as the abusive, revealing ones!