Marshall Swing: Bloodthirsty Commercials See the Kill in Gold Futures!

JP MorganIn gold, the latest COT report indicates that swap dealers are reaffirming their intent that gold will crash and they will reap an ABSOLUTELY HUGE windfall from paper delights (soon to be currency of the past). 
The commercials both increased their total net short ounces and those swap dealers are now OVER 8,000,000 gold short ounces! 
They see the kill in the not too distant future, they taste the blood that is not yet extracted from their victims.  They are a bloodthirsty lot, indeed.


Gold & Silver COT Report, by Marshall Swing:

Greetings from outside my home in the Wilderness of Southern Illinois!

 

It seems the travel bug will not stay away from me as this time I am in the Land of Mindanao in the Southern Philippines to effect a very special mission close to my heart.  More on that next week!

 

I did manage to remember to bring my data stick this time so neat tables with lots of numbers nad percentages are present and accounted for in this report away from home…

 

But what of gold and silver?

 

It appears a hit job was done by the silver producer merchant this past reporting period.  It is a sly maneuver but they must position themselves carefully in order to control price from falling too far too fast as it is not their time yet.

 

The Silver Shield Silver Bull Only $2.49 Over Spot ANY QTY at SDBullion!

 

How do I know that is the case?  Just look at those BIG RED NUMBERS of the silver commercials and follow it down to the disaggregated COT numbers and we see very interesting development where close to equal numbers of longs AND SHORTS were discarded.  This is what I call POSITIONING.

 

When the puppet master controls the strings I spoke of last week they are controlled usually from above and below spot price.  Remember, these paper puppets of silver and gold ARE always defined by a long and a short position for each and every contract of, in this case, 5,000 ounces of silver.

 

Therefore, to gain strength to control price, it is necessary to trim long and short contract positions that are not conducive to maintaining TIGHT control of where they desire price to be.

 

Notice the pickup of over 2,300 shorts by the large spec!  They like the profit they might have made into the price decline and see far more opportunity to stuff themselves in an act of gluttony with fiat currency that will one day soon not even be good for bathroom purposes.  Temporarily, for now, the more fiat you have the more purchasing power you have to get the good stuff, the physical metal…  But this will not last long!!

 

Notice ever so clearly, in a week of much adjustment, the silver swap dealers were completely silent while their trusted buddies the bullion banks did their bidding that will lead up to the monetary version of the Valentine’s Day Massacre! 

 

In gold we see differing movements.  Silver saw a significant decrease in total open interest and gold sees an increase.  Divergent paths but I assure you they are tightly coordinated.

 

Notice it is the commercials who pick up most of the new open interest as the specs are not quite sure what to do with price movement upwards that they thought would go down as they were covering a few shorts.

 

BUT, notice which commercial gained a huge sum of new short positions!!  Those swap dealers are reaffirming their intent that gold will crash and they will reap an ABSOLUTELY HUGE windfall from paper delights (soon to be currency of the past).

 

Those commercials both increased their total net short ounces and those swap dealers are now OVER 8,000,000 gold short ounces!  They see the kill in the not too distant future, they taste the blood that is not yet extracted from their victims.  They are a bloodthirsty lot, indeed.

 

Tomorrow, I and mine to be travel to a beautiful mountain resort in the hills of Apo, called Woodlands, where the highest peak in the Philippines is within spittin’ distance.  There in the mountains seems to be a special place to be close to God, remember that guy Moses who journeyed up the mountain to get the 10 commandments from God?  I had better watch my P’s and Q’s!!

 

I have loved the mountains for a long long time ever since I can remember as a boy camping in the Appalachian mountains of North Carolina with my parents.  They are amazing to me…

 

Check out the pictures on the link!  http://angtribu.com/

 

Until next week, my friends, and I urge you to add to your physical stacks while price is low before it is too late to buy…

 

From the Land of Mindanao,

 

Marshall

 

PS May God bless all those who appreciate His true currency and do His will.
COT Gold 4-29-2014

COT Silver 4-29-2014