Marshall Swing: Cartel Preparing Epic Gold Raid!

silver smashThere was a definite attempt last week by the cartel to dislodge the speculator shorts and cheat the people out of the notion of profiting from their intended plunge in metal prices.
In Silver we did not see much dramatic action.
BUT, what is not so dramatic in silver IS dramatic in gold.
In gold we saw a reduction in total open interest of almost 35,000 contracts!  That is almost 7,000,000 (yes you read it right) 7 MILLION ounces!
Notice the commercials have the lion’s share of open interest reduction, because if we add up the speculators reductions and additions, we see they are not quite a wash but absolutely MASSIVE open interest reductions on the part of the commercials.  To what end?  Just to drop the gold price a little?  I don’t think so.


Submitted by Marshall Swing:

There was a definite attempt last week by the cartel, or The Powers That Be, or the bullions banks, or Lindsey William’s global elite, or the cartel, or the anti-christ, or the Beltway Boys, or whatever you want to call them to dislodge the speculator shorts and cheat the people out of the notion of profiting from their intended plunge in metal prices.

There were some minor attempts during the COT week but the most significant attempt came this past Friday after the COT week closeon Tuesday afternoon!  They always like doing things after the COT close…  Imagine that?

 

They did not get as good of fake unemployment numbers they wanted on Friday morning so now they have to make a decision to slow down the pace of QE tapering or even resume to some degree.

 

What happened on the way to the forum?

 

In silver we see those pesky large speculators gobbling up another 3,154 short contracts as they fully intend to make a few bucks come hell or high water.  The only question I have is this the bullion banks plan to blame the metals crash on the speculators (primarily greedy hedge funds) like we saw in oil a few years ago or will they allow price to rise really fast like last Friday morning but somewhat higher this time to rob the specs of what they think is their just due?

 

We see some commercial short covering in silver but nothing dramatic and even a little long buying but look further and most of this was done by the swap dealers!

 

The small specs were less active last period but some grabbed some longs in anticipation of a bounce.  Probably reading my reports…

 

BUT, what is not so dramatic in silver IS dramatic in gold.

 

Here we see a reduction in total open interest of almost 35,000 contracts!  That is almost 7,000,000 (yes you read it right) 7 MILLION ounces off the table if you count both sides of a contract.  That is a massive change in thinking!

 

Whose thinking?

 

Notice the commercials have the lion’s share of open interest reduction because if we add up the speculators reductions and additions we see they are not quite a wash but absolutely MASSIVE open interest reductions on the part of the commercials.  To what end?  Just to drop the gold price a little?  I don’t think so.

 

What I think is they are getting the large specs to grab up shorts in a huge way and it is those large specs who are going to fulfill their big bullion banks prophesies of much lower price and the physical gold loving world will be tempted to blame the speculators when it is the sly but creepy banks themselves who neatly set up this scenario!

 

Silver Buffalo Rounds As Low As 76 Cents Over Spot!

I got some interesting comment from one reader last week who basically told me I was nuts if I thought price was going down, down, down…  He referred to an acquaintance of mine a paid professional who writes on COT movements but this writer does not have near the track record I do in exposing the banks, in fact, he has often poo pooed any notion of manipulation at all over the years as well as in private conversations with me.

 

I write what I write on the COT numbers for fun and my own investment purposes and make not one red cent off this from another.

 

Any time you see a profit motive behind a writer it is important to note they may have a motive in not offending anyone that advertises on their website.  You see, if you advertise miners, and miners are backed by banks, then you have to watch your P’s and Q’s.

 

I have no such encumbrances and am free to make my opinions based on years of watching and weighing all the evidence, articles, and intellectual thought of writers who both do (sellers of bullion and paper) and do not have profit motives (like those at GATA).

 

That said, it is going to be a very interesting week coming up with FOMC on Wednesday and here we have in lame street media like USA Today lead articles wondering why the DOW is falling so rapidly.  http://americasmarkets.usatoday.com/2014/04/07/down-300-in-3-days-heres-whats-killing-the-dow/  Get ready for a pile on to thrash tapering of QE!  J

 

We will know the results of their short shakeout when COT comes out Friday.  My expectations are low.

 

Brace yourselves for the coming quarterly reports!

 

Let the roller coaster rides begin…  😉

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