Marshall Swing: This Bottom May Be the Longest Yet!

This bottom may be the longest yet.
This is psychological warfare and does not resemble the true PM physical market at all but it is contrived through manipulation to depress speculation so that physical buyers will stay away from PMs and trust bonds and equities while Ebola and ISIS rip up the daily headlines.
The DOW is off 1,000 points in just a few days, fear of deadly disease or decapitation stories is gripping the news and gold and silver have plummeted?

Does any of this make any sense?  FEAR UP, gold down?
Can you spell M-A-N-I-P-U-L-A-T-I-O-N ?
Stay thirsty for physical, my friends, the day of redemption draws near!

 

Submitted by Marshall Swing: 

gold bottom

Due to time constraints, this is a very brief report of the numbers.

In silver, we see what could be large speculator profit taking as they realizes a bottom is probably in the white metal but this is far from large numbers so there is much doubt in PM circles now as to where price might go.

Notice the small speculators forced out of over 1,500 longs and they can only blame their friendly large specs this time not the commercials.  The commercials also sell some longs but not in great number.

The disaggregated COT reveals a minor short covering by the producer merchant but again nothing in large volume so it is nothing but profit taking.

In gold, we see the habits of the large speculators have reversed as they take 3,000 new longs but only 1,423 new short positions.  Total open interest barely moved.  We see profit taking by the small specs as well.  The commercials have a minor short covering but numbers are small here also.

In the disaggregated COT, the producer merchant nibbles almost 2,200 new longs and little more than half that many shorts.  The real story in this COT is the gold swap dealers who stage a clear short covering raid but notice they sell over 10,000 longs!  They are giving a clear indication they intend to depress gold prices for the foreseeable future and they want everyone to know it so the hard core physical gold and silver bears abandon hard assets and leave the market for paper fiat.

Also, I include a 2 year silver chart and notice a long term pattern of 2 to 3 month flat bottoms followed by small price climbs only to settle to a bottom again.  This bottom may be the longest yet.  This is psychological warfare and does not resemble the true PM physical market at all but it is contrived through manipulation to depress speculation so that physical buyers will stay away from PMs and trust bonds and equities while Ebola and ISIS rip up the daily headlines.

The DOW is off 1,000 points in just a few days, fear of deadly disease or decapitation stories is gripping the news and gold and silver have plummeted?

Does any of this make any sense?  FEAR UP, gold down?

Can you spell M-A-N-I-P-U-L-A-T-I-O-N ?

Stay thirsty for physical, my friends, the day of redemption draws near!

Marshall

http://www.cftc.gov/dea/futures/deacmxlf.htm

http://www.cftc.gov/dea/futures/other_lf.htm

2014-10-15-GOLD

2014-10-15-SILVER

2014-10-15-SILVER2YEAR

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