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Gold and Silver COT Reports - Futures By Harvey Organ

* Saturday, March 31, 2012

Europe trying firewalls/ Greece in probable need of bailout/Spain delivers budget

Friday saw the release of the COT report:

Gold COT Report

Our large speculators:

Those large speculators that have been long in gold added a surprisingly high 7360 contracts as these guys sensed that the commercials were done with their short selling.

Those large speculators that have been short, covered a huge 8998 contracts from their short side.

Our commercials;

Those commercials who are close to the physical scene and long in gold
removed a huge 14,524 contracts from their long side.

Those commercials who are perennially short in gold added 4414 contracts to their short side.

Our small specs;

Those small specs that have been long in gold added 2489 contracts to their long side.

and those specs that have been short in gold covered a tiny 91 contracts from their short side.

Conclusion: the bankers are loading up again on the short side ready to pounce on our longs when the time is right. They know the regulators are on their side so they are fearless in their criminal collusive behaviour.

Silver COT Report

Large Speculators:

Those large speculators that have been long in silver pitched 1592 contracts from their longs.

Those large speculators that have been short in silver added a smallish 922 contracts to their shorts.

Our commercials;

Those commercials who are long in silver and are close to the physical scene
added 1100 contracts to their long side.

Those commercials who are perennially short in silver and are subject to the silver probe by the CFTC surprisingly covered 1348 contracts.

Our small specs;

those small specs that are long in silver added a tiny 169 contracts to their long side

and those small specs that are short in silver added a tiny 103 contracts to their short side.

Conclusion: extremely bullish again for silver. It is even better than last week.
It seems that our banker friends are having trouble in the silver arena.

http://harveyorgan.blogspot.com/2012/03/europe-trying-firewalls-greece-in.html

George.

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