Abet Chichi2

[bob3]

Got Gold Report - COMEX Commercial Gold, Silver Traders Duck and Cover

By Gene Arensberg
09 Mar 2008 at 03:51 PM GMT-04:00


ATLANTA (ResourceInvestor.com) -- Probably the most interesting news in this report is that as gold and silver advanced in the two weeks since the last Got Gold Report, commercial traders on the COMEX gold and silver futures bourse were reducing their collective net short exposure. That’s contrary to their normal habit of taking on more short positions into rising prices and it’s evidence of some modest recent short covering.

For the moment those large, well-funded players who normally profit from a falling commodity price seem content to get out of the way of the gold and silver express. For now at least they do. If there ever was a gold or a silver “cabal” or “cartel” intent on manipulation or suppression of metals prices measured in U.S. dollars, then lately, with silver now up over 90% from its August turning lows and gold up about 50%, they haven’t been “caballing” or “cartelling” very well, have they. Resource investors will find more about the commercial net short positioning reductions in the COT Changes and Silver COT sections below.

http://www.resourceinvestor.com/pebble.asp?relid=41077