Bank participation in futures markets:
http://www.cftc.gov/dea/bank/deajul09f.htm
3 US banks are short 31.3% of the gold contracts and 2 US banks are short 32.3% of the silver contracts.
Manipulation? What ever gave you THAT idea? LOL
BANK BANK LONG SHORT OPEN
DATE COMMODITY TYPE COUNT FUTURES % FUTURES % INTEREST
07/07/09 CMX SILVER U.S. 2 527 0.5 32,407 32.3 100,376
NON U.S. 12 7,979 7.9 1,210 1.2
---- --------- ---- --------- ----
14 8,506 8.5 33,617 33.5
07/07/09 CMX GOLD U.S. 3 528 0.1 116,895 31.3 372,985
NON U.S. 22 25,425 6.8 36,250 9.7
---- --------- ---- --------- ----
25 25,953 7.0 153,145 41.1