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Re: silver100 post# 16410

Friday, 10/09/2009 2:25:49 PM

Friday, October 09, 2009 2:25:49 PM

Post# of 35738
<<<The two paragraphs below pretty much sum up my argument on the subject in question:>>>

If that's your argument, we're prolly talking apples and oranges here!

My work, thus my premise, is based strictly on the total COMEX Gold commercial net short numbers and not on the comparatively meaningless total OI as seems to be what you are referring to by bringing AH's essay into the discussion in lieu of furnishing the numbers that I had asked of you.

There is often a considerable difference between the two metrics and this afternoon's Gold CoT report should reveal a new record high Net short position of approx 300K within a total open interest of 484,307 contracts.

Fwiw, the numbers above contrast greatly with the COMEX Gold all time record high open interest of 593,953 which was achieved on 1-15-08 and which contained a commercial net short position of 251,114 contracts.

I don't know how this discussion got so far off it's original track, silver100, but if you still hold the view that there was, indeed, a short squeeze of the COMEX shorts somewhere in the fairly recent past, please furnish more info and I will be happy to check it out and let you know what I find.

My records go back to 1999.



Dan

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