GOLDBUGS AMEX Goldbugs Index (GOLD)

[DiscoverGold]

Gold and Silver COT Reports - Futures By Harvey Organ

* Saturday, February 11, 2012

Italy and its Debt to GDP/Greece debt problems/USA Debt Problems/Gold and silver raid/

Let us head over to the COT report and see how positions changed among our players:

First the gold COT:

Our large speculators:

Here those large specs that have been long in gold added a monstrous 10,142 contracts to their longs and thus provided the fodder for our bankers.

Those large specs that have been short in gold, knew that a raid was coming and added 3994 contracts to their shorts.

Our commercials:

Those commercials who are close to the physical scene and generally long in gold, pitched a rather large 4,470 contracts. They also knew that a raid was forthcoming.

Those commercials who are always short and always provide massive non backed gold paper got the green light from our regulators to add 6,740 contracts to their already burgeoning gold shorts.

Our small specs:

Those small specs that have been long in gold added a rather large for them 4,322 contracts and probably got burnt by our banking heroes

The small specs that have been short in gold covered a very tiny 740 contracts.

The COT report is from a Tuesday to a Tuesday and thus it misses the raid on Thursday/Friday.
You can see that the bankers saw the massive increase in contracts to our large specs and small specs.
They provided the non backed paper and then commenced the raid.

The large specs:

Those large specs that have been long in silver looked at declining inventories everywhere so they decided to add 3774 contracts to their long side.

Those large specs that have been short in silver did not like what they saw so they covered 722 contracts from their short side.

Our commercials:

Those commercials that have been long in silver and are close to the physical scene covered a rather large 1,898 contracts.

Those commercials who have been short in silver from the beginning of time, added a monstrous 4,023 contracts to their short side getting ready for the big raid.

Our small specs:

Those small specs that have been long in silver added a huge 1970 contracts.
Those small specs that have been short in silver added a tiny 545 contracts to their short side.

Conclusion: the bankers supplied the necessary paper knowing full well that a raid was called for on Thursday/Friday. Our banking heroes can carry out their criminal collusive behaviour knowing full well that they have the regulators in their pockets.

http://harveyorgan.blogspot.com/2012/02/italy-and-its-debt-to-gdpgreece-debt.html

George.

Click on "In reply to", for Authors past commentaries.