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Gold and Silver COT Reports - Futures By Harvey Organ

* Saturday, February 18, 2012

Greece updates/Iran/High amounts of physical silver standing in February/

Let us now head over to see how positions changed with our players with Friday's COT report:

first gold.

Our large speculators:

Those speculators that have been long in gold lightened up a bit on their longs to the tune of 7,288 contracts as the weaker longs succumbed to the wishes of the crooked bankers.

Those speculators that have been short in gold, increased those shorts to the tune of 2,799 contracts.

The commercials;

Those commercials who have been long in gold and close to the physical scene, added 3733 contracts to their long side.

Those commercials who have been perennially short in gold e.(JPMorgan and friends) covered 7933 contracts from their short side. The raid allowed them to cover these contracts.

Our small specs:
Those small specs that have been long in gold pitched a rather large 2519 contracts and these guys were also victims to the criminal collusive action of the bankers.

Those small specs that have been short in gold covered 942 contracts from their short side.

Conclusion: now more bullish for gold as the bankers are covering their short positions and they went net long this reporting week.

Remember that the report is from Tuesday Feb 7 through to the 14th of February. We had interesting days on Wednesday, Thursday and Friday.

Now for our Silver COT:

Our large specs:

Those large specs that have been long in silver continued by slowly adding another 621 contracts to their long side. (Note the difference in the large specs with silver in contrast to the large gold specs)

Those large specs that have been short in silver,did not like the lay of the land and covered a rather large 1460 contracts from their short side.

Our commercials;

Those commercials who are long in silver covered a very tiny 368 contracts.
Those commercials who have been perennially short in silver and subject to the criminal probe on manipulation reluctantly supplied 2292 contracts

Our small specs:

those small specs that have been long in silver pitched 741 contracts from their long side;
those small specs that have been short in silver covered a rather large 1,320 contracts.

Conclusion: the large specs are taking on the bankers. The large specs will win if they seek the physical from the bankers in the delivery process and remove that metal from all registered comex vaults.

http://harveyorgan.blogspot.com/2012/02/greece-updatesiranhigh-amounts-of.html

George.

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