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Gold and Silver COT Reports - Futures By Harvey Organ

* Saturday, February 25, 2012

Dexia bank/Deutsche Bank/Greece/Silver and Gold Standings at the Comex/ Iran

Let now head over to the COT report and see how the players line up this week:

First the Gold COT:

Our large specs that have been long in gold added a monstrous 14,011 contracts to their longs taking on the bankers.
Our large specs that have been short in gold added a very tiny 470 contracts to their shorts.

Our commercials;

Those commercials who are long in gold and are close to the physical scene covered a very tiny 814 contracts from their long side.
Those commercials who have been short from the beginning of time and are the prime manipulators in gold, added a super humongous 19,080 contracts to their short side.

Our small specs:

The small specs that have been long in gold added a huge 7,127 contracts to their long side as these guys joined their smarter and wealthier cousins the long specs in the pursuit of gold.
Those small specs that have been short in gold added a small 774 contracts to their short side.

Conclusion: the large and small specs piled into gold and our banker friends supplied huge amounts of non backed paper gold. This COT report is from Tuesday the 14th to the 21st of February. The attempted raids on Thursday and Friday were orchestrated due to the massive buildup of long positions by our specs. It had nil effect. The bankers retreated to higher ground and will attack again.

Now our silver COT

Large Specs:

Those large specs that have been long in silver added a rather large 1,959 contracts to their long side.

Those large specs that have been short in silver added a fair 962 contracts to their short side.

Our commercials:
Those commercials that have been long in silver and are close to the physical scene added
a tiny 308 contracts to their long side.

Those commercials that have been short in silver and subject to the silver probe, added a good sized 2186 contracts to their short side.

Our small specs;

Those small specs that have been long in silver added a rather large for them 1,270 contracts.
The small specs that have been short in silver added another 389 contracts to their short side.

Conclusion: the large specs certainly entered the arena but the bankers did not supply too much of the paper silver. They allowed the price to rise and thus the bankers retreated to higher ground. They will try again to attack next week.

http://harveyorgan.blogspot.com/2012/02/dexia-bankdeutsche-bankgreecesilver-and.html

George.

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