GOLDBUGS AMEX Goldbugs Index (GOLD)

[DiscoverGold]

Gold and Silver COT Reports - Futures By Harvey Organ

* Saturday, March 3, 2012

ECB record deposits/Moody's lowers Greek debt to C/Spanish unemployment rises as GDP contracts

The COT report was released at 3:30 pm Friday. These include the results from Feb 21 through to the 28th.

Let us head over to the gold COT first:

Those large speculators that are long in gold increased their long positions by a whopping 16,707 contracts.

Those large speculators that have been short in gold added another 4448 contracts to those short positions.

Our commercials:

Those commercials that are long in gold and are close to the physical scene
pitched a tiny 943 contracts form their long side.

Those commercials who have been perennially short in gold and manipulate this market on a daily basis, added another whopping 15,106 contracts to their short side. This is two weeks in a row that we have seen massive increase in commercial short positions.

Our commercials;

Those small specs that have been long in gold added a rather large 3949 contracts to their long side.

Those small specs that have been short in gold added a tiny 159 contracts to their shorts.

Conclusions: for two straight weeks the commercials supplied massive quantities of non backed paper. No wonder the massive attack on the 29th of February, one day following
the end day readings on the COT report. It seems that the official sector is behind all of the gold (and silver) trades.

end

The silver COT report:

Those large speculators that have been long in silver added a large 3,193 contracts to their long side.

Those large speculators that have been short in silver covered a tiny 145 contracts from their shorts.

Our commercials;

Those commercials that are close to the physical scene and are long in silver
added a very large 2067 contracts to their long side.

But those commercials that have been short in silver from the beginning of time
and subject to the criminal probe on silver manipulation added a whopping 7,472 contracts to their short side.

Our small specs:

Those small specs that are long in silver added a rather large 1696 contracts to their long side.

Those small specs that are short in silver covered a smallish 396 contracts from their short side.

Conclusion: there is no question that the object of interest for the bankers was silver. The bankers certainly used their firepower to supply massive non backed paper trying to remove as many silver leaves as they could. Although the raid knocked the price of silver
down, they failed in the attempt to lower the playing field. They will try again until they succeed, with the knowledge that the regulators are looking busy looking in other directions ( such affairs as the M.F. Global scandal).

http://harveyorgan.blogspot.com/2012/03/ecb-record-depositsmoodys-lowers-greek.html

George.

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