Replies to post #3727 on S&P 500 Analysis & ETF Trading

[dsp]

latest COT data: http://news.goldseek.com/COT/1352493092.php

whats interesting is, we have commercial traders dumping short interest this past week as we got that raid down to the 200 dma in gold and silver, which could be construed as bullish as harvey organ points out here:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81353453

however short interest is as high as it has been this year, like last february before we saw the three month onslaught in the metals march 1st.

it is my opinion that the reason for such the high short readings is just the bankers reaction to the soaring open interest in the metals from the large and small spec's trying to keep prices in check...open interest is soaring, volume is coming in...and we have a few things working in favor of higher prices....

1. seasonality, historically now through march is a good time for metals.
2 an obama re-electrion which will drive more QE

I am thinking(not hoping, lol) these huge short positions could create a spike in prices as physical silver is consumed by sprott and others, and we get a squeeze from the commercials trying to back out of the short positions.

http://harveyorgan.blogspot.com/2012/11/sprott-does-another-silver-purchaseeu.html

although, with the easy money printing we have going on now, maybe bernanke and the crooks will just keep supplying the necessary paper to keep the raids going, because they can't let the price of the metals soar too much, and we have only seen the beginning of record historic short interest in the metals?

some say we are due for a large rally in the dollar, but fundamentally that seems way off base?
but i guess that is when the market asserts the contrarian trend and takes your money...

in any regard, i bought another 100 oz (10) 10 oz bars last week for the long haul.

thoughts?

[dsp]

trying not to get unraveled this week,

should have gone further out with my options, but got that one last dip that prevented me from rolling out to december.

keep the charts coming this week, and i would be interested to know when and if you dump your second half of SLV,

cheers, and good trading to you!