Welcome To The Golden Minerals HUB On AGORACOM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Message: excerpt from Organ...
|
Gold COT Report - Futures
|
||||||
|
Large Speculators
|
Commercial
|
Total
|
||||
|
Long
|
Short
|
Spreading
|
Long
|
Short
|
Long
|
Short
|
|
259,388
|
55,815
|
14,425
|
163,472
|
412,678
|
437,285
|
482,918
|
|
Change from Prior Reporting Period
|
||||||
|
-32,586
|
11,016
|
-1,289
|
8,458
|
-29,970
|
-25,417
|
-20,243
|
|
Traders
|
||||||
|
213
|
76
|
73
|
51
|
57
|
296
|
177
|
|
Small Speculators
|
||||||
|
Long
|
Short
|
Open Interest
|
||||
|
72,938
|
27,305
|
510,223
|
||||
|
6,237
|
1,063
|
-19,180
|
||||
|
non reportable positions
|
Change from the previous reporting period
|
|||||
|
COT Gold Report - Positions as of
|
Tuesday, August 09, 2011
|
wow! did you see this?
Those large speculators that have been long in gold decided on mass to pitch huge quantities of their positions to the tune of 32,586.
Those large speculators that have been short added a huge 11,016 contracts to their shorts.
and now for our commercials:
Those commercials who are long gold and close to the physical scene added 8,458 contracts to their longs.
And our bankers who are always short: they covered a massive 29,970 contracts into a rising price of gold. The bankers got slaughtered!!
The small specs who are long jumped on the bandwagon again as they raised their longs by
6237 contracts.
The small specs who are short added 1,063 contracts to their shorts.
Conclusion: the gold COT has started to resolve itself as the bankers were frightened by the huge rise in gold and they were forced to liquidate some of their shorts at higher and higher prices. This is getting closer and closer to a systemic banking failure.
7 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply