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Message: Rally To Close The Week

Yesterday's Commitment of Traders report [for positions held at the close of trading on Tuesday, February 2nd] is a case in point of what I spoke of in the last paragraph. The bullion banks decreased their net short position in silver by a whopping 8,148 contracts. But, like last week's COT, it's the way they did that's most important. They went long 3,536 contracts and covered 4,612 short positions. This is how they covered their tracks last week, this week... and how they did it on Thursday's big take-down. And the 'how they did it' on Thursday won't show up until next Friday.

Like I said, these crooks are clever bastards.

Ed Steer

Just the title could could supply the "fodder" for a 4 volume collection!

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