• 480 days Will The ECB Continue To Hike Rates?
  • 481 days Forbes: Aramco Remains Largest Company In The Middle East
  • 483 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 882 days Could Crypto Overtake Traditional Investment?
  • 887 days Americans Still Quitting Jobs At Record Pace
  • 889 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 892 days Is The Dollar Too Strong?
  • 892 days Big Tech Disappoints Investors on Earnings Calls
  • 893 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 895 days China Is Quietly Trying To Distance Itself From Russia
  • 895 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 899 days Crypto Investors Won Big In 2021
  • 899 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 900 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 902 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 903 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 906 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 907 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 907 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 909 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Silver COT (CFTC - Commitment of Traders) for Period 5/9 - 5/15/2012

Commercials scrapped for all of 83 longs but managed to cover -1,908 shorts to end the week with 46.86% of all open interest and now stand as a group at -79,540,000 ounces net short, another huge decrease of almost 10,000,000 ounces net short from the previous week. No one seems to comprehend what these criminals are up to in their strategy to get out of net short positions.

Large speculators got suckered out of -757 long contracts and covered a minute 332 shorts for a net long position of 57,370,000 ounces, a decrease in their net long position of almost over 5,000,000 ounces from the prior week. They are playing right into the commercial's hand but no one is willing to see what is happening for what it really is and they are greedy so more power to them as they get killed like lambs to the slaughter.

Small speculators gave up -238 longs and purchased 664 shorts for a net long position of 22,170,000 ounces an sizable decrease of over 5,000,000 ounces net long from the prior week.

The commercials continue to work their way out of their massive short positions they have accumulated, over the years, and those positions are not there for window dressing. It would seem there is no opne left in the game to hold them to account.

For your convenience, if you would like to contact the CFTC and express your views to them, I have provided you their phone numbers and I hope earnestly that you fill up their phone lines: http://www.cftc.gov/Contact/index.htm and email addresses as well:
ggensler@cftc.gov Chairman Gensler
bchilton@cftc.gov Commissioner Chilton
jsommers@cftc.gov Commissioner Sommers
Somalia@cftc.gov Commissioner O'Malia
mwetjen@cftc.gov Commissioner Wetjen
dmeister@cftc.gov Director Meister

How long must the there exist no free market for speculators in the COMEX metals? How much ill-gotten gain from speculators, at the hands of these producer/merchants, is enough for these commissioners to act and do their jobs to ensure a free market can counter their massive open interest monopolies?

Silver COT

See you next week!

 

Back to homepage

Leave a comment

Leave a comment