• 97 days Could Crypto Overtake Traditional Investment?
  • 102 days Americans Still Quitting Jobs At Record Pace
  • 104 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 107 days Is The Dollar Too Strong?
  • 107 days Big Tech Disappoints Investors on Earnings Calls
  • 108 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 110 days China Is Quietly Trying To Distance Itself From Russia
  • 110 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 114 days Crypto Investors Won Big In 2021
  • 114 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 115 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 117 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 118 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 121 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 122 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 122 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 124 days Are NFTs About To Take Over Gaming?
  • 125 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 128 days What’s Causing Inflation In The United States?
  • 129 days Intel Joins Russian Exodus as Chip Shortage Digs In
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

Silver COT (CFTC - Commitment of Traders) for Period 6/6-6/12/2012

Commercials sold off -7,521 longs and covered 4,853 shorts to end the week with 54.94% of all open interest, a very minor change since last week, and now stand as a group at -15,879,200 ounces net short, only 250,000 added net short from the previous week. The producer/merchant portion actually increased 96 longs while covering -2,550 shorts. This was a very boring week! The method behind the madness is not too cause much stir in the speculators while the specs continue to add some longs since last Friday. A minor, fake raid happened on Thursday but the real raid is coming in the not too distant future.

Large speculators lost -2,703 longs and covered a huge -6,154 shorts for a net long position of 13,231,500 ounces, a increase in their net long position of about 8500,000 ounces from the prior week.

Small speculators were tricked out of -1,468 longs and covered -685 shorts for a net long position of 2,647,500 ounces a slight decrease in their net long positions from the prior week. The small specs are holding those short position ferociously.

As in my silver report, the gold report is even more boring. There was no significant activity by the commercials this week as some thought there was a raid on Thursday but this action was just done to make it look like there was actually a battle going on while the commercials are just lying in wait for more speculator longs to buy in before tripping their stops and executing more massive short coverings.

Always 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

Silver COT

See you next week!

 

Back to homepage

Leave a comment

Leave a comment