Godlike Productions - Discussion Forum
Users Online Now: 1,751 (Who's On?)Visitors Today: 1,482,518
Pageviews Today: 2,502,354Threads Today: 794Posts Today: 15,936
11:22 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon

 
Anonymous Coward
User ID: 1963210
China
09/25/2011 10:17 AM
Report Abusive Post
Report Copyright Violation
COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
The big bullion banks i.e. the dubious ones short gold and silver (and whom really make the prices move), have reduced their short positions seriously after Friday's plunge in the metals.

In a nutshell, they have become more long than short (net reduction of shorts or adding to longs) by a significant 8 to 1 factor, more long silver by a 7 to 1 factor, and more short US Dollar by a massive 23 to 1 factor.

The COT report, which comes out after the market is closed, suggests some positive things in that respect:

1) They are less sure on shorting silver/gold, and getting out while they can.

2) Net long positions will offset their short positions, so less motivation to raid prices hard and suppress by any and all means.


Commercial traders in silver, the largest group (and the ones who control the price more or less) decreased net short position by a total of 4,679 contracts, or 23,395,000 troy ounces.

In gold, the commercials decreased net short positions by 12,840 contracts which, multiplied by 100, is a reduction 1.284 million ounces. The commercial net short position is now down to 19.76 million ounces...and it hasn't been under twenty million ounces for a long time.

You can get the COT report here:
[link to www.cmegroup.com]
Anonymous Coward (OP)
User ID: 1963210
China
09/25/2011 10:34 AM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
Shameless bump for any gold/silvertards in the house. I hope people made the most of this dip, as it could be short-lived.

Maybe another $30 to $50 quick dip (in gold) left, otherwise there seems a strong possibility it won't last long...
Anonymous Coward
User ID: 1532802
United States
09/25/2011 10:39 AM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
Thanks...
excellent info.

I sold my GLD position at 169 last week... made a nice profit off of a purchase price of 96... I may get back in later.

I had a tiny SLV position which I lost on with this recent crash.. so I am just sitting tight and keeping it.
Anonymous Coward
User ID: 1928533
Germany
09/25/2011 10:47 AM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
OP, your link contains no COT report. Can you post the real link?
Anonymous Coward (OP)
User ID: 1963210
China
09/25/2011 10:53 AM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
Thanks...
excellent info.

I sold my GLD position at 169 last week... made a nice profit off of a purchase price of 96... I may get back in later.

I had a tiny SLV position which I lost on with this recent crash.. so I am just sitting tight and keeping it.
 Quoting: Anonymous Coward 1532802


No probs - always good to book some profits while you can. But if you are not on margin trading silver, I'd hang on for at least the short/medium term and ride any further downside out (though, the COT report suggests the TRUE shorters are losing faith in being short). But don't take advice from an AC on here...look at the COT figures yourself is better.

Anyhow, I hope more people become aware of this, as when the big commercials lighten up significantly on their shorts, it's for good reason.
Anonymous Coward (OP)
User ID: 1963210
China
09/25/2011 10:57 AM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
OP, your link contains no COT report. Can you post the real link?
 Quoting: Anonymous Coward 1928533


Sorry. Try this:

[link to www.cmegroup.com]
Anonymous Coward
User ID: 1556553
United States
09/25/2011 10:59 AM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
A lot of goldtards have lost their asses on here.
Anonymous Coward (OP)
User ID: 1963210
China
09/25/2011 11:03 AM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
OP, your link contains no COT report. Can you post the real link?
 Quoting: Anonymous Coward 1928533


Or, the silver COT report is here:

[link to www.cmegroup.com]
Anonymous Coward
User ID: 1073423
United Kingdom
09/25/2011 11:07 AM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
A lot of goldtards have lost their asses on here.
 Quoting: Anonymous Coward 1556553


No they haven't.

Some of 'em might be just a little out of pocket atm, but if you are a gold/silvertard you are more likely to be a long term player holding the physical asset ... which is the same as saying that they can't loose.


Nice article OP.

Gonna get some more metal tomorrow.
Anonymous Coward
User ID: 1928533
Germany
09/25/2011 11:11 AM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
OP, your link contains no COT report. Can you post the real link?
 Quoting: Anonymous Coward 1928533


Or, the silver COT report is here:

[link to www.cmegroup.com]
 Quoting: Anonymous Coward 1963210


Harvey Organ ( [link to harveyorgan.blogspot.com] says Friday's report covers trading from Tuesday to Tuesday, therefore the raid on Thursday and Friday is not included there.
Anonymous Coward (OP)
User ID: 1963210
China
09/25/2011 11:23 AM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
OP, your link contains no COT report. Can you post the real link?
 Quoting: Anonymous Coward 1928533


Or, the silver COT report is here:

[link to www.cmegroup.com]
 Quoting: Anonymous Coward 1963210


Harvey Organ ( [link to harveyorgan.blogspot.com] says Friday's report covers trading from Tuesday to Tuesday, therefore the raid on Thursday and Friday is not included there.
 Quoting: Anonymous Coward 1928533


The principle remains that the commercials, who are the ones who matter - particularly the bullion banks - have altered their positions (at least for the latest COT reports as at Friday's close).

Short-term speculators are the one's who paniced and sold, not the commercials who really drive the price. COT reports are a huge driver of speculative money, and all indications point to the metals now being oversold.

Anyhow, it is sound, good news if you are in for the medium or long term either way. They are reversing net positions.
Anonymous Coward
User ID: 1549393
United States
09/25/2011 11:34 AM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
Remember the Golden rule:

He with the gold, makes the rules!
Anonymous Coward
User ID: 1536198
United States
09/25/2011 11:39 AM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
The RSI (Relative Strength Index) is approaching 20.....which generally means that things are oversold and a significant bottom is near,


[link to bigcharts.marketwatch.com]
Anonymous Coward
User ID: 1556553
United States
09/25/2011 11:41 AM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
A lot of goldtards have lost their asses on here.
 Quoting: Anonymous Coward 1556553


No they haven't.

Some of 'em might be just a little out of pocket atm, but if you are a gold/silvertard you are more likely to be a long term player holding the physical asset ... which is the same as saying that they can't loose.


Nice article OP.

Gonna get some more metal tomorrow.
 Quoting: Anonymous Coward 1073423


Yes they have.
Anonymous Coward
User ID: 1460682
United States
09/25/2011 11:54 AM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
A lot of goldtards have lost their asses on here.
 Quoting: Anonymous Coward 1556553


No they haven't.

Some of 'em might be just a little out of pocket atm, but if you are a gold/silvertard you are more likely to be a long term player holding the physical asset ... which is the same as saying that they can't loose.


Nice article OP.

Gonna get some more metal tomorrow.
 Quoting: Anonymous Coward 1073423


Yes they have.
 Quoting: Anonymous Coward 1556553


jerkit
Most people playing this game bought at very low prices by comparison. Less than $20/oz for silver and less than $1000 for gold. These were the prices just a few years ago.

Great post OP!
Anonymous Coward
User ID: 1557219
United States
09/25/2011 12:09 PM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
Explain to me how the commercials are "NET LONG as of Friday's close"
Anonymous Coward
User ID: 1132105
United States
09/25/2011 12:15 PM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
A lot of goldtards have lost their asses on here.
 Quoting: Anonymous Coward 1556553


tard
GoldOnCrack
User ID: 1697619
China
09/25/2011 01:12 PM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
Not surprising, that some of the big bullion banks have been decreasing their shorts.

Though what concerns me is, that nobody knows what the position of JPM is in the OTC market.

The people wearing the tin foil hats, seem convinced that JPM is VERY short silver in the OTC market.
Anonymous Coward
User ID: 1548362
Canada
09/25/2011 01:20 PM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
Do not be distracted by media hype over gold's recent price correction
or talk about a new gold "bubble". Instead, keep your eyes on the
facts and your focus on the fundamentals. The 10-year gold
chart illustrates eight major gold price corrections in this bull market since 2003:

1. 2003 - Gold at $382 dropped to $319 (-16%)
2. 2004 - Gold at $425 dropped to $375 (-13%)
3. 2005 - Gold at $536 dropped to $489 (-9%)
4. 2006 - Gold at $725 dropped to $560 (-22%)
5. 2007 - Gold at $841 dropped to $778 (-8%)
6. 2008 - Gold hit $1002 on Mar 17 then dropped to $746 on 9-11-08 15 (-25%)
7. 2009-10 - Gold hit $1215 on Dec 7th then dropped to $1,060 on 2-4-10 (-14.6%)
8. 2010-11 - Gold hit $1,425 in Dec. 2010, then dropped to $1,315 on 1-27-11. (-8%)

Following each of the last EIGHT major corrections, gold prices have
risen an average of 36%.
Anonymous Coward
User ID: 1152154
United States
09/25/2011 01:21 PM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
Does the COTs just should paper positions ? are these bullion banks actually buy ing physical PMs

wtf
Anonymous Coward
User ID: 1443902
Mexico
09/25/2011 01:28 PM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
The big bullion banks i.e. the dubious ones short gold and silver (and whom really make the prices move), have reduced their short positions seriously after Friday's plunge in the metals.

In a nutshell, they have become more long than short (net reduction of shorts or adding to longs) by a significant 8 to 1 factor, more long silver by a 7 to 1 factor, and more short US Dollar by a massive 23 to 1 factor.

The COT report, which comes out after the market is closed, suggests some positive things in that respect:

1) They are less sure on shorting silver/gold, and getting out while they can.

2) Net long positions will offset their short positions, so less motivation to raid prices hard and suppress by any and all means.


Commercial traders in silver, the largest group (and the ones who control the price more or less) decreased net short position by a total of 4,679 contracts, or 23,395,000 troy ounces.

In gold, the commercials decreased net short positions by 12,840 contracts which, multiplied by 100, is a reduction 1.284 million ounces. The commercial net short position is now down to 19.76 million ounces...and it hasn't been under twenty million ounces for a long time.

You can get the COT report here:
[link to www.cmegroup.com]
 Quoting: Anonymous Coward 1963210


OP, manipulators are in both side of the equation , in order to play the game in the right way and under control they need to have long/short positions !!
They make money in ups and downs , just a matter of time.
Anonymous Coward
User ID: 1912569
United Kingdom
09/25/2011 01:30 PM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
A lot of goldtards have lost their asses on here.
 Quoting: Anonymous Coward 1556553


no, a lot of paper shorting goldtards have lost their asses.
Anonymous Coward
User ID: 1971402
United States
09/25/2011 01:31 PM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
Are you talking about PAPER gold or PHYSICAL gold? Most folks don't realize the DIFFERENCE.....
GoldOnCrack
User ID: 1697619
China
09/25/2011 01:35 PM
Report Abusive Post
Report Copyright Violation
Re: COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
One thing you should not forget, that usually when bullion banks run out of people to screw, they start to screw each other. So JPM probably is happy taking the money of the ones that dare to go long now.





GLP