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Silver Commentaries

Silver Market Update

July 13, 2014

Whilst acknowledging that “this time it could be different” we have no choice but to call gold and silver lower on the basis of their latest extraordinary COT charts, which reveal that the normally wrong Large specs are already “betting the farm” on this rally. This is especially the case with silver where the Commercial short and Large Spec long positions are already way in excess of what we saw at the March peak.

COT Silver Report - July 11, 2014

COT Silver Report - July 11, 2014

Massive PM-Futures Buying

Both gold and silver have enjoyed massive buying by American futures speculators in recent weeks. It all started with Fed chair Janet Yellen’s cavalier dismissal of inflation, but the buying momentum persisted well after that. Happening in the midst of the summer doldrums when global precious-metals investment demand is weak, this is an exceptionally-bullish portent. It is setting up the PMs for a major autumn upleg.

COT Silver Report - July 7, 2014

COT Silver Report - July 7, 2014

Silver Market Update

June 29, 2014

Latest COT data released on Friday shows an astounding ramp in Commercial short positions in silver that it believed to be unprecedented, and given that silver is now critically overbought after 14 up days in a row up till last Thursday, it is safe to assume this means trouble.

COT Silver Report - June 27, 2014

COT Silver Report - June 27, 2014

COMEX – Why it’s Corrupt

June 27, 2014

It is one thing to label (libel?) the world’s most important precious metals exchange as the most corrupt; but perhaps quite another to prove it in terms beyond reasonable doubt. First, let me be clear in what I am asserting – the Commodities Exchange Inc. (COMEX), owned and operated by the CME Group, has come to control and manipulate the price of gold and silver, as well as copper, for the sole benefit of certain exchange insiders, most prominently JPMorgan.

Silver COT Report - June 20, 2014

COT Gold, Silver and US Dollar Index Report - June 20, 2014

Firmer tone in Silver & Gold

June 20, 2014

Silver also responded dramatically, rising through the $20 level to $20.90 for a gain yesterday of 5%. The price action and open interest so far this month is shown in the following charts and illustrates how record bear positions are being squeezed in both metals. Note also that yesterday’s action involved many new players, evidenced by the sharp jump in open interest, in silver’s case to a new 18-month record.

COT Silver Report - June 13, 2014

COT Silver Report - June 13, 2014

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