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Silver Commentaries

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

COT Silver Report - June 6, 2014

COT Silver Report - June 6, 2014

Bullish Record PM Shorting

The precious metals plunged last week, knifing through key support zones to unleash an explosion of bearish sentiment. This troubling heavy selling wasn’t news-driven, it emerged out of the blue. Who was dumping gold and why? Later data confirmed it was American futures speculators short selling gold and silver at record levels. Extreme shorting is very bullish, as these bets soon have to be covered.

COT Silver Report - May 30, 2014

COT Silver Report - May 30, 2014

BRICS Gold Source and Belgium Bulge

May 29, 2014

The BRICS nations in the Jackass view are acting in coordinated fashion. These players are explicitly telegraphing a message to those who knew how to read it. The Eastern group of sovereign nations is making a global billboard statement, a Call to Arms in the Global Monetary War, in the Global Gold War. They wish to formulate the critical mass required to launch a New Gold Trade Standard. They must assemble the gold reserves, a very complex task when such great volume approaching 10,000 tons is…

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