Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: shakes who wrote (71865)	10/1/2011 11:57:46 AM
From: shakes	of 78414

Ed Steer (this AM) on the latest COT ref. silver: ".....Well, the Commitment of Traders Report lived up to its advanced billing...especially in silver. In silver, the bullion banks decreased their net short position by an incredible 16,446 contracts...which is 82.2 million ounces. I've never seen a 1-week change this large in silver, ever! The net short position in the Commercial category declined to 121.3 million ounces. It's been many years since the Commercial net short position has been this low. The '4 or less' bullion banks are now short 159.7 million ounces...and the '5 through 8' Commercial traders are short 42.9 million ounces. So these eight traders combined are short 202.6 million ounces of silver, which is 167% of the entire Commercial net short position. If these eight Commercial traders disappeared, the remaining Commercial traders [Ted Butler's raptors...all 34 of them] are massively long the silver market, just like everyone else...." Shakes

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