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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (33135)5/24/2005 11:32:36 PM
From: Activatecard  Respond to of 110194
 
Ted Butler says:
Once again, there is no legitimate economic reason for a short not to deliver as soon as they possibly can, save they don’t have the material. About the best thing one can say about the May COMEX silver delivery is that it is nowhere near as extreme as the May COMEX copper delivery, where there are over 2000 contracts open with the same two trading days remaining. Interestingly, this number of contracts in copper is more than all the total copper in COMEX warehouses, something I have never seen before. This is a very extreme and unusual circumstance. I don’t know what conclusion to reach other than copper is, obviously, very tight and that the management of the COMEX doesn’t seem quite on top of the situation in allowing such a development.



To: russwinter who wrote (33135)5/24/2005 11:58:22 PM
From: ild  Read Replies (1) | Respond to of 110194
 
<<<As of the last COTs, the specs were still long 10,811 CL and 6,874 NG. That's probably now a bit lower since energy has weakened since the report late of Tuesday the 17th.>>>

Without accounting for options the commercials have been long CL for three weeks
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