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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (34730)	7/10/2012 1:58:46 PM
From: Ontherise	Read Replies (1) \| Respond to of 222462

Over on Kitco, kitco.com, whenever the non-commercials go long, and the commercials increase there short position, the commercials (JP Morgan), always engineer a drop to cover their shorts and harvest the longs. "The silver net-long position for the managed-money accounts rose to 6,588 contracts. The rise came from cutting 2,618 gross shorts and adding 1,082 gross shorts. Producers are net-short and amplified that position by adding more gross shorts than gross longs. Swap dealers are net-long but reduced their position by cutting gross longs and adding gross shorts." "In the legacy report, the silver net-long for non-commercials also rose. They added 197 gross longs and cut 3,623 gross shorts, signifying the gain came mostly from short covering. They are now net-long 11,720 contracts. Commercials are net-short, but expanded exposure by cutting gross longs and adding gross shorts."