Tuesday, February 21, 2012

Commercials Increase Net Silver Shorts by 83% in Last 4 Weeks!

Last Friday's COT report revealed that the commercials had increased their net short position to 34,650.
Not surprisingly, the commercials increased their net short position an additional 2,660 contracts (13.3 million ounces) in the week ending 2/14, bringing their net shorts to 37,310 contracts, or 186,550,000 ounces!
In the last 4 weeks, the commercials have increased their net shorts by 83% from 101.91 million ounces to 186.55 million ounces!
This means that the large commercials traders (allegedly mainly JP Morgan) have NEARLY DOUBLED THEIR NAKED SHORT SILVER POSITION IN THE LAST 4 WEEKS!



Silver COT Report - Futures
Large Speculators
Commercial
Total
Long
Short
Spreading
Long
Short
Long
Short
32,860
7,192
19,371
31,427
68,737
83,658
95,300
621
-1,460
-648
-368
2,292
-395
184
Traders
70
30
41
32
45
125
96

Small Speculators




Long
Short
Open Interest



21,214
9,572
104,872



-741
-1,320
-1,136



non reportable positions
Change from the previous reporting period



Silver COT Report - Futures & Options Combined
Large Speculators
Commercial
Total
Long
Short
Spreading
Long
Short
Long
Short
33,468
5,188
45,534
46,325
87,243
125,327
137,965
347
-1,283
-1,928
-753
1,313
-2,334
-1,898
Traders
79
35
64
36
47
143
121

Small Speculators




Long
Short
Open Interest



24,394
11,757
149,722



-1,171
-1,607
-3,505



non reportable positions
Change from the previous reporting period


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