Serpo
4th February 2013, 04:19 PM
the shorts seem to be piling up in silver as the only way to keep the price down but no one wants to sell so they keep adding more and more..........
In silver, The Civil War continues and The Monkeys on the JPM silver desk have apparently decided to adopt the ultra-successful, Bruno Iksil-model of doubling down while praying for salvation. Like Iksil, they will ultimately fail in spectacular fashion.
For the CoT week, while price was falling by over a dollar, JPM was forced to add shorts. This never happens. As you know, JPM always rigs declines on order to ring the register on the LargeSpecSheep. However last week while price was falling, the LSS were covering shorts and adding longs, to the tune of net +3,700 contracts and the other commercials added 600+, too. This forced The Forces of Darkness to create 3,483 fresh, paper shorts when the would otherwise have been able to cover, instead. In fact, Uncle Ted estimates that JPM alone added another 2,500 nakes shorts last week, bringing their total Comex short position to over 33,000 contracts. When you take out the 47,000 spread contracts, JPM is short over 33% of the entire open interest!! This is brazenly unfair and manipulative yet Thunderlips and Cueball continue to look the other way and allow this criminal concentration to continue. Simply disgusting.
On the bright side, JPM has built themselves a funeral pyre of epic proportions. It's made of kindling, fireworks, TNT, gasoline and gunpowder and it could literally explode at any moment. When it does, the spectacle will be truly breathtaking.
http://www.tfmetalsreport.com/blog/4477/view-37000-feet
http://www.silverdoctors.com/gold-silver-cot-report-13113-commercials-increase-silver-short-position-a-massive-14-million-ounces/
In silver, The Civil War continues and The Monkeys on the JPM silver desk have apparently decided to adopt the ultra-successful, Bruno Iksil-model of doubling down while praying for salvation. Like Iksil, they will ultimately fail in spectacular fashion.
For the CoT week, while price was falling by over a dollar, JPM was forced to add shorts. This never happens. As you know, JPM always rigs declines on order to ring the register on the LargeSpecSheep. However last week while price was falling, the LSS were covering shorts and adding longs, to the tune of net +3,700 contracts and the other commercials added 600+, too. This forced The Forces of Darkness to create 3,483 fresh, paper shorts when the would otherwise have been able to cover, instead. In fact, Uncle Ted estimates that JPM alone added another 2,500 nakes shorts last week, bringing their total Comex short position to over 33,000 contracts. When you take out the 47,000 spread contracts, JPM is short over 33% of the entire open interest!! This is brazenly unfair and manipulative yet Thunderlips and Cueball continue to look the other way and allow this criminal concentration to continue. Simply disgusting.
On the bright side, JPM has built themselves a funeral pyre of epic proportions. It's made of kindling, fireworks, TNT, gasoline and gunpowder and it could literally explode at any moment. When it does, the spectacle will be truly breathtaking.
http://www.tfmetalsreport.com/blog/4477/view-37000-feet
http://www.silverdoctors.com/gold-silver-cot-report-13113-commercials-increase-silver-short-position-a-massive-14-million-ounces/