Clearly they were preparing for the massing coordinated attack launched on Thursday smashing silver 7% lower. Look for the commercials (JP Morgan in particular) to have substantially covered their shorts into the smash when next week's COT report is released.
SILVER COT REPORT 11/18/11
Silver COT Report - Futures | ||||||
Large Speculators | Commercial | Total | ||||
Long | Short | Spreading | Long | Short | Long | Short |
25,822 | 11,375 | 22,303 | 38,950 | 65,242 | 87,075 | 98,920 |
1,408 | -99 | 4,583 | -2,505 | -924 | 3,486 | 3,560 |
Traders | ||||||
64 | 39 | 45 | 36 | 43 | 125 | 107 |
Small Speculators | ||||||
Long | Short | Open Interest | ||||
23,438 | 11,593 | 110,513 | ||||
-4,814 | -4,888 | -1,328 | ||||
non reportable positions | Change from the previous reporting period | |||||
COT Silver Report - Positions as of | Tuesday, November 15, 2011 | |||||
Silver COT Report - Futures & Options Combined | ||||||
Large Speculators | Commercial | Total | ||||
Long | Short | Spreading | Long | Short | Long | Short |
26,283 | 6,054 | 58,347 | 53,681 | 86,616 | 138,311 | 151,017 |
1,364 | -151 | 4,838 | -2,232 | -1,105 | 3,970 | 3,582 |
Traders | ||||||
91 | 37 | 82 | 38 | 44 | 161 | 138 |
Small Speculators | ||||||
Long | Short | Open Interest | ||||
27,725 | 15,019 | 166,036 | ||||
-5,577 | -5,189 | -1,607 | ||||
non reportable positions | Change from the previous reporting period | |||||
COT Silver Report - Positions as of | Tuesday, November 15, 2011 | |||||
