Silver COT Report 1/20/12

The commercials increased their naked short silver positions by a net 1,320 additional contracts (6.6 million ounces) in the week ending 2/17/12, indicating that the cartel is yet far from throwing in the towel in the manipulation of silver.  Increasing shorts into price rallies has been the cartel's SOP over the length of this bull run, and we can expect the manipulation to continue until the large commercial shorts step aside on a major price rally, and refuse to add to shorts into price strength.

SILVER COT REPORT 1/20/12

Silver COT Report - Futures
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
26,209	12,816	19,228	39,029	59,411	84,466	91,455
1	-2,321	372	70	1,390	443	-559
Traders
62	32	41	36	42	120	99
	Small Speculators
	Long	Short	Open Interest
	19,202	12,213	103,668
	-1,120	-118	-677
	non reportable positions		Change from the previous reporting period
COT Silver Report - Positions as of				Tuesday, January 17, 2012

Silver COT Report - Futures & Options Combined
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
27,112	10,447	40,729	51,436	75,873	119,276	127,048
272	-1,854	1,060	803	1,917	2,136	1,123
Traders
76	34	60	39	44	138	121
	Small Speculators
	Long	Short	Open Interest
	21,613	13,841	140,889
	-1,108	-95	1,028
	non reportable positions		Change from the previous reporting period
COT Silver Report - Positions as of				Tuesday, January 17, 2012