Silver COT Report 12/30/11

The commercials reduced their net silver futures short position a further 693 contracts (3.465 million ounces) in the week ending Tuesday 12/27/11.  The commercials have now reduced their net short position in silver to 14,132 contracts, a mere 70.66 million ounces.  This is a massive (we're talking 150 million + ounces) reduction from recent highs, and is now the lowest net short position in recent memory.  The commercials' net shorts were likely reduced even further on Wednesday and Thursday during silver's major smash to $26.   This means that the commercials are currently positioned about as long as they have been in the past decade- which bodes good things for the price of silver going forward.   There is only so much blood you (the bullion banks) can wring out of a stone, and the stone looks drier than Ezekiel's dry bones.  The fact that the commercials have been massively buying (reducing net shorts) into silver's recent price weakness indicates that the commercials are preparing for the next major rally in silver.  Are you?
Stack the Smack!!!

Silver COT Report 12/30/11

Silver COT Report - Futures
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
24,026	17,171	18,449	41,224	55,356	83,699	90,976
-276	297	470	1,207	514	1,401	1,281
Traders
59	39	43	38	41	121	107
	Small Speculators
	Long	Short	Open Interest
	20,294	13,017	103,993
	1,427	1,547	2,828
	non reportable positions		Change from the previous reporting period
COT Silver Report - Positions as of				Tuesday, December 27, 2011

Silver COT Report - Futures & Options Combined
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
24,822	13,794	39,048	53,053	71,590	116,923	124,432
-3	580	-2,763	899	-255	-1,868	-2,439
Traders
79	34	65	42	45	146	126
	Small Speculators
	Long	Short	Open Interest
	21,688	14,180	138,611
	677	1,248	-1,191
	non reportable positions		Change from the previous reporting period
COT Silver Report - Positions as of				Tuesday, December 27, 2011