The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label cot. Show all posts
Showing posts with label cot. Show all posts

Tuesday, June 21, 2016

Naked shorting on gold at the Comex now the highest in history

For those who believe in the power of physical gold, either as a trader, investor, or as insurance for a devaluing currency, they must always remember that the battle over price will be a waged more as a long duration war rather than as a single battle for control.  And since the gold price reached its all-time high of $1940 back in 2011, this war to suppress the gold price continues well into its 5th year.

Since the beginning of 2016, gold has not only been the best performing asset in the markets, but it has experienced a paradigm shift where investors and money managers who discredited gold six months ago are now fully into its camp and are fighting to accumulate the metal in an environment of every shrinking supplies.

This of course should have created the catalyst for a huge boom in the gold price if the markets were equitable and fair.  But since gold is far more than just a valuable asset, and is also the barometer for each nation's currency, protection of the dollar as what is at the heart of this war to suppress the gold price, and it appears now that the powers that be are pulling out all the stops.

On Friday June 17, the Commitment of Traders Report (COT) came out and showed that the bullion banks are now shorting the Comex (Commodities Exchange - where the gold price is set) with a record number of naked short contracts meant to keep the price of gold from reaching, breaking through, and closing over $1300 per ounce.

COT Report
Graph courtesy of Streetwise Repots
With Friday’s Commitment of Traders Report, the ridiculous has just metastasized into the sublime as the Commercial Cretins have just gone “over the top” and added another 5.4M “ounces” to their synthetic gold short position. 
At 298,077 contracts declared short, they are now carrying the largest short position in Crimex history. 
The scary part is that these figures don’t include the big rise in open interest yesterday and you just KNOW that it ballooned out due to more Cartel shorting. - Silver Doctors
Geo-political events, along with economic and financial ones, will cause the price of gold to be extremely volatile over the rest of 2016, and well into 2017.  But know that not only is the Bull Market confirmed by most analysts and technical charts, the end game for gold will soon be a breakthrough from its previous all-time highs, and a boon to all those with the patience and stomach to stay the course in their trust in the power of gold.

Monday, May 30, 2016

Canadian mint sales of gold up 20% in Q1 while U.S. buyers of Comex gold contracts soar at record pace

For those obsessed with the current slam downward in gold prices, realize that this is a short-term paper driven anomaly by the U.S. central bank to protect the dollar from falling below 92 on the currency index.  And the primary reason to feel decent despite the $100 drop in the price is because demand continues to soar at record levels in both the physical and paper markets.

On May 28, the Canadian Mint released their sales numbers for gold maple leaf coins and for the quarter of 2016, purchases were up nearly 20% from the same quarter in 2015.

The Royal Canadian Mint Sold 212,600 Ounces of Gold in the First Quarter of 2016.
First quarter 2016 Canadian Mint gold sales rose 18.7% year over year in Q1 2016 from 179,100 ounces sold in the same quarter in 2015. First quarter 2016 gold sales put the Royal Canadian Mint on Track to sell One Milion ounces in 2016. 
The Royal Canadian Mint released its first quarter 2016 report this week. 
The report showed that Royal Canadian Mint first quarter 2016 gold sales increased 18.7% year over year from the first quarter of 2015. (212,600 ounces vs. 179,100 ounces) - SGT Report
Additionally, there was an interesting and historic anomaly last week in the Commitment of Traders (COT) report that shows open interest on the U.S. Comex market.  In it, speculators were leaving the gold futures market while at the same time the number of commercial traders going long in the metal did so at the fastest rate in the report's history.
Summary 
Speculative traders abandoned gold positions at a tremendous rate over the past week. 
While speculative bulls were dropping their gold contracts, larger commercial traders were buying up gold long contracts at the fastest rate in the report's history. 
While we have been bearish on gold for the past few weeks, we now think it is a good time for investors to start re-establishing gold positions. 
In the latest Commitment of Traders report (COT), we saw something very unusual happen but it wasn't on the speculative side. Speculative traders did what we expected them to do with the price downturn - longs sold hand over fists while shorts increased their own positions. But what was unusual was that Commercial traders (the big buyers of gold) increased their positions by the largest weekly amount in the history of the new COT report. - Seeking Alpha