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SN3165 (< 20)

Are the Banks Covering Their Silver Shorts - and Going Long Silver?

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10

October 09, 2011 – Comments (3) | RELATED TICKERS: SLW , GPL , EXK

Hi Guys, I'll leave this up to the experts to discuss. Just passing along some info.

http://www.cftc.gov/marketreports/commitmentsoftraders/index.htm

CFTC Commitments of Traders Report - Oct.  4

SILVER - COMMODITY EXCHANGE INC. (CONTRACTS OF 5,000 TROY OUNCES) : CFTC Code #084691 Open Interest is 101,102 : :

Positions : : 10,859(long) 40,733(short)

 This is Sept. 20 Report.
SILVER - COMMODITY EXCHANGE INC. (CONTRACTS OF 5,000 TROY OUNCES) : CFTC Code #084691 Open Interest is 112,103 : :

Positions : : 6,910(long) 51,686 (short

 

Net Long Change: +3949

Net Short:  -10956

3 Comments – Post Your Own

#1) On October 09, 2011 at 10:57 PM, RallyCry (< 20) wrote:

Thanks for the info. The short format report also gives some details on gold and other metals.

 http://www.cftc.gov/dea/futures/other_sf.htm

Not sure the decline in shorts can be confirmed as a major trend unless multiple weeks show a sustained decrease. I'm interested to see the next report.

 

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#2) On October 10, 2011 at 11:24 PM, SN3165 (< 20) wrote:

I will update everyone when the next report comes out. Stay tuned

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#3) On October 10, 2011 at 11:59 PM, SN3165 (< 20) wrote:

Someone correct me if I'm wrong here, to recap - 14,902 contracts changed hands in two weeks, representing 74,5 million ounces of silver (5,000 ounces per contract), $2.3 Billion Dollars worth at $32. 

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