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*Trader Rog…
to bill on friday after the cot report
hi bill,
yesterday you posted an article by graham summers looking for a collapsing dollar. well, the commercials are short the dollar by an amazing 36.08 to 1 ratio. 40,735 short, and 1,129 long. exactly one year ago this ratio was only 1.38 to 1. two years ago it was only 3.72 to 1. The 2015 figures don’t seem to be available. i cannot find a historical chart showing the positions, but you can see the point. if the big banks are this massively short the dollar how can it not fall very soon? i don’t know if they have ever been this massively short the dollar. this would be a godsend.
best,
roger
After asking Rog if he was still short his 20 silver futures contracts…
i’m still short
*********************************************
hi bill,
the OI for silver is still 244,000.
the trends are still strongly down for gold,
silver, XAU, GDX, HUI, SIL and everything
else. there is no support anywhere.
i don’t trust the cot report with the amazing
low gold commercial short position. we got
fooled when silver went under 3,000.
i have a small loss, but am staying in.
SOMETHING IS HORRIBLY WRONG, but
we don’t know what it is. yes, we all
feel this is the Final Capitulation, and it
most probably is. i feel the Big Banks
are going to take prices lower, dump their
shorts, and go long. how low? who knows?
$12 silver could be possible. all this should
happen this fall in the next three months.
reality always wins in the end. manipulations
always end exactly the opposite of what they
were intended to accomplish.
this 7.5 years of misery and disappointment
have separated the men from the boys.
best,
roger