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The Commitment of Traders Report

Silver

*The large specs increased their long positions by 2,452 contracts and increased their shorts by 12,346 contracts.

*The commercials increased their longs by 1,657 contracts and reduced their shorts by 10,701 contracts.

*The small specs increased their longs by 9 contracts and increased their shorts by 2,473 contracts.

The commercial net short position has fallen to 34,000 contracts.

Gold

*The large specs reduced their long positions by 21,113 contracts and increased their shorts by 4,269 contracts.

*The commercials reduced their longs by 21,687 contracts and reduced their shorts by 54,891 contracts.

*The small specs reduced their longs by 14,224 contracts and decreased their shorts by 6,402 contracts.

The commercials net short position has fallen to 118,000 contracts.

Good to see the specs in both gold and silver getting out and the prices holding recent lows. The reduction of small specs in gold is the largest in memory. The change in silver is a bit baffling because its OI has kept going up. Perhaps the comment here yesterday that some of the trading in silver, especially outside of the Comex, has been peculiar means something.

One other thought … the buying of the gold/silver dips, while capping all rallies appears to be an inducement to attract more spec selling.

FYI

I like that analogy, and think you are right.  When it happens, it could well be very quick.  I grew up with the Berlin wall and thought of it as a permanent part of life, and then, all of a sudden, it wasn’t.

WASHINGTON (Reuters) – The United States is expected to designate Iran’s elite Revolutionary Guards Corps a foreign terrorist organization, three U.S. officials told Reuters, marking the first time Washington has formally labeled another country’s military a terrorist group.

https://www.reuters.com/article/us-usa-iran/u-s-to-designate-elite-iranian-force-as-terrorist-organization-idUSKCN1RH2I4

https://www.zerohedge.com/news/2019-04-05/bank-japan-bought-57-trillion-stocks-last-year

Imagine what the numbers for the scum are !!!!!!!

Aye, Mr. Copper, but it was the politicians who pressed the buttons that sent our manufacturing overseas…without those traitors we wouldn’t be in this mess.

Totally agree that the bankers are running the show…evil sits in the cat bird seat.

Mongolia lawmakers seek to rewrite Oyu Tolgoi deal

ULAANBAATAR – A group of Mongolian legislators has recommended one of the agreements underpinning Rio Tinto’s Oyu Tolgoi copper mine should be scrapped and another changed, adding to the giant project’s political problems.

The Gobi desert copper deposit promises to become one of Rio Tinto’s most lucrative properties, but it has been subject to repeated challenges from politicians who argue the spoils of the country’s mining boom are not being evenly shared.

It has also been at the centre of an anti-corruption investigation that has seen the arrest of two former prime ministers and a former finance minister.

Mongolia lawmakers seek to rewrite Oyu Tolgoi deal

https://cftc.gov/dea/futures/deacmxlf.htm

Explains the trashing last week though, as far as stabilizing? Can’t bet on this info..

is the PEOPLE are not Stupid,The FED is exposed behind the curtain. The Wall st riggers cant fool the Chartists ,there are too many good ones about.So  they try to create non sensical non logical moves riggings .That why if you know your stuff stick to it and let them throw phony shit against the wall to try to confuse you .Buy Right ,Sit tight..let them knock themselves out like idiots.It costs them money every phony move they make….

re yr 11.12 Biden….glad i have had breakfast….lol.

“Timing”

I think we all are amazed at how long the RIG has lasted. A real Death Struggle that few know about.

Yep it’s no good to be rich if the world is burning … if you can’t go grocery shopping without being accosted by 30 beggars outside the doors and muggers in the parking lot!

The Centers for Disease Control (CDC) report minor side effects from the MMR-V and MMR vaccines to include low-grade fever, injection site redness or rash, pain at the injection site, and facial swelling. Moderate side effects include a full body rash, temporary low platelet count, temporary stiffness and pain the joints and seizures, and seizures. 1 2 MMR-V, however, has been noted to have a higher risk of seizures than separate administrations of MMR and varicella vaccines, especially when given as the first dose of the series.3   Rare serious side effects of both MMR-V and MMR include brain damage, coma, chronic seizure disorder, lowered level of consciousness and loss of hearing.4 5

Serious complications reported by Merck in the ProQuad(MMR-V) product insert during vaccine post-marketing surveillance include6:

• measles; [number one side effect]
• atypical measles;
• vaccine strain varicella;
• varicella-like rash;
• herpes zoster;
• herpes simplex;
• pneumonia and respiratory infection;
• pneumonitis;
• bronchitis;
• epididymitis;
• cellulitis;
• skin infection;
• subacute sclerosing panencephalitis;
• aseptic meningitis;
• thrombocytopenia;
• aplastic anemia (anemia due to the bone marrow’s inability to produce platelets, red and white blood cells);
• lymphadenitis (inflammation of the lymph nodes);
• anaphylaxis including related symptoms of peripheral, angioneurotic and facial emema;
• agitation;
• ocular palsies;
• necrotizing retinitis (inflammation of the eye);
• nerve deafness;
• optic and retrobulbar neuritis (inflammation of the optic nerve);
• Bell’s palsy (sudden but temporary weakness of one half of the face);
• cerebrovascular accident (stroke);
• acute disseminated encephalomyelitis;
• measles inclusion body encephalitis;
• transverse myelitis;
• encephalopathy;
• Guillain-Barré syndrome;
• syncope (fainting);
• tremor;
• dizziness;
• paraesthesia;
• febrile seizure;
• afebrile seizures or convulsions;
• polyneuropathy (dysfunction of numerous peripheral nerves of the body);
• Stevens-Johnson syndrome;
• Henoch-Schönlein purpura;
• acute hemorrhagic edema of infancy;
• erythema multiforme;
• panniculitis;
• arthritis;
• death

But now you’ve really done it!

Hook is going to accuse me of having the brains of a goldfish, and tell me us goldbugs are our own worst enemies.

Never mind the relentless 24/7 manipulation of the sector by the banks

How long have we known each other? Since 2003? At least you were smart enough to rid yourself of these pm shares back in 2006 if I remember correctly? Near the 500-600 HUI top?

As for me, I’ve never been as smart as you and regret not doing the same. As for getting old? If I knew it would be this hard I would have never   done it! 🙂

First of all, when u get a lucky one day gift=usually take it…I only carried those calls overnight because of the crucial jobs report..as for gold, it looks like a day of tedium…Oh, well, I’ll just have to book this $9200 one day profit…and live to fight another day. P.S.–had I bought JNUG shares, I would hold and set a 9 buck mental stop…note that gold is up 2 bucks as I write and JNUG and NUGT are red…we know this action all too well…”Don’t cry for me Argentina”.

Filled Sell to Close 250 JNUG Apr 12 2019 9.5 Call Limit 0.56–04/05/19–09:31:47–04/05/19

Yields, Dollar Slide As Trump Calls For QE4

“I personally think the Fed should drop rates, I think they really slowed us down, there’s no inflation, in terms of quantitative tightening, it should really be quantitative easing..

.Why Trump Wants The Fed To Pump Even More Easy Money

“This is all a very haphazard process, however, and the Fed has made it clear by now that it’s in over its head…Trump’s argument itself shows how weak the economy really is.”

Roger, thanks for the comeback, I pretty much agree. The only thing I see different, re your…..

“Foreigners didn’t take away our manufacturing, it was freely given to them by our politicians. ”

Because of my life long occupation, my mind works differently than a normal mind. The USA mostly does not have very much domestic representation. Imo our politicians represent foreigners. And think about who controls the politicians.?

Big business and global bankers. The politicians have nothing at all to do with interest rates and foreign currency exchange rates. Whoever controls the money, controls the country. So in reality, the USA does not have a government of its own.

We have someone else’s. We have a foreign gov’t. The local ones just work on little things and react and work around what is handed to them. No  gov’t would do to its own people what this one did. After the Federal Reserve act of 1913.

One example, before WW II one dollar was about equal to one Yen. So the real gov’t overnight after the war was over, made one US Dollar equal to 360 Yen. Which in a sense, put a 360% tariff on our exports, and a 360% DISCOUNT of foreign imports, so as to move US Consumer dollars overseas to rebuild all the destruction.

The wonders of phony money. Affordability to destroy infrastructure globally, and then fake affordability to rebuild it. 🙂

“Before 1971 the foreigners absorbed half our gold reserves. After 1971 (they can’t lose) they took away all our manufacturing. Cars consumer electronics, machinery, textiles, toys can openers, you name it they took it with the help of innocent Americans that could not resist a high quality product that was allegedly “cheaper” but only mathematically cheaper.”

Foreigners didn’t take away our manufacturing, it was freely given to them by our politicians.  And Americans allowed it to happen without taking to the streets.  Now again a crisis of epic proportions at our southern border and what do you find Americans doing?  Ranting, raving and waiting for the next guy to do it.

The only good that will come out of this is financial ruin of the current toxic system and the fact that us goldbugs will survive better than most because the precious metals will finally find their rightful niche.  May we all live long enough to see it happen.

Its way too late. The American people lost everything when they started being spoon fed and  gleefully started buying Toyotas and SONY Tv sets back after 1971. After the gold cut off from US Dopey/Dollar or Traitor/Dollar.

Before 1971 the foreigners absorbed half our gold reserves. After 1971 (they can’t lose) they took away all our manufacturing. Cars consumer electronics, machinery, textiles, toys can openers, you name it they took it with the help of innocent Americans that could not resist a high quality product that was allegedly “cheaper” but only mathematically cheaper.

I said decades ago, the USA has been being used as a carcass for foreign use and consumption. Its been a global free for all. Everybody globally (and domestically) just does what they please. For their own personal good. Not thinking about the future. We are now it the future. Bon apatite. 🙂

i think you may be right, once the rig begins to lose its grip, the crumbling will compound itself, and the collapse may  be fairly abrupt – weeks, not months.

a couple questions –

1.  timing?  i see no basis for forecasting when it might happen.  i gave up on that a while ago.
2. collateral damage?  events do not happen in a vacuum.  how much other chaos/disorder will accompany the collapse of the rig?                                                                                                               2-a.  will the collapse of the rig be the trigger for other events, or vice versa?                                                                                                             we live in interesting times.

🙂

While the public is being misdirected by yet another useless-to-the-American-public rant, meanwhile one of the most important issues of the day is being ignored:

https://market-ticker.org/akcs-www?post=235472

May asks for Brexit extension to June 30; EU could offer a year

https://www.reuters.com/article/uk-britain-eu/may-asks-for-brexit-extension-to-june-30-eu-could-offer-a-year-idUSKCN1RH0NF

Me too!!!