MarketWatch.com - Pre-Market Indications

Wednesday, April 16, 2008

Gold and silver manipulation

On the surface, there was nothing particularly remarkable in the latest Commitment of Traders Report (COT). For positions held, as of the close of business April 8, there was little change in the total net commercial short position in either COMEX silver or gold futures from the week before. Basically, the commercials, as a group, have bought back around 14,000 net contracts in silver (70 million ounces) and 50,000 contracts in gold (5 million ounces), on the engineered sell-off over the past few weeks.


-readers of my blog will remember previous posts while the precious metal markets were selling off(manipulated) recently. i warned this is an engineered sell off and to sit tight and stay long. the long term technical trend is up, the fundamentals are excellent etc etc.
previous posts on 3-24-08
http://st0ckman.blogspot.com/2008/03/stay-long-stay-gold-outsiders_24.html


excellent full article here:
Super Concentration - SilverSeek.com

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