Gold Commitment of traders

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Saturday, September 05, 2009

Gold Commitment of traders

This graphically shows the enormous number of short contracts being held by "Commercial Accounts". Its literally blatantly obvious someone (Commercial Bankers?) is trying to hold Gold down by shorting massive amounts of gold futures contracts.

My experience has been that this rarely works and backfires into a short squeeze, the sheer enormity of these short contracts could cause an explosion if they fail. The only way to get out of short positions is to buy. Many theorize that JP Morgan is the main culprit in this effort to suppress the price of gold.

Copy and paste the link below

http://futures.tradingcharts.com/cotcharts/GD
JMC

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