The Commitment of Traders Looks Bullish for Gold and Silver ...

The charts above show the price of gold and silver going back to 1989. They also show the commitment of traders in both markets at the bottom of the charts. The green line represents speculators in the markets like big money and hedge funds. The blue line represents small speculators. The red line represents ?commercials,? which are almost always net short sellers. The commercials in the futures markets are of course mining companies that take out contracts to sell a certain amount of gold and silver into the future. But most importantly, where the manipulation of the gold and silver markets comes in is also by the biggest commercial participants, namely the bullion banks, most significant of which, is the governments proxy in this fascist economic environment, J.P. Morgan Chase.

Ted Butler who was on my radio show a few weeks ago said that he is more bullish with respect to silver than he has been in many, many years simply because the commitment of traders have shown that the ?bad guys? (those suppressing the price of gold to keep the dollar con game going) now have the smallest short position in many years. The manipulation of the gold price as detailed by the Gold Anti Action Committee (go to www.gata.org) is well documented. What I believe these charts are showing us is that the forces that live parasitically from the creation of fraudulent fiat money used to play these futures markets on the short side and thus rob the real creators of wealth, have now largely ?shot their wad.?

At some point in time, perhaps when the credit markets implode or explode, there will be a massive rush through the gates to buy gold even by those who have been so successful in using money created out of nothing to suppress gold in the futures markets. Charles Nenner doesn?t try to understand why markets change. He simply looks at cycles and applies logarithms and other technical tools to figure out when to buy and sell markets. Charles is getting very close to going long on gold and silver now. I do not think his buy and the commitment of traders position shown above is an accident.

Source: http://jaytaylormedia.com/the-commitment-of-traders-looks-bullish-for-gold-and-silver/

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