something brewing with cot figures

via:
Ed Steer of Casey Research being quoted by Richard Daughty (the Mogambo bit doesn't do it for me but he knows his stuff)

http://www.safehaven.com/article-13792.htm

"The Commercial [bullion bank] net short position in gold is now at a staggering 22.5 million ounces...almost at record levels."

And in silver, the situation is about the same, as "bullion banks continue to add to their short positions", and the "bullion banks added a whopping 3,976 contracts to their net short position. As of Tuesday's cut-off, the net short position in silver was 46,950 contracts...that's 234,750,000 ounces."

This is certainly getting my attention! Then he says that his opinion is that "the bullion banks will, as they have in the past, most likely use their gargantuan gold short position to beat the living crap out of the silver price once again"

he is discussing an opportunity to buy silver - am not sure what the COT figures mean for gold - will have to check this out!