something brewing with cot figures, page-6

I think this guy is saying much the same writing last week:

"From almost the day of the recent price lows in gold and silver, as measured from the COT as of April 21 to the close of business May 19, the commercials have increased their total net short position in silver by more than 16,000 contracts (80 million ounces) and in gold by more than 33,000 contracts (3.3 million ounces). The reciprocal of this is that the non-commercials and non-reportable traders have increased their net long positions by those same amounts."

"No buying by the big longs, massive short selling by the big shorts. What does this mean? It means lots of smaller entities bought, while just a few giant traders sold a lot. Many bought, few sold."

"We are now at COT levels in silver and gold more negative than anytime since last summer. (Including the amount thought added in gold since the cut-off Tuesday). Please don’t interpret this as a suggestion to sell long-term positions."

-can't say I get my mind around this that well but it does seem the Fed banks are at it again with their patriotic duty to rig the PM markets.

http://news.silverseek.com/TedButler/1243360187.php