Socio-Economics History Blog

Socio-Economics History Blog

GotGoldReport: Bullion Banks Flipped from Net Short to Net Long by 29,622 Contracts!

by mosesman
Source: CFTC for US Banks data, Cash Market for monthly gold, GGR. Please note: This graph charts the net short position of U.S. banks in the futures-only report. A negative number is actually a net long position for the banks. *The CFTC does not say how many U.S. banks are reporting when the number falls below 4.
Source: CFTC for US Banks data, Cash Market for monthly gold, GGR. Please note: This graph charts the net short position of U.S. banks in the futures-only report. A negative number is actually a net long position for the banks. *The CFTC does not say how many U.S. banks are reporting when the number falls below 4.
  • This is an extremely significant report! The bullion banksters have cleared their short positions and are now net long! As I have stated many times, once the bullion banksters have accumulated all the physical gold they want by manipulating the price lower, they will allow the price to explode upwards! This is a sign that the rocket to the moon upwards for gold and silver prices are close at hand!
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  • U.S. Banks Report Net Long Gold Position! 
    by http://www.gotgoldreport.com/ 
    In the June 7 CFTC Monthly Bank Participation Report category for U.S. Banks please note an interesting and some might think stunning change.  Recall last month that (less than four) U.S. banks reported being 16,781 contracts net short gold futures.  As of June 4, (still less than four*) U.S. banks reported a NET LONG position of 29,622 contracts. 
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    So as gold fell from $1452 on May 7 to $1399 on June 4, call it $53 or 3.7%, the U.S. banks flipped from net short to net long by a total difference of 46,403 lots, from 16,781 contracts net short to 29,622 contracts net long.   That is certainly interesting and we just about have to put that on the bullish side of the COT ledger, do we not?   Here is what it looks like in chart form. (top of post)

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