Second Highest Weekly Short Covering Spree In Euro Contracts Follows Drop In Commercial Gold Shorts

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Fri, 07/09/2010 - 17:07 | 461242 Oracle of Kypseli
Oracle of Kypseli's picture

If you hold physical it does not matter. The upward trend is intact.

Fri, 07/09/2010 - 17:11 | 461247 buzlightening
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Fri, 07/09/2010 - 17:21 | 461258 Translational Lift
Translational Lift's picture

+1000....... It's time we took back control from the gangsters/banksters/political traitors in DC........

Fri, 07/09/2010 - 17:53 | 461309 OutLookingIn
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 The message is powerful. But who to carry it's power forward?

Fundamentalist Christianism? This would substitute one overlord for another. How about the people. Plain and simple - the people with their own voices. They do not need interpretation through politicians, self professed righteous zealots or leaders of opportunity. The people will decide who they wish to give them voice. The masses are slow to move, but once moving there is no power on earth to stop the momentum. Be wise indeed!

Fri, 07/09/2010 - 18:48 | 461387 Carl Marks
Carl Marks's picture

We tried a magic negro. Maybe a gay or lesbian?

Fri, 07/09/2010 - 20:02 | 461502 scratch_and_sniff
scratch_and_sniff's picture

You tried jack shit.

Sat, 07/10/2010 - 00:37 | 461815 strannick
strannick's picture

Leave it to Carl Marks to thwart the call to the masses. Hilarious.

Fri, 07/09/2010 - 19:12 | 461429 OdinsBeard
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Unfortunately, you are unaware of what "fundamentalist" christianity actually would be (by the very definition) - does "love thy neighbour as thyself" sound like setting up an overlord over others?  Not stealing, lying, murdering etc?  Wouldn't you rather be surrounded by those that actually cared than by a bunch of coyotes (or pirhanas)?

Not that the religious fruitloops haven't destroyed any credibility of chrisitianity these days, so you can be excused for your view!

Fri, 07/09/2010 - 23:41 | 461778 fiftybagger
fiftybagger's picture

The Christians who founded this nation sought to escape the tyranny of a national church.  True Christians do not seek to force people to do anything, as God does not either, you are free to choose heaven or hell. 

Fri, 07/09/2010 - 18:42 | 461348 Arius
Arius's picture

great song thanks for sharing....i replyed it 5 times...

someone got to send it to Glenn Beck...he should play it at the beggining and end of each show (even if it is for few seconds...i am america...)

thats what I like about Zero got Tyler and the crew the best of course and always on top of things, but also, there are some really smart people participating here (just to show my bias...CD tops my list)....sorry, i am not your level to contribute but really enjoy keeping up with what is going in these really "interesting times" as the chinese proverb goes...

Fri, 07/09/2010 - 17:24 | 461264 Yikes
Yikes's picture

"End users selling their holdings".  Is there any way to determine if this paper or physical gold holdings? I take it he doesn't mean there was a short squeeze on gold with the price going down.

Fri, 07/09/2010 - 17:25 | 461266 PicassoInActions
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Feds can't back out now, there is not other option till they fall dead or pump as much as they need.

Fri, 07/09/2010 - 17:33 | 461271 plocequ1
plocequ1's picture

The market = Who's on first, What's on second, I don't know is on third. Good luck Tyler trying to figure out the Market. You got your hands full.

Fri, 07/09/2010 - 17:52 | 461308 sheeple
Fri, 07/09/2010 - 17:54 | 461311 SilverIsKing
SilverIsKing's picture

That was a huge one day drop in commercial Gold shorts.  Commercial Silver shorts dropped a lot too but by a lesser degree.  Bodes well for PMs.

Fri, 07/09/2010 - 18:12 | 461327 thesapein
thesapein's picture

So the glass is less full, but it still looks like a very big glass.

Fri, 07/09/2010 - 18:13 | 461329 Spitzer
Spitzer's picture

Casey Research says the gold buying season is nowhere near over. They figure gold is going to be weak for a few more weeks.

Fri, 07/09/2010 - 18:27 | 461354 SilverIsKing
SilverIsKing's picture

Rome wasn't built in a day.  It'll take some more runs upward and slams back down for the banks to get the shorts down to manageable levels.  The physical shortages are coming and they need to position themselves as best they can.

Sat, 07/10/2010 - 08:42 | 461989 Treeplanter
Treeplanter's picture

The big shorts may go big long very fast.  They are sure to want to get in while the gettings good.  At some point keeping the Fed and Treasury happy are trumped by self interest.

Fri, 07/09/2010 - 19:30 | 461462 Arius
Arius's picture

yeah right....just when none expects it is just going to rush through....thats how big money moves...nonexpected

Fri, 07/09/2010 - 18:35 | 461368 undermind
undermind's picture

 record net euro short of -113.890 contracts seen May 11, 2010.

Fri, 07/09/2010 - 19:28 | 461458 Diogenes
Diogenes's picture

Since when does short covering cause a drop in price?

Fri, 07/09/2010 - 19:49 | 461488 duncecap rack
duncecap rack's picture

I was trying to figure that out too.

Fri, 07/09/2010 - 20:20 | 461529 paladin
paladin's picture

understand what people do..


they sell at the bottom and buy at the top.....LOL

Fri, 07/09/2010 - 21:20 | 461627 TooBearish
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Thanks so  much for your consistent and timely reporting Ty...makes ZH stand out head and shoulders above the fray on the net....

Thu, 08/19/2010 - 10:46 | 530274 herry
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