This page has been archived and commenting is disabled.
Crowded Trade 2.0: Specs Have Never Been More Short Gold Or The Euro
The Long US Dollar, Short US Treasuries trades were the 'most crowded' earlier this year and while both have derisked modestly from record highs, this week saw the net speculative position in EURUSD futures surge more negative and has never been shorter. Along similar 'strong dollar' lines, as Bloomberg reports, net long positions in Gold have dropped to their lowest since Dec 2013 and outright Gold short positions rose for the seventh week in a row to the highest since data began in 2006.
Specs have never been more short The Euro against the US Dollar...
And gold shorts have never been higher...
So everyone on one side of the Strong Dollar boat... apart from The Fed...
Charts: Bloomberg
»
- 23438 reads
- Printer-friendly version
- Send to friend
- advertisements -
LOL!!! The absence of price discovery aside, I think I will just stand over ...........here.
Short Paper Gold!!! Buy physical silver and gold!!
RIPS
Short Paper Gold!!! Buy physical silver and gold!!
I'm with you Deathrips...keep on stackin...
Since March, the ECB replaced the Bank of Japan, shorting paper gold and devaluing the Euro.
it sure would be nice if we knew the spec-short gold positions (and other currency defensive holds) held by central banks, and their lackeys. i guess we'll just have to settle for guesstimates somewhere between a LOT and a GINORMOUS amount.
I'm just waiting for the physical supply to run out. Especially silver, they were supposed to run out of that a long time ago.
they are waiting for your momma's silverware... the hock shops are still raking it in from the thieves (usually family members)
I've noticed the delivery times on 100 oz. bars have been slowly increasing over the past year. Delivery to me last week took more than a month.
Duplicate.
Fuck You YellenBernanke!!!
RIPS
Fuck that monster indeed!
börk! i rather would *not*
Hard to anticipate how long this shitfest will continue for but a few months from now it will probably be:
"We short-squeezed some folks."
Like proper sociopaths they'll justify it to themselves as "the folks were on the wrong side of that trade, and we know better than them."
It's downright fuedal.
Yeah. Boats have a way of capsizing when everone moves to one end...
No shit, one of these days someone is going to pay attention to what the man behind the curtain has been doing.
Still buying here.........
Dorothy should have had a grenade.
or a C4 and bacon suicide vest
Dorothy should have had a grenade.
Grenade is too quick. Kabar.
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.nettrader2.com
Sucking cocks for a living is not a good way to go about life, son.
Sucking cocks for a living is not a good way to go about life, son.
When the entity that is short has a printing machine that never runs out of ink it kind of puts the kabash on any potential short squeeze.
stateside
Indeed it does, which is why looking/waiting/hoping, etc., for an 'event' within the confines of U.S./London strangleholds that is miraculously going to make right what has been made wrong, is a fool's wish. Foreign policy is what will precipitate the comeuppance.
cool...more physical Gold and Silver for the learned...
its is incredible to me that 8 years into this MoneyChanger driven shit show i can still convert worthless green pieces of debt for that which has been money for 5000 years at paper prices still BELOW 2007...this while the entire global financial system is immersed in debt that can never be paid...
DEATH TO THE MONEYCHANGERS...
cool...more physical Gold and Silver for the learned...
load up on the silver and gold at these below production cost prices before the ponzi fiat currencies collapse...
WORD!
Shorts making nice profits.
Stackers don't care how big their losses become.
I lost mine in a terrible boating accident.
I bet you still think that buying gold and silver is about trying to make a profit. And that is why you will always be part of the problem. Keep your paper.
Paper is on it's way out. You're gonna have to barter or sell your PM's for electronic digits, at which point you'll be taxed at whatever rate the next set of politicians decide. If they are redistribution leftists, you can expect 90% capital gains tax.
yes...yes....
MUST FEAR "THE MAN."
not even man...
defeatist mentality is rare amongst us...
I see a lot of comments from folks here that I would classify as self-loathing. If that's not defeatist what is?
"If they are redistribution leftists, you can expect 90% capital gains tax."
Yeah, I'm sure the IRS will have to run three shifts a day to keep up with the flood of bullion holders rushing to pay their 90% capital gains tax...LOL...
I love weak people like you. You really don't understand how the real world works. You might want to stop reading the Blaze and listening to Glenn Beck.
By the way you and the people that think your way wil be left behind.
I'm simply logical and don't live in delusion like most folk. Just so know where I'm coming from, I probably own more physical PM's than 99% of the schmucks here. What I get a laugh from is the hypocricy of many PM holders here who are anti capitalist statists when it comes to their gov, but capitalists when it comes to their own PM's.
Not that I give a fuck, but why own more PM's than anybody here (dumbass comment) if you know it's all going to get stolen by .gov?
Why not buy stocks and at least enjoy the interim, including tax rates much lower than 90%?
Cuz, you don't make no sense.
You can look like a fool before or after the bubble pops. Some of chose the former; some will choose the later.
Stackers don't care how big their phony paper losses become...only about how many ounces they can accumulate while the dollar's remaining 2% PURCHASING POWER is destroyed.
fixed.
Hopefully they'll care about how much they will be taxed when they go to sell their PM's and won't support blame-the-rich leftists. Probably not, sheeple are their own worst enemy.
who said anything about Selling????
not in my big picture.......
and anyway, how u now my dealer would comply anyways....he aint now...
absent from your crystal ball is one of the primary reasons Silver stackers NOT INVESTORS accumulate REAL MONEY in the first place - anonymity....
outside the system.......
Because there will soon be full electronic currency, he will be forced to comply, that's why you'll end up having to barter it, which means it will then become an underground economy to avoid taxation. So the real problem will be whether your next gov lets you keep your capital and profits.
is that u Nostradamus????
It's Reasoning and Logic.
It is rationalization. What is rationalization? A rational, logical argument that is completely valid... except it ignores some [very] relevant facts/inputs, and therefore generates wrong conclusions.
Your reasoning process is not faulty, you are simply naive (unaware of certain facts), or you are disingenuous (purposely ignoring relevant facts).
You obviously haven't thought this issue through! Do you understand that people who remain in the system have huge incentives to be intermediaries with PM holders? They buy with fiat the stuff their PM friends want, then exchange the goods for PM which they hold and hide. Then they deduct these expenditures to radically cut their taxes (lower or eliminate their profits), and everyone wins.
The more extreme the predators-that-be become, the more people realize they are blatantly ethical and moral to evade the system. The only loser in these scenarios are predators, which is the way life should work.
eloquent dileneation...
i dont think he has ever heard of Black Markets or resistance...
Don't confuse what you're doing which is personal wealth preservation which is selfish, to resistance which is organized and selfless.
You also never carefully considered what "selfish" and "selfless" mean, much less their significance and consequences.
The fallacy here is that you think I will exchange my PMs for fiat or New Fiat. Taxes apply on conversion to fiat. I will be doing direct trades for other assets.
exactly!!!!!
THANKS U.
You can't get around what your gov decides is currency. It could be EBT credits fo all you know. So you'll have to barter with like minded folks for the rest of your life just to avoid your gov. and their laws. You still don't see where your problem lies, do you?
That works great. Before I got the hell outta dodge and moved to the southern hemisphere I ran an experiment for about a year to see what percentage of my "spending" could be switched over to gold or silver.
It took several months to find willing traders, but by the time I moved, well over 95% of my expenses were paid in PMs. This will become easier and more common as time passes. Also, savings are substantial, and only grow over time.
Bartering is nice especially when you already own assets that you can barter with. But lets say you're starting out and want to open a small business to make some money. You probably won't be doing under the counter pm trades. You can't spend your life avoiding the gov. and breaking the law. That's the life of a sheep, better to fight for your right to keep your hard earned capital away from the hands of the statists in control of gov.
I am bordered by states that PM's are being used in as legal currency without Tax implications. Your taxation contention is already being eliminated. Expect that to gain popularity. My own state has pending legislation to do the same. You need to catch up with reality. Laws will continue to evolve in this arena. Especially as the Feds lose power as their paper loses its legitimacy. If the Feds insist on a 1776 taxation scenario it will get real ugly.
Your thinking is to tied to the present system perpetuating itself...it can't its already at High Brown Toast.
Sheesh! You never noticed the difference between "cash businesses" and "regular businesses"?
Any business that receives 10% to 20% or more of their revenues in cash can avoid taxation. So if you're starting out, pick the right kind of biz to run. And above all, do NOT start a new biz in the USSA or other western "nation". To do so is just stupid.
Nobody in their right mind SELLs precious metals. They exchange their PMs for real physical goods when they need something. No taxation involved if you're not a stupid sheeple. To be sure, most humans are stupid sheeple, but the percentage is substantially lower for PM holders.
Hey, at least the stakers will be able to make cheap silver hats instead of using tin foil...
How are silver shorts looking?
Silver down over 50% from the $40 high, or just 50% if you want to decide that $35 was somewhere about the practical high. Seems to me that the longs are in need of resussitation.
Seems to me like some wiser investors no longer accept a promise for silver in the future. hence the record silver (physical) sales and lower paper price.
Silver is up over 150% since 2000 from the 4.95 low.if you want to decide $5.00 was somewhere about the practical low. Seems to me that the shorts are in need of resussitation
Indeed. Silver is an industrial commodity. History is very clear just how fast "low prices" become "shortages", especially once your government and economy has been taken over by corrupt central planners.
Yes, it would appear humans never learn.
You're not a very good PM troll and an even worse Putin troll.
Do you do anything well?
Your boyfriend tells me no.
So... you are suggesting that buying silver at a low price is a bad idea? Is it better to buy high and sell low in your world?
Depends on who's wearing them.
short gold when Comex opens then get massively long near the close...rinse, repeat
it's fugly and unpopular, but gold could be headed for a huge drop according to this monthly
http://bullandbearmash.com/chart/spot-gold-monthly-continues-stall-usd-c...
USD strength is the driver
Agree, plenty more to drop...another 200-400$
" Gold short positions rose for the seventh week in a row to the highest since data began in 2006"
Would someone who understands the futures market please tell me how short positions can "rise" when for every contract issued there is a short and a long. It's a balanced equation.
What am I missing?
(not rhetorical)
They're only showing one side of the trade. Not showing "NET", just the shorts. One could also make the case that the longs have never been higher in that case. OR.... it is only showing one class of trader ie speculators- but that doesn't seem to be the case (hard to tell without proper labels). Outside of that :dunno:
The other "investor" is the bullion banks and producers, known as the Commercials.
Right. So we are at record longs as well. And the distinction is WHO is long and WHO is short. And as noted, Commercials, specs, etc. It's about knowing who is right more often than not. And there is a track record that reflects that.
BUT! Look at that oscillation over the past few years. That is more the story if you ask me. I think later today I will super impose this chart over spot price action and see what that looks like.
"Commercials" for gold? Like Goldman Slachs who is buying from muppets who they reco short sell down to their 1000 target?
Enjoy: http://www.barchart.com/chart.php?sym=gcM15&style=technical&template=&p=...
He is specifically showing managed money shorts.
http://winteractionables.com/?p=19594
Thank you!
Pakled, it is a balanced equation. The "SPECULATORS" have their highest short position. The other side of that trade is the commercial bullion banks who now have their highest long position, to balance out the spec shorts.
This is wildly bullish for gold because: the commercials control the market, the commercials control the price, the commercials always win. If that's true, the spec's are going to be taken to the woodshed AGAIN and the commercials are going to win AGAIN as the commercial banks take gold higher from here and make money on their new longs.
Icarus
Shorts can always become shorter... there are no limits anymore.
Don't tell that to Miley Cyrus.
Whatever happened to "Don't fight the FED"? Guess it only applies to retail muppets.
Short squeeze on the horizon.
< YES
< NO
Price of gold could rise with a rising dollar
Keep selling gold, not going anywhere until it capitulates, $1050-1100 coming, ZH is full of desperate goldbugs that need to be squeezed by
That's an awful lot of hedges right there...
/s
The gold shorters and either going to disapear or take a real beating. I think the fix is in and that 1/4 point that Yellen has been putting off will be the real kicker.
Old gold is hanging at the 1350 mark (and upwards the better the coin is).. BUY OLD GOLD (FRANK DODD part 2 2008)
I stacked once. Quite a bit. ALL physical metal, NO paper. But I sure do care how big my "phony paper"losses are. When the only way you have left to even live is to sell the metal you once stacked with such hope, you care about the "phony paper losses."
When you have to go and sell an ounce or two or three or twenty to pay a loved one's nursing home bill, or to pay your own rent and utility bills, or to keep your car going, the coin shop dude will care about the paper price, and you will too.
Of course if you did all your stacking before 2000 or whenever (when some of us were busy making other preparations, and couldn't see much future in PMs then), and if you have a more than adequate income now from some other source, I guess you don't care about the "phony paper" price that applied in the market.
You know how in DUNE they had the "House Atomics"?
The earth version is the "House Bullion".
It's there in case all Hell breaks out.
And the paper market is kaput.
And you want to buy a loaf of bread
And you give the baker something tangible.
Or at some point the baker will take a mercury dime.
Because a mercury dime has pretty much always had the purchasing power to buy a loaf of bread.
All commodities are down which makes a mockery of the supposed 'recovery'. The USD will continue to levitate until no one can afford to buy it....then it will fall like all things that rise. The big question is: how quickly will the USD lose its reserve currency status? Clearly there are major efforts afoot to change the world order - AIIB, direct trade in local currency between many EM, BRIC countries, etc. On the other hand we are seeing massive deflation and currency devaulation as a result of the super strong USD. Something has to give as the global trade system is being torn apart. My guess is that the USD will be pushed lower either by slowing economic activity in the US or simply by the fact that no one can afford to buy the damn thing. Euros are cheaper and very liquid. With all the QE/ZIRP going on gold should be at $3000 imho. How long can they keep all the balls in the air? Personally, I keep my balls under cover. Much safer that way.
My contrarian sense is tingling...So Long EUR/USD and Long Gold?
The Banksters will run up the price and clean out the shorts like they always do.....what happens after that will be interesting maybe the phys shortages are finally going to get us a sustained rally.