Seth.
I read the COTS report when it comes out and youre right about the GOLD thread. There are just permanent Tolls on that whole blog which HC seems to allow for some reason.
I think the COTS report is easier to read if you just view the figures.
From the latest report it is easy to see that the Processors, Producers, Merchants are far shorter than the managed money. The swap dealers are the next biggest shorts.
If you have a look at the Bank Participation report from the CFTC it is obvious the US banks are shorter than the rest of the worlds banks.
5 US banks short 75,406 contracts for 5,540,600 troy ounces.
Rest of the worlds 28 banks short 83,178 contracts for 8,317,800 troy ounces.
Seth. I read the COTS report when it comes out and youre right...
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