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<p>[QUOTE=&quot;doug444, post: 1625867, member: 38849&quot;]This is about 90 days ago.&nbsp; The numbers may be disputed or massaged, but the trend is there for everyone to see.</p><p><br /></p><p>&quot;...In my daily conversation with Ted Butler, he broke the numbers down even&nbsp; further.&nbsp; &#039;4 or less&#039; bullion banks are short 63,383 Comex silver&nbsp; contracts... which is 97.6% of the entire net short position of 65,426&nbsp; contracts.&nbsp; &#039;8 or less&#039; traders are short 76,168 Comex silver contracts,&nbsp; which represents a stunning 116% of this same short position.&nbsp; <b>And&nbsp; the most grotesque number of all [when you take out all the&nbsp; market-neutral spread trades] is that JPMorgan, all by itself, is short&nbsp; about 40% of the entire Comex silver market!!!</b>&nbsp; The full-colour COT graph for silver is linked <a href="http://futures.tradingcharts.com/cotcharts/SI" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://futures.tradingcharts.com/cotcharts/SI" rel="nofollow">here</a>.&quot;</p><p><br /></p><p>See <a href="http://www.caseyresearch.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.caseyresearch.com" rel="nofollow">www.caseyresearch.com</a> for current readings and estimates.&nbsp; If futures break out big-time, several big U.S. banks (not foreign central banks) are at risk of insolvency.&nbsp; All this has little or nothing to do with the gold market or the POG, which has a different mindset.[/QUOTE]</p><p><br /></p>

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