RE:RE:twiddle winksI apprciate your insight and effort. I agree with much of what you said. However, your BTW addition needs to be challenged.
BTW, the commercials are generally producers/traders selling forward, not necessarily 'bullion banks', and someone always takes the other side of a contract, long or short. When COT prices really get hit is when the longs liquidate their exposure.
Neither the longs nor commercials/traders selling forward would deploy a tactic of selling-dumping millions of ozs of paper gold or silver in a minute or so -- to drive the prices of the metals down... The bullion bank traders and shorters are the most probable culprits in that regard. heh heh
We've had to of those massive paper gold sales in the period that tomorrow's gold cot report will cover....
The cot report will speak for itself. What I'm looking for is a confirmation of my suspicion that the commercial bullion bankers have dramatically reduced their underwater short positions and thereby reduced their paper positioning losses on their underwater short positions by billions and of dollars....