Silver Stackers logo

Silver Stackers

Discussion forum for those
who love to stack precious metals

You are not logged in.

Announcement

Forum registration is temporarily disabled due to a spam attack.
  • Index
  • » Gold
  • » LEON's weekly COT report analysis

#1 2015-04-11 12:19:20

leon1998
Member
From: United States
Registered: 2014-11-26
Posts: 683
Trades :   

LEON's weekly COT report analysis

Latest weekly gold COT report showed Commercials have been increasing short contracts and reducing long contracts, both aggressively. My experience tells that Commercials are setting up a prolonged price slump for gold and silver.

It takes time for Commercials to build up their short positions. In the following weeks, gold will consolidate above 1200; which will serve two purposes: one is for Commercials to keep shorting gold at a good price; the other is to buy some time for bullion dealers to reduce their physical inventories before the price slump starts.

(All prices mentioned are in USD)

Last edited by leon1998 (2015-04-11 12:19:56)

Offline

#2 2015-04-11 14:49:39

Oldsoul
Member
From: Aghartha
Registered: 2014-06-11
Posts: 1,187
Trades :   

Re: LEON's weekly COT report analysis

leon1998 wrote:

Latest weekly gold COT report showed Commercials have been increasing short contracts and reducing long contracts, both aggressively. My experience tells that Commercials are setting up a prolonged price slump for gold and silver.

It takes time for Commercials to build up their short positions. In the following weeks, gold will consolidate above 1200; which will serve two purposes: one is for Commercials to keep shorting gold at a good price; the other is to buy some time for bullion dealers to reduce their physical inventories before the price slump starts.

(All prices mentioned are in USD)

96bc78d52bd878cbaa7b803039fd8e994319f0a23ead25233440f8bfe91d03f5.jpg
Source:


"I will show you fear in a handful of dust." t.s. eliot

Offline

The following 2 users say thank you for this post: Bigfella, No1joey

#3 2015-04-11 18:10:05

sterling-nz
Member
Registered: 2015-01-20
Posts: 1,168
Trades :   

Re: LEON's weekly COT report analysis

leon1998 wrote:

Latest weekly gold COT report showed Commercials have been increasing short contracts and reducing long contracts, both aggressively. My experience tells that Commercials are setting up a prolonged price slump for gold and silver.

It takes time for Commercials to build up their short positions. In the following weeks, gold will consolidate above 1200; which will serve two purposes: one is for Commercials to keep shorting gold at a good price; the other is to buy some time for bullion dealers to reduce their physical inventories before the price slump starts.

(All prices mentioned are in USD)

If they are hedged then a "price slump" means nothing, correct?
I am struggling to understand these contradictory posts.

Offline

#4 2015-04-11 18:16:00

Oldsoul
Member
From: Aghartha
Registered: 2014-06-11
Posts: 1,187
Trades :   

Re: LEON's weekly COT report analysis

sterling-nz wrote:
leon1998 wrote:

Latest weekly gold COT report showed Commercials have been increasing short contracts and reducing long contracts, both aggressively. My experience tells that Commercials are setting up a prolonged price slump for gold and silver.

It takes time for Commercials to build up their short positions. In the following weeks, gold will consolidate above 1200; which will serve two purposes: one is for Commercials to keep shorting gold at a good price; the other is to buy some time for bullion dealers to reduce their physical inventories before the price slump starts.

(All prices mentioned are in USD)

If they are hedged then a "price slump" means nothing, correct?
I am struggling to understand these contradictory posts.

Do you think he spammed the gold board with multiple threads within minutes because he cares about what he posts?

16340.png
Source:


"I will show you fear in a handful of dust." t.s. eliot

Offline

#5 2015-04-12 02:51:41

Davros10
Silver Stacker
From: Canberra
Registered: 2015-02-22
Posts: 150
Trades :   16 

Re: LEON's weekly COT report analysis

LEON, do you just post to check if Oldsoul is awake?


"Last night as I was sleeping, I dreamt-marvelous error!-
that I had a beehive here inside my heart.
And the golden bees were making white combs
and sweet honey from my old failures"         Antonio Machado

Offline

#6 2015-04-12 02:57:39

Oldsoul
Member
From: Aghartha
Registered: 2014-06-11
Posts: 1,187
Trades :   

Re: LEON's weekly COT report analysis

Davros10 wrote:

LEON, do you just post to check if Oldsoul is awake?

60880323.jpg
Source:


"I will show you fear in a handful of dust." t.s. eliot

Offline

#7 2015-04-19 09:52:41

leon1998
Member
From: United States
Registered: 2014-11-26
Posts: 683
Trades :   

Re: LEON's weekly COT report analysis

Past weekly COT report showed Large and Small speculators added some short position against gold. Since the report only included data before Tuesday, the rest of last week we immediately saw gold price popping above 1,200. It is very easy to understand the price movement. Commercials WANT to short gold; but they DON'T WANT anyone else to follow them.

The week after next will be the scheduled FOMC meeting. Commercials might knock the gold price down before the meeting; not giving any chance for Speculators to short the gold tongue

Offline

#8 2015-04-19 19:08:39

Oldsoul
Member
From: Aghartha
Registered: 2014-06-11
Posts: 1,187
Trades :   

Re: LEON's weekly COT report analysis

Indeed. Or Greece may default. Or a war break out.

One thing is certain. Some fool will be trying to guess the gold price based on nothing. Leon1998 is that fool.


"I will show you fear in a handful of dust." t.s. eliot

Offline

#9 2015-04-19 20:57:50

sterling-nz
Member
Registered: 2015-01-20
Posts: 1,168
Trades :   

Re: LEON's weekly COT report analysis

Oldsoul wrote:

Indeed. Or Greece may default. Or a war break out.

One thing is certain. Some fool will be trying to guess the gold price based on nothing. Leon1998 is that fool.

You're a hard old bugger.
Just from your written word , you remind of a fellow i did my fabrication apprenticeship with/for.
He was constantly taking the piss out of me if i have gave him a reason.
He was also the first one to offer ( may be even demand) that i come stay with him when my first marriage collapsed.

Last edited by sterling-nz (2015-04-19 20:58:21)

Offline

The following user says thank you for this post: Oldsoul

#10 2015-04-20 10:57:06

leon1998
Member
From: United States
Registered: 2014-11-26
Posts: 683
Trades :   

Re: LEON's weekly COT report analysis

WOW, what a smackdown on gold & silver price!

RIGHT ON THE FACES OF AN OLDFOOL tongue

Offline

The following user says thank you for this post: Oldsoul

#11 2015-04-20 18:37:21

Oldsoul
Member
From: Aghartha
Registered: 2014-06-11
Posts: 1,187
Trades :   

Re: LEON's weekly COT report analysis

sterling-nz wrote:
Oldsoul wrote:

Indeed. Or Greece may default. Or a war break out.

One thing is certain. Some fool will be trying to guess the gold price based on nothing. Leon1998 is that fool.

You're a hard old bugger.
Just from your written word , you remind of a fellow i did my fabrication apprenticeship with/for.
He was constantly taking the piss out of me if i have gave him a reason.
He was also the first one to offer ( may be even demand) that i come stay with him when my first marriage collapsed.


Now divorce is REAL economic doom. You have my sympathies there seen that destroy more men than war and disease combined..


"I will show you fear in a handful of dust." t.s. eliot

Offline

#12 2015-04-20 18:43:56

Oldsoul
Member
From: Aghartha
Registered: 2014-06-11
Posts: 1,187
Trades :   

Re: LEON's weekly COT report analysis

leon1998 wrote:

WOW, what a smackdown on gold & silver price!

RIGHT ON THE FACES OF AN OLDFOOL tongue


Meh. You want sit  being Cassandra in a dress for 6 months and when a price fluctuation happens you put on lipstick and want to be called darling?

I think you will find (qualified by describing price predicting as gonad rubbing) that seasonality looked like 1100 in June. Only a tit would sit there reposting dross though. It is and was just like this fluctuation of almost zero importance if you are holding long as part of a balanced portfolio. You don't have one do you?

As soon as you started posting five threads back to back with the same content I said to myself - arsehole.

And every time I see your drivel....I think the same.


"I will show you fear in a handful of dust." t.s. eliot

Offline

#13 2015-04-22 10:12:42

leon1998
Member
From: United States
Registered: 2014-11-26
Posts: 683
Trades :   

Re: LEON's weekly COT report analysis

Gold 1,190 usd  Silver 15.82 usd

SMACK DOWN AGAIN. What a face slapping, wow tongue

To add insult to injury, gold will hit 1,180 usd SOON.

Offline

#14 2015-04-22 10:23:32

leon1998
Member
From: United States
Registered: 2014-11-26
Posts: 683
Trades :   

Re: LEON's weekly COT report analysis

Gold 1,187 usd --- Silver 15.72 usd

tongue

Offline

#15 2015-04-22 20:10:53

Oldsoul
Member
From: Aghartha
Registered: 2014-06-11
Posts: 1,187
Trades :   

Re: LEON's weekly COT report analysis

leon1998 wrote:

Gold 1,187 usd --- Silver 15.72 usd

tongue

You are like a dull farting sound....could you take your stuck clock and ramble off please.
gold_6_month_o_x_EUR.png?0.3243199630237945
Source:

Last edited by Oldsoul (2015-04-22 20:56:58)


"I will show you fear in a handful of dust." t.s. eliot

Offline

The following user says thank you for this post: Ronnie 666

#16 2015-04-22 21:26:16

Ronnie 666
Silver Stacker
From: Australia
Registered: 2011-03-16
Posts: 2,389
Trades :   175 

Re: LEON's weekly COT report analysis

Yes and even in AU$ the graph looks nice unless you are looking through Leon spectacles

1302_gold_6_month_o_x_aud.png

Leon specs

1302_emu_specs.gif


"The Two Most Common Elements in the Universe Are Hydrogen and Stupidity" Frank Zappa

Offline

The following 2 users say thank you for this post: Kam, Oldsoul

#17 2015-04-22 22:21:13

sterling-nz
Member
Registered: 2015-01-20
Posts: 1,168
Trades :   

Re: LEON's weekly COT report analysis

14996_gold3.png
Source:

Fourth time the charm.
This is the one i like!

Last edited by sterling-nz (2015-04-22 22:31:15)

Offline

#18 2015-04-22 22:32:39

sterling-nz
Member
Registered: 2015-01-20
Posts: 1,168
Trades :   

Re: LEON's weekly COT report analysis

To have bought in early and sold at the top would have been fantastic.
The only way i can see to get these gains with out the years of waiting is PENNY STOCKS, lol.

Offline

#19 2015-04-22 22:37:37

Ronnie 666
Silver Stacker
From: Australia
Registered: 2011-03-16
Posts: 2,389
Trades :   175 

Re: LEON's weekly COT report analysis

Stirling this is not a speculation this is saving. That is where people go wrong in PM. If you buy and hold and save your spare cash in PM then over time you will preserve your wealth. This is not a get rich quick scheme. It is savings....


"The Two Most Common Elements in the Universe Are Hydrogen and Stupidity" Frank Zappa

Offline

The following user says thank you for this post: Holdfast

#20 2015-04-23 00:08:37

Holdfast
Member
From: Australia
Registered: 2009-10-15
Posts: 7,773
Trades :   

Re: LEON's weekly COT report analysis

sterling-nz wrote:

To have bought in early and sold at the top would have been fantastic.
The only way i can see to get these gains with out the years of waiting is PENNY STOCKS, lol.

Have fun with that! lol

I'd rather the Ronnie 666 method.  cool big_smile

Offline

The following user says thank you for this post: Ronnie 666

#21 2015-04-23 00:30:37

sterling-nz
Member
Registered: 2015-01-20
Posts: 1,168
Trades :   

Re: LEON's weekly COT report analysis

Ronnie 666 wrote:

Stirling this is not a speculation this is saving. That is where people go wrong in PM. If you buy and hold and save your spare cash in PM then over time you will preserve your wealth. This is not a get rich quick scheme. It is savings....

I am aware of what metals can do for us.
I missed the Hunt brothers run, but caught the tail end of the run.
Next time i will be extremely well placed to cash in on the next mania.
I will be one of those bulls roaring at the top of my voice "BUY AT ANY PRICE" and my ebay and TM accounts will be loaded with slightly over priced silver and gold rounds.
The only thing spot price does fr someone like me is give a starting point for how much i can afford to spend on what people are selling me , so that i can turn them around quickly and get a return on investment + free metal for my own stash.
I am 100% sure there is never going to be a COLLAPSE.
The stock market may crumble and the financial markets turned upside down, but i know from history THAT THEY ALWAYS GET BACK ON TRACK.
Sure lots of people suffer, but lots of us also prosper.
Buy low and sell high is the game.
And as many of you here know personally or have heard from reliable sources , many people get in high and sell lower in a panic.
I am so very confident that i can afford to speculate on lots of long shots with little investment and if they turn out good , YAY.
If they do not then , no great loss.
I sold some silver a few weeks back (just because i could) so i could post comments knowing i had skin in the game.
I intend to buy those ozs back in coming months + extra and still have change from the original sale.

Offline

#22 2015-04-23 00:32:50

sterling-nz
Member
Registered: 2015-01-20
Posts: 1,168
Trades :   

Re: LEON's weekly COT report analysis

Holdfast wrote:
sterling-nz wrote:

To have bought in early and sold at the top would have been fantastic.
The only way i can see to get these gains with out the years of waiting is PENNY STOCKS, lol.

Have fun with that! lol

I'd rather the Ronnie 666 method.  cool big_smile

It took me four attempts to post that bloody stupid chart:(

Offline

The following user says thank you for this post: Holdfast

#23 2015-04-23 00:57:05

Ronnie 666
Silver Stacker
From: Australia
Registered: 2011-03-16
Posts: 2,389
Trades :   175 

Re: LEON's weekly COT report analysis

Stirling - I fully appreciate your and many other SS idea of buying low then selling high and rebuying low again. There is nothing wrong with that idea and if you were to take 20% of your holdings and play that game it is fine. Personally I prefer buying over time and holding. I too missed the Hunt brothers but started in the the later part of 2000 and then more seriously since 2005. Do I care that prices have gone backwards the past 3 years not really. Yes I could have accumulated a bit more had I sold metals from purchases 2010-2011 and repurchased now ? But I didnt and who cares. Slow and steady ............... big_smile

Last edited by Ronnie 666 (2015-04-23 00:57:46)


"The Two Most Common Elements in the Universe Are Hydrogen and Stupidity" Frank Zappa

Offline

The following 2 users say thank you for this post: Oldsoul, sterling-nz

#24 2015-04-23 04:56:04

Oldsoul
Member
From: Aghartha
Registered: 2014-06-11
Posts: 1,187
Trades :   

Re: LEON's weekly COT report analysis

Well I just bought a couple of ounces which immediately fell off a boat. Rent money with nothing else to do and to good a deal to refuse @ just under spot with free gems and  silver(lovely great big honking 37.5 50 peso and a job lot of other pieces including four ounces of silver in coins, a few nice natural sapphires, few diamonds and a 10 gram 18K gold chain, silver chain and silver jewellery, few bits of onyx ).

If the trend is so contrarian with 'look at me' newly wise teenage cheerleaders like leon (who cross posts widely on other sites)  based on junk like Elliot waves then this bear is on legs as shaky as those of the bull when max Kaiser was ranting about the collapse of the west and people were buying silver in the 40s.

Going to be fun with Greece and the money had more chance of depreciating in euros than it did in gold. Either way it is going no where now but the bottom of the ocean for many years....now june may be a touch lower but given the state of forex it was not worth waiting with a deal like that in my face......

Thanks Leon. You convinced me to buy. I am that sure you are an idiot.

Love haggling a deal.

Now excuse me Leon...I have to stagger off to lie down like smaug and curl up for a bit while you career around the internet cross posting stuff you gleamed from others but don't understand. I guess you bought a couple of ounces of silver with your pocket money and feel you are now a playa and market maker. I made my money on the options market in the 90s and need your 'experience' about as much as Brittney spears newly launched brand of knickers.

e51cb0a53a66c9ef64e02b541342d87c.jpg
Source:

Last edited by Oldsoul (2015-04-23 06:00:21)


"I will show you fear in a handful of dust." t.s. eliot

Offline

#25 2015-04-24 10:08:54

leon1998
Member
From: United States
Registered: 2014-11-26
Posts: 683
Trades :   

Re: LEON's weekly COT report analysis

Told you so,  Shock and Awe tongue

gold 1178 USD            silver 15.60 USD

Offline

  • Index
  • » Gold
  • » LEON's weekly COT report analysis

Board footer

Powered by FluxBB