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Ted Butler Says JP Morgan has Cleared the decks
Alex Stanczyk (December 2nd, 2008) Writes:
Interesting read. Ted Butler is saying that all of the big long contract holders of silver have been intentionally squeezed out.
COT Extremes
By: Theodore Butler
– Posted 2 December, 2008
It’s been a while since I have commented in detail about the Commitment of Traders Report (COT), since there have been other issues to be discussed. Plus, I know many find the topic confusing. However, there have been some recent developments that should be reviewed.
Long-time readers know that I have studied and written about the COTs for years. I find the report invaluable. This weekly report from the CFTC tells us who has been buying or selling in all U.S. futures and options on futures. The reports don’t tell us the “who” by name, but offer three broad trader categories - large commercial, large non-commercial, and non-reportable. The two large categories must report their positions to the CFTC on essentially a daily basis,
...Alex Stanczyk, Gold Markets, JP-Morgan, Prime Broker, real metal, Ted Butler, Ted Butler Says;, the who;, Theodore Butler;, United States, USD
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