Loading ...Craig Hemke
Before we begin, it is VERY important to note the restrictions that have been deliberately placed on this info by the CFTC. Even though the Commitment of Traders reports are surveyed at the Comex close each Tuesday, the CFTC purposefully waits 74 hours before releasing the data to the general public. As you consider the degree to which the “regulators” at the CFTC are complicit in the ongoing price management and manipulation, ask yourself why it takes a handful of dedicated public servants 3 days to crank out these spreadsheets: http://www.cftc.gov/dea/futures/other_lf.htm
Also, we are going to assume that this data is accurate. There have been occasions in the past where the CFTC has put out some numbers that seemed odd and inconsistent to those of us who follow the reports weekly….only to have the CFTC come back the following week and correct their “mistakes”.
And lastly, never assume that this data is sacrosanct and honestly reported by The Banks. Over just the past three years, JPMorgan has been fined on several occasions for knowingly submitting false data:
- https://www.bloomberg.com/news/articles/2016-03-23/jpmorgan-fined-by-cftc-for-failure-to-submit-accurate-reports
- http://www.cftc.gov/PressRoom/PressReleases/pr6968-14
OK, now that we have that behind us, let’s take a look at last Friday’s report and point out a few of the important points.
http://news.goldseek.com/GoldSeek/1495462320.php