BREAKOUT IN USD DOLLAR INDEX WAHT NEXT IN GOLD

BREAKOUT IN USD DOLLAR INDEX WAHT NEXT IN GOLD 

 SOON WAHT NEXT YES 2OOO POINTS MOVE 

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GOLD REPORT

Gold and Silver Disaggregated COT Report (DCOT) for May 3

Posted by Gene Arensberg at May 3, 2013 2:42 PM

HOUSTON -- This week’s Commodity Futures Trading Commission (CFTC) disaggregated commitments of traders (DCOT) report was released at 15:30 ET Friday. Our recap of the changes in weekly positioning by the disaggregated trader classes, as compiled by the CFTC, is just below.

(DCOT Table for May 3, for data as of the close on Tuesday, April 30.   Source CFTC for COT data, Cash Market for gold and silver.)  (Please note:  Data auto retrieved and not verified until this message removed.)

In the DCOT table above a net short position shows as a negative figure in red. A net long position shows in black. In the Change column, a negative number indicates either an increase to an existing net short position or a reduction of a net long position. A black figure in the Change column indicates an increase to an existing long position or a reduction of an existing net short position. The way to think of it is that black figures in the Change column are traders getting “longer” and red figures are traders getting less long or shorter.

All of the trader’s positions are calculated net of spreading contracts as of the Tuesday disaggregated COT report.

NATURALGAS TIPS

BUY NATURALGAS 216 AND IN DIPS SL ARD 202 TARGET 236 246 256

SILVER MCX ,GOLD MCX,

It looks as if the silver market has finally bottomed, as the tarnished price of silver recovered some of its luster over the last two weeks.

The big silver shorts have continued to exit their futures positions, yet there remain some elephants in the market — as evidenced by yesterday's non-economic volatility.

Furthermore, despite various perception related issues, the underlying case for holding physical silver remains as strong as ever, while public confidence in paper currencies trends ever lower.

Retail demand rises

Retail demand for silver also continues to surge. A few weeks’ time will reveal the true impact from this recent price dip, as dealers receive new shipments — most of which are already sold out — or not.

A previous piece outlined the sequential moves away from "King Dollar" as a reserve currency that has been observed recently, although this trend has mainly been progressing in the developing world thus far.

From a broad view, the truly unprecedented demand for physical metals leading up to and through the most blatant price rigging operation the commodities market has seen thus far may be a significant tremor of a massive fault line inthe confidence that supports what could well be the largest bubble of them all —that of the value of paper fiat currencies.

Reflated sentiment manufactured

The monetary authorities have succeeded for now in reflating sentiment. System sentiment is the perception driving the majority. On the surface, it appears that the housing market has recovered somewhat, the European debt crisisseems contained, and inflation is not a threat. U.S. equity markets are trading at all-time highs once again.

In truth, it requires very little effort to dispel these myths by simply looking just beneath the distorted data points. Never the less, a form of plausible deniability exerts a significant barrier to entry for the majority who depend on the maintenance of the status quo.

This manufactured sentiment allows this majority to comfortably dismiss the wide cracks beneath the surface. In fact, such dismissal is often accompanied by anger and hostility that are just more evidence of a political, rather than an economic, achievement.

Bubbles and the demand equation

Recall that bubbles have universally gone undetected and unappreciated for quite some time before outright dismissiveness arises as the holes begin to appear and the bubble eventually bursts.

The larger the bubble, the more speculation, fervor and distortions typically arise. The more protracted the bubble, the more desperate the attempts are to cling tightly to the risk mentality.

The precious metals markets are currently witnessing a new dimension in the "other side" of the demand equation for silver, and also for gold to a lesser degree. This is ultimately a reflection of value and represents a natural transition as the market deepens over time.

Despite the decade’s long perceptual distortion and mis-pricing of these intrinsically valuable commodities, savvy investors are finally beginning to see through the shams that are ultimately political events and not reflections of an economic reality.

Mainstream perception issues

The mainstream media and those who consume it still tend to have general issues with the ownership of physical silver and gold.They often focus on the fact that the precious metals do not pay any interest rate, nor do they provide investors with a regular dividend.

Of course, these intrinsically valuable metals with a long history of use as hard currencies pay no dividend or interest because they do not need to. A dividend on shares anda rate of interest on paper currency deposits are essentially bribes to encourageinvestment in those less secure assets.

Another issue commonly brought up is the high premium that physical metal commands relative to paper futures prices, although this situation will probably only get worse over time as metal supplies dwindle.

It is also worthwhile to rememberthat both dividends and interest happen to be denominated in a persistently devaluing fiat currency with a purchasing power that is being gradually eaten away by the rate of inflation that its central bank insists on maintaining.

Jim Rogers 2013 naturalgas forecast

Below is my comprehensive list of interviews with Jim Rogers, co-founder of the Quantum Fund. Mr. Rogers discusses topics such as gold, silver, the economy, the United States, Canada, commodities and currencies.

Commodity Updates- Silver Updates, Gold Updates, Copper Tips, Crude Oil Updates

BUYSILVERMIC prices on MCX advanced. At 16:37 hrs MCX SILVERMIC June contract was trading at Rs 45340 up Rs 665, or 1.49 percent. The SILVERMIC rate touched an intraday high of Rs 45675 and an intraday low of Rs 44748. So far 54735 contracts have been traded. SILVERMIC prices have moved down Rs 20161, or 30.78 percent in the June series so far.

Mcx silver updates for today MCX Tips Commodity

Mcx silver updates for today MCX Tips Commodity 

Will silver fall below $20 support and move into bearish territory? How long will this gold and silver price correction continue? Silver crashed its key support last week and plunged in sympathy with gold. On its 6-month chart below we can see the big drop that followed failure of the support, and how after plunging on Monday, it then steadied and traded in a narrowing range for the rest of the week, unlike gold which crept higher. Although silver is more volatile and wild in its movements than gold, it has been following a parallel technical script, with support level failures and trendline breaks synchronizing with those of gold, as we will see.