Gene Arensberg's 'Got Gold Report' flash

Section:

11:40p ET Friday, May 21, 2010

Dear Friend of GATA and Gold (and Silver):

Gene Arensberg's "Got Gold Report" tonight expresses some puzzlement that heavy shorting by large commercial traders didn't show up more in the gold traders report just before this week's smashdown in the precious metals. Arensberg writes:

"For gold we cannot point to the commercials being aggressive in their hedging and short selling just ahead of this week's knock-down in the markets. Indeed, they actually reduced their collective net short positioning a little just ahead of the harsh move lower. But in silver we certainly can point to just that. The commercials piled on the short side in a big way just as the sell-down was getting under way."

Arensberg's report is headlined "COT Flash May 21" and you can find it here:

http://treo.typepad.com/20100521COTflashPDF.pdf

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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The Anglo Far-East Bullion Co.'s Gold and Silver Conference

The conference will explore the dangers and opportunities in today's bullion markets and the need for investors to diversify bullion holdings outside of bullion banking and commodities markets. Speakers will include David Morgan of Silver-Investor.com, Gold Anti-Trust Action Committee Chairman Bill Murphy, and Duncan Cameron and Philip Judge of Anglo Far-East Bullion Co. The earliest conference attendees on Saturday will be able to schedule one-on-one interviews for personal consultation with Anglo-Far East's experts on Sunday.

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