This week’s closing table is just below. Vultures, (Got Gold Report Subscribers) please note that updates to our linked technical charts, including our comments about the COT reports and the week’s technical changes, should be completed by sometime on Monday.

SOUTHEAST TEXAS -- 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. This week we are also adding in the net positioning of traders the CFTC classes as “Commercial” in the Legacy COT report. (DCOT Table for May 3, and Legacy COT commercial positioning for data as of the close on Tuesday, May 7. Source CFTC for COT data, Cash Market for gold and silver.) (More...)

SOUTHEAST TEXAS -- Its hard to believe that the calendar says May on the top of the page, but it sure does. That means that it is time, once again, for our annual hiatus and, truth be told, it could not come at a better time for your editor and the staff here at GGR. We are all running on fumes and wistfully thinking of stuff that sounds more like fun and less like Ben Bernanke or Mario Draghi. As we mentioned to subscribers earlier today, we figure the world can do without GGR for a few days and that the markets will

HOUSTON – Gold saw some selling pressure today (May 7) but managed to stay above our trading stop. While it did, we had to take note that silver actually outperformed gold for the day. Using the ETFs GLD and SLV as proxies for the metals, GLD finished lower about 1.4% (to $140.22) while SLV was lower only fractionally by 0.7% ($23.03). Anytime silver is outperforming, even in a relative sense, we see that as more bullish than bearish.

The Daily Bell is pleased to present this exclusive interview with Antal Fekete. Introduction: Professor Antal E. Fekete is an author, mathematician, monetary scientist and educator. Born in Budapest, Hungary, in 1932, he graduated from the Eötvös Loránd University of Budapest in mathematics in 1955. He immigrated to Canada in 1957 and was appointed Assistant Professor at the Memorial University of Newfoundland in 1958. In 1993, after 35 years of service he retired with the rank of Full Professor. In 1995 he was Resident Fellow at the Foundation for Economic Education in Irvington-on-Hudson, New York and in 1956 he was Visiting Professor at

Jeff Clark, Senior Precious Metals Analyst, Casey Research writes: The fundamental picture for gold is as solid as its ever been since this bull market started, so were all eager to see the price begin its next leg up. But is the bottom in? One way to address that question is to compare the recent selloff to other large corrections… In December 1974, gold entered a 20-month, gut-wrenching decline that cut the price by 47%. Our current correction began at the September 5, 2011 high of $1,895 (London PM Fix) and has fallen as much as 27%. Heres an overlay of now compared

Edit 1. Corrects dates at the top of the table. This week’s closing table is just below. Vultures, (Got Gold Report Subscribers) please note that updates to our linked technical charts, including our comments about the COT reports and the week’s technical changes, should be completed by the usual time on Sunday (by 18:00 ET).

Edit 1: Adds charts of interest and short commentary. 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.) (More...)

Jim Rickards, of Tangent Capital, said Thursday, May 2 on CNBC that the April 15 gold smash and panic was a "transition from weak hands to strong hands," meaning that the sellers in the panic were COMEX traders who had margin calls and trading stops or hedge funds who had positions in gold ETFs. "They are all wrung out now," Rickards added. Presumably their selling was to people who take a longer term view of gold and its ability to preserve purchasing power, who were not panicked by the gold swoon and were likely grateful for the chance to add to their positioning.

Edit 1. Adds post script. Popular newsletter writer Dennis Gartman, editor of The Gartman Letter, citing weakness in the gold market on Wednesday, lower volume on gold’s bounce and while mocking intense global demand for gold coins and bars, decided to “punt” gold from the short side early Thursday morning, reportedly selling COMEX June gold futures short “at or near $1,455.” A short futures position benefits if the price of gold falls. Gartman called for a trading stop of $1,467 and a downside target of “$1,285 - $1,305.” Gartman’s letter is delivered to subscribers in the early morning, usually around 05:00 EDT. We

Could the tide be turning... Daracy Keith,The Globe and Mail writes: Those looking for even more evidence that corporate executives are smelling bargains in the junior mining sector should consider this: Insider buying on the TMX Venture exchange is near a record high. INK Research’s Venture indicator is at 715 per cent today, just 20 percentage points below its record peak of 735 per cent set on Oct. 27, 2008. That means there are more than seven stocks listed on the exchange with insider buying for every one seeing selling. It also marks a steep increase since early March, when the indicator was

Trim Tabs CEO Charles Biderman says the Q4 2012 spike in personal income in the U.S. was a one-off as people pulled forward income in the last calendar quarter of 2012 to avoid Obama tax hikes. That got 2013 off to a good start, but on false premises. It did lead to a spike in income tax collections, however, albeit also a one-off for April. Now personal income growth has slowed to around 3%, which is essentially a no growth level. He says stocks are being levitated by $2 trillion per year in money printing. $1 trillion each by the Fed and the

Mark OByrne writes: In a remarkably candid interview, the President and Executive Chairman of CME Group Inc, Terrence Duffy, told Bloomberg TV that today gold buyers don’t want certificates ... They want the real product. When asked by Cristina Alecci at the Milken Institute 2013 Global Conference in Los Angeles on Bloomberg Televisions Street Smart.about gold, Duffy says What’s interesting about gold, when we had that big break two weeks ago we saw all the gold stocks trade down significantly, we saw all the gold products trade down significantly, but one thing that did not trade down, was gold coins, tangible real gold.

HOUSTON -- Recently we shared a new video update with GGR Subscribers entitled “COT World Turned Upside Down --meaning that we are seeing unusual changesin positioning of the largest traders of futures as reported inthe Commodity Futures Trading Commission (CFTC) commitments of traders reports (COT). The video covers thereported positioning of gold and silver futures for the COT week ending April 23, as reported on Friday, April 26. The report also looks at the recent gold panic sell-down event in alonger term context. As a courtesy to our entire GGR readershipwe have uploaded thenewvideo to our YouTube hub, making it available to the

HOUSTON -- Vultures (Got Gold Report Subscribers) please log in to the Got Gold Report subscriber site and navigate to the Got Gold Report Latest Video Section to view a new special video GGR uploaded today, Sunday, April 28. We pay particular attention this time to the Producer Merchant commercial traders, the non-commercial Managed Money traders and the smaller traders the CFTC dubs “Non Reportables.” Please view our relevant disclosures located on the web site for Got Gold Report.