As of the time that the bar list was produced, it was overallocated 713.9 oz." The link to Joshua's website is here. Once again---and not surprisingly---there was no sales report from the U.S. Mint. There was no in/out activity in gold over at the COMEX-approved depositories on Monday. But, as is usually the case, it was an entirely different kettle of fish in silver. Nothing was reported received, but a hefty 1,000,911 troy ounces were shipped out---and the link to that activity is here. The Commitment of Traders Report for positions held at the close of trading on Tuesday, December 23 were finally posted on the CFTC's website yesterday. In silver, the headlined number from the legacy report showed that the Commercial net short position changed very little, as it only improved by 265 contracts, or 1.32 million ounces---hardly a rounding error. Under the hood in the Disaggregated report, there wasn't much to see, either---as the Managed Money improved their short position by 322 contracts. Silver analyst Ted Butler had a few things to say---and I've stolen two paragraphs from his COT commentary yesterday. "The raptors, the commercial traders other than the Big 8---or what’s left of them---accounted for all the buying and then some in adding 3,100 contracts to a net long position now totaling 23,900 contracts. That means, of course, that the big commercial shorts had to add to their concentrated short positions; which they did to the tune of more than 2,100 new shorts for the Big 4 and 600 for the Big '5 thru 8' silver shorts." "What’s disturbing about the increase in concentrated short selling by the 8 largest commercial crooks is that the selling is unquestionably manipulative---and both JPMorgan and the CME, as well as the other collusive commercial shorts---and the regulatory joke that is the CFTC---should all be sent to a Russian gulag. Here we are at close to the lowest silver prices of the past five years with no silver miner even thinking about a sell hedge, and these big COMEX commercial crooks are adding to their concentrated short positions. Both the big 4 and the big '5 thru 8' (unlike what has occurred in gold) now hold their largest short positions since early September when silver traded above $19." Ted peg's JPMorgan's new short-side corner in the COMEX futures market at 12,000 contracts. In gold, it was quite a bit different, as the headline number from the legacy COT Report showed that the Commercial net short position declined by 9,866 contracts, or 986,600 troy ounces. The Commercial net short position is now down to 10.52 million troy ounces. Here, in part, is what Ted had to say about gold--- "Despite the reduction, the total commercial net short position is still 50,000 contracts higher than the low point on Nov 11, which in turn was the lowest commercial short position since January. Since we’re also about 50,000 contracts lower than the high points of the commercial net short position of the past year, it would be appropriate to call the overall gold structure neutral." "By commercial category, there was a slight twist from recent COT reports in that the raptors (the smaller commercials excepting JPMorgan in gold) were the big buyers this week, in adding 15,500 new longs; while the 8 largest commercial shorts added about 5,500 new shorts. This is the first time in a month that the 8 largest gold shorts added to their short position, although this position remains low historically. I will point out that despite the increase in the concentrated short position this week, both the big 4 and big 8 short positions are less than they were on Nov 11, when the total commercial net short position was 50,000 contracts lower and that must count as a positive." On the other side of the Commercial traders---and under the hood in the Disaggregated Report, the Managed Money traders shed 4,484 long contracts and added 5,144 short contracts, for a total swing of 9,628 contracts. Ted mentioned that JPMorgan increased their long side corner in the COMEX gold market by a chunky 7,000 contracts during the reporting week---and now pegs their short position around 17,000 contracts. Because I was on the road for nine hours yesterday, I've cut and hacked the stories down to a fairly smallish number.