Silver COT – The Day the Numbers Lied

from Silver Seek

Prices ended down slightly once again for both silver and goldlast week. There was no great change noted in the COT reports for either precious metal, and the monthly Bank Participation Report was a non-event for silver. This is once again leaving many observers scratching their heads about the suddenly questionable reliability of these numbers.

They seem to provide especially important information because they represent the last window of insight into what the elephants are doing in these commodity markets. It is not exactly rocket science when it comes to interpreting the data in those reports.

Part of the belief that there must be more complexity to these numbers comes from some very loud voices entrenched in the “denial of suppression” camp.

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