Gold & Silver COT Update
We’ve seen improvement in the Gold COT in recent weeks but it remains a good distance from the previous double bottom.
The Silver COT argues that Silver is much closer to its bottom than Gold. The net long spec position is now only 6%. However, it remains above the 2.9% low of a year ago.
Sticking with Silver, here are the gross short positions in nominal form and as a percentage of open interest. Nominal gross short positions reached a new all time high last week at 58K contracts. That figure surged this week well past 60K contracts. The second chart shows that gross shorts as a percentage of open interest are just a hair short of the December high, which we think was an all time high.
Circling back to Gold, here are the gross short positions as a percentage of open interest. Shorting has increased strongly in the past few weeks but remains well below the highs from a year ago.
For more premium analysis of the COT and many other things, consider our premium service.
The post Gold & Silver COT Update appeared first on The Daily Gold.
Source: http://thedailygold.com/gold-silver-cot-update-2/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).