Loading ...[but it’s debatable if the COT stats really matter anymore]
The Commitment of Traders Report
Silver
*The large specs decreased their long positions by 3,611 contracts and decreased their shorts by 11,780 contracts.
*The commercials reduced their longs by 2,417 contracts and increased their shorts by 4,233 contracts.
*The small specs reduced their longs by 3,269 contracts and decreased their shorts by 1,750 contracts.
Gold
*The large specs increased their long positions by 20,220 contracts and decreased their shorts by 12,823 contracts.
*The commercials decreased their longs by 1,605 contracts and increased their shorts by 29,827 contracts.
*The small specs increased their longs by 167 contracts and increased their shorts by 1,778 contracts.
The positive in silver is that so many small specs ran for the hills. Just as expected, all the recent selling in gold was The Gold Cartel doing their thing on the short side. Round and round we go, back to the same drill. The only way gold will ever go way up in our lifetime is IF The Gold Cartel blows up … WHICH, ought to happen and maybe sooner than most think.