Loading ...The Commitment of Traders ReportSilver
*The large specs increased their long positions by 1,153 contracts and reduced their shorts by 8,383 contracts.
*The commercials increased their longs by 2,481 contracts and increased their shorts by 10,259 contracts.
*The small specs reduced their longs by 404 contracts and increased their shorts by 1,354 contracts.
The commercials are now net short 83,916 contracts.
Gold
*The large specs increased their long positions by 333 contracts and decreased their shorts by 2,805 contracts.
*The commercials reduced their longs by 34,621 contracts-[fear rises with price-disbelief in the bull] and reduced their shorts by 34,493 contracts.[indecision-but if it keeps going up, don’t wanna be caught short]
*The small specs decreased their longs by 8,774 contracts and reduced their shorts by 5,764 contracts.
The commercials are net short 287,967 contracts.
The JP Morgan crowd continues to get more short silver. What stands out in gold is what Harvey O and James Mc have mentioned, and that is a reduction of spreads in the commercials category.
COTs-I see the gold commercials unusual action as bullish
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