Loading ...[commercials “IS” supposed to be the smart money]
Silver
*The large specs decreased their long positions by 2,934 contracts and decreased their shorts by 844 contracts.
*The commercials increased their longs by 2,428 contracts and reduced their shorts by 4,364 contracts.
*The small specs decreased their longs by 2,035 contracts and increased their shorts by 2,667 contracts.
Normally, this would be a bullish report. However, the small specs are the winners so far.
Gold
*The large specs increased their long positions by 367 contracts and increased their shorts by 7,936 contracts.
*The commercials increased their longs by 3,135 contracts and reduced their shorts by 8,789 contracts.
*The small specs decreased their longs by 4,278 contracts and reduced their shorts by 657 contracts.
No surprises in either of the changes in the commercial positions.