Loading ...The Commitment of Traders Report
Silver
*The large specs increased their long positions by 1,300 contracts and increased their shorts by 9,308 contracts.
*The commercials increased their longs by 3,676 contracts and reduced their shorts by 4,456 contracts.
*The small specs increased their longs by 423 contracts and increased their shorts by 547 contracts.
Gold
*The large specs reduced their long positions by 769 contracts and increased their shorts by 14,548 contracts.
*The commercials increased their longs by 3,627 contracts and decreased their shorts by 12,010 contracts.
*The small specs increased their longs by 466 contracts and increased their shorts by 786 contracts.
A big change from last week with the bums influencing more specs to go short again. In silver there are more large specs short as of this report than long and the silver open interest is back down close to that appealing 135,000 number. Now if the precious metals had only rallied sharply today. That is the sort of price action we need on a day like this for a game changer. Until then, it is round and round we go.