Loading ...… as COT positioning is still bullish at this time.
Historical Charts of Interest (chartsrus.com)
What’s more, both gold …
Historical Charts of Interest (chartsrus.com)
And silver …
Historical Charts of Interest (chartsrus.com)
…. remain vulnerable.
Last thing we want to see is a high in PMs in typical seasonal strength peak times.
Seasonal inversions would be much better to set the stage for more prolonged strength through the rest of the year.
They know this, so don’t be surprised if pollical risk related strength comes into play soon, possibly setting an important top of intermediate duration in early February.
We live in interesting and highly manipulated times.