Loading ...The Commitment of Traders Report
Silver
*The large specs reduced their long positions by 343 contracts and decreased their shorts by 4,032 contracts.
*The commercials reduced their longs by 562 contracts and increased their shorts by 3,145 contracts.
*The small specs reduced their longs by 120 contracts and decreased their shorts by 138 contracts.
Gold
*The large specs reduced their long positions by 21,878 contracts and reduced their shorts by 195 contracts.
*The commercials increased their longs by 4,431 contracts and decreased their shorts by 17,144 contracts.
*The small specs reduced their longs by 280 contracts and reduced their shorts by 388 contracts.
Yep, all that recent reduction in the gold OI was the bad guys starting to run for the hills. One of the most bullish gold COT reports I can recall. The silver numbers, after the big change last week, make me want to throw up. JPM just goes on and on. Until they are beaten, it is hopeless. OF COURSE, that could happen at any time, after all these years, as the price of gold EXPLODES thanks to the physical market bulls in Asia.
From Murph on Friday–V bullish for gold–not so for silver
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