The Commitment of Traders Report
Silver
*The large specs increased their long positions by 1,868 contracts and increased their shorts by 3,495 contracts.
*The commercials decreased their longs by 184 contracts and decreased their shorts by 248 contracts.
*The small specs increased their longs by 370 contracts and reduced their shorts by 1,193 contracts.
Gold
*The large specs decreased their long positions by 11,824 contracts and increased their shorts by 12,983 contracts.
*The commercials increased their longs by 5,056 contracts and decreased their shorts by 10,058 contracts.
*The small specs increased their longs by 910 contracts and increased their shorts by 217 contracts.
On the face of it, this report would be called bullish. But since we know the likes of a JP Morgan (and probably others like them), only report what they want us to see, what do they matter?