COT – Funds High Short Positions Major Rally Fuel for Gold, Silver
HOUSTON – As a courtesy to our blog readership, just below is a video update we shared with Got Gold Report Subscribers on Monday, May 28. The video deals mainly with the changes in the most recent CFTC Commitments of Traders (COT) report for gold and silver futures, including some exciting developments in the structure of the very low Managed Money (hedge funds, commodity trading advisors, etc.) net long position.
Absent a total global “Charlie Foxtrot” (a military term meaning a really bad event) the COT suggests that dips for gold and silver should be exceedingly well bid just ahead. Indeed, the structure of the COT is about as bullish as we have seen it for silver futures.
That is speaking in a contrary sense, of course. Find out why in the video below.
Source: Got Gold Report