Wednesday, May 30, 2012

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


The Original
Vulture Speculator

Trading gold, silver and mining shares since 1980 with a focus on taking advantage of volatility extremes, Gene Arensberg analyses the markets through a basket of technical and fundamental indicators and shares his findings from time to time here at Got Gold Report. Mr. Arensberg has been quoted in the Wall Street Journal, Dow Jones MarketWatch, USA Today and dozens of other news organizations.

"I've been a huge fan of Gene and his amazing work for years..."

Brien Lundin, CEO, Jefferson Financial, Host of the annual New Orleans Investment Conference and Publisher of Gold Newsletter

Contact Us