Important Charts for Silver Futures Traders June 29

HOUSTON --  Just below are a few charts we plan to spend some time on in this weekend’s GGR.  They are, from top to bottom, the June 29 legacy CFTC commitments of traders (COT) report for large commercial traders in silver futures (LCNS);   the relative commercial net short position or LCNS.TO for silver futures;  the short positions of Managed Money traders of COMEX silver futures; and the net long position of COMEX Swap Dealer commercial traders.  All of the charts have something in common and we plan to discuss that commonality in the upcoming report.  (Hint, they are all historic in one way or another.) 

We expect to release that new report to subscribers sometime late Sunday evening, or early on Monday.  Vultures stay tuned. 

Have a great weekend. 

Continued... 

If you made it this far, congrats.  All of the charts above are bull market records.  They suggest a market skewed short as of Tuesday, June 26, which is contrary bullish and can lead to explosive volatility in our simple way of looking at the COT.  We'll explain in the report for subscribers Sunday or Monday.  That is all for now.