Friday, June 29, 2012

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. 






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.   



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

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