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Strategies & Market Trends : Ride the Tiger with CD

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bull_dozer

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ralfph

To: dara who wrote (299171)	4/16/2023 12:32:37 PM
From: dara	3 Recommendations Read Replies (1) of 312358

COTS as of April 11, 2023 Caution Warranted For a change, the commercials increased their net short position in silver and decreased their net short position in gold. I have added the charts for platinum and palladium below as Ed Steer made a comment that there is a similar problem in the platinum market as there is in silver. I also noted the technical analyst, Tom McClellan, has posted here that gold is in a bearish rising wedge pattern. Ed Steer's Comments: "...the set-up in silver is still very bullish, even taking into account the price action since the Tuesday cut-off. and on gold: "...The Big 4 shorts have added around 85,000 short contracts since the low of last fall...which is not at all bullish." and on platinum: "Silver remains their number one problem child...and the number two problem child for the Big 4 shorts in platinum." Check out the graphs this week as they show the build up in net short positions more clearly. They are labelled "Position: Short" under the tradingster links here and here. Disaggregated futures and options - combined report: cftc.gov Legacy Report: Futures Only Commodity Exchange Incorporated: cftc.gov

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