SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Ride the Tiger with CD

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
Recommended by:
LoneClone
ralfph
To: dara who wrote (299763)6/10/2023 12:11:28 PM
From: dara2 Recommendations  Read Replies (1) of 312323
 
COTS as of June 6, 2023

Waiting on the Fed

This week the commercials slightly decreased their net short position in silver. In gold the commercials increased their net short position by selling a chunk of their long positions; they also decreased short positions in gold.

Ed Steer's Comments:

on silver Mr. Steer repeats his comments from last week:

"Silver is locked and loaded for a big move higher...whenever that is allowed. It's been in this state for quite some time now."

on both gold and silver:

"So place your bets as to how this all plays out in the weeks and months ahead...with gold bearish -- and silver wildly bullish from a COMEX futures market perspective."

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
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext