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Strategies & Market Trends : Ride the Tiger with CD

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LoneClone

To: dara who wrote (300078)	7/8/2023 3:59:59 PM
From: dara	1 Recommendation Read Replies (1) of 312313

COTS as of July 3, 2023 A gold backed currency in the wing In silver this week the commercials decreased their short and long positions by a similar amount, decreasing open interest. In gold the commercials made a big increase in their short position. The most interesting chart this week is the US dollar at the bottom of the page. Ed Steer's Comments: on silver: "The set-up for a major price rally in silver…" "…is there in spades from a COMEX futures market perspective — and has been for some time. It improved even more in this week’s COT Report." on gold: "However, the same can’t be said of gold, as it remains bearish." on both gold and silver: "This glaring dichotomy between the wildly bullish set-up in silver and the still bearish set-up in gold continues…so place your bets as to how this all plays out in the days and weeks ahead." 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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