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Strategies & Market Trends : Ride the Tiger with CD

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To: dara who wrote (300410)8/5/2023 8:51:31 PM
From: dara1 Recommendation

Recommended By
LoneClone

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COTS as of August 1, 2023

Liquidity Drain

Again the commercials decreased their net short positions in gold and silver.

I've included a chart of the DOW at the bottom as it looks to have started a correction.

Ed Steer's comments:

On silver:

"For the second week a row the silver numbers were far better than the price action during the reporting week indicated they might be ..."

On gold:

"But, having said that, from a COMEX futures market perspective, the set up in gold still remains bearish -- and has been that way for about the last ten months or so."

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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