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Strategies & Market Trends : Ride the Tiger with CD

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To: dara who wrote (300539)8/19/2023 12:40:36 PM
From: dara3 Recommendations

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COTS as of August 15, 2023

Eyes on the Bond Market

For the fourth week in a row, the commercials decreased their net short positions in gold and silver by increasing their long positions. The charts showing the change in the short positions are interesting. See here and here.

Also interesting are the charts for the dollar, the DOW and the SPX. I've added the two latter charts at the bottom of this post. Gold crossed its 200 dma this week joining all the other metals although this does not yet show on the chart.

Ed Steer's comments:

"Although gold is still not as wildly bullish as it was last October from a COMEX futures market perspective, it's safe to say that it's now far from bearish. So we appear to be locked and loaded for a big move up in both gold and silver..."

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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