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  
To: dara who wrote (300609)8/27/2023 2:19:11 PM
From: dara4 Recommendations

Recommended By
Anchan
Claude Cormier
LoneClone
ralfph

  Read Replies (2) of 312300
 
COTS as of August 22, 2023

September Brings Seasonality Strength

For the fifth week in a row, the commercials decreased their net short position in gold, this time dramatically. While in silver the commercials increased their net short position by a hair. See here and here and here.

The MACD in the charts for gold, silver, copper, platinum and the hui all look positive. While for the DOW, SPX and oil, the MACD looks negative. The dollar has had a nice rally at the same time gold corrected in the time frame from May through August which proves the saying "sell in May and go away".

Ed Steer's comments:

On silver:

"So the set-up for a big rally in silver from a COMEX futures market perspective still remains wildly bullish ..."

On gold:

"Although not back at the white-hot bullish COMEX setting of early last fall...we're back to an extremely bullish set up in gold ..."

In general:

"All we can do now is just sit back and see how things unfold 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
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News