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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: dara who wrote (300410)7/30/2023 3:50:31 PM
From: Berk1 Recommendation

Recommended By
ralfph

  Read Replies (1) | Respond to of 312313
 
Tom McClellan @ McClellanOScillator
Commercial traders of silver futures are back up to a big net short position as a group, a condition pretty reliably associated with price tops. Worth nothing that they have almost never been net long as a group, as many of these traders are silver producers selling forward. The message here is that these smart-money traders think that this price is a good one to lock in.







2:28 PM · Jul 29, 2023
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To: dara who wrote (300410)8/5/2023 8:51:31 PM
From: dara1 Recommendation

Recommended By
LoneClone

  Read Replies (1) | Respond to of 312313
 
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