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

To: dara who wrote (302775)	2/18/2024 6:54:34 PM
From: Pianoman1997	1 Recommendation Recommended By ralfph Read Replies (1) \| Respond to of 312223

The Incoming Gold Shortage Nobody Is Talking About by Tyler Durden: The Incoming Gold Shortage Nobody Is Talking About \| ZeroHedge

To: dara who wrote (302775)	2/25/2024 11:52:02 PM
From: dara	2 Recommendations Recommended By LoneClone onepath Read Replies (1) \| Respond to of 312223

COTS as of February 24, 2024 Commodities Sleep Ex Copper & NatGas Fireworks Continue in the Major Indices The commercials increased their net short positions in both gold and silver. In gold the increase was rather small. See here and here and here. Gold closed the week at $2,049 up from last week's close continuing to trade above its 200 dma. The key resistance is still $2,070. The HUI moved lower although Friday's close was positive. It is trading well below its 200 dma with the 200 level a support trendline. Silver moved down on the week with positive action on Friday closing at $22.98 down from last week's close of $23.48. Copper continued a very strong move upwards from $3.84 to $3.90 closing above its 200 dma. Platinum consolidated at the $909.60 level while palladium continued last week's move upwards closing at $988.50. WTIC consolidated around the $76 level closing at $76.49. Natgas had a big move up settling at $1.70 from last week's close of $1.61. The US$ was weak closing at 103.99. The yield on the 10 year US treasury pulled back on the week from 4.30 to 4.26. All of the four major indices made new all time highs and are not overbought. On Friday they all pulled back from the morning highs. Ed Steer's comments: On gold: " So, despite that 'increase' in the commercial net short position, the set-up for a rally in gold remains unchanged...very bullish." On silver: From a Big 4/8 commercial short position perspective, the set-up for a big silver rally from a COMEX futures market perspective is still very much in place ... " Disaggregated futures and options - combined report: cftc.gov Legacy Report: Futures Only Commodity Exchange Incorporated: cftc.gov