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

To: dara who wrote (302870)	3/4/2024 9:19:09 AM
From: dara	4 Recommendations Recommended By LoneClone onepath Pianoman1997 ralfph Read Replies (2) \| Respond to of 312240

COTS as of February 27, 2024 Gold Breaks Out New All Time Highs on the SPX, QQQ and TSX For a change, the commercials decreased their net short positions in both gold and silver. See here and here and here. Gold made new all time highs this week closing at $2,095.70 on the COMEX. This is a major breakout but we need to see if the move is confirmed to the upside. The HUI made a strong move off its recent low but is still trading well below its 200 dma. Silver moved up strongly along with gold closing at $23.36 up from last week's close of $22.98. Copper pulled back slightly from $3.90 to $3.86 still trading above its 200 dma. Platinum moved down from $909.60 to $888.00 while palladium pulled back to $962.50 from $988.50. WTIC moved up from $76.49 closing at $79.97. Natgas closed up to $1.81 from last week's close of $1.70. The US$ was consolidated and closed the week at 103.93. The yield on the 10 year US treasury pulled back on the week from 4.26 to 4.19. The SPX, QQQ and TSX continued to make new all time highs and are not yet overbought while the DOW consolidated just below its recent all time high. Ed Steer's comments: On gold: " All the signs show that we're about to embark on big rallies in both silver and gold, as the set-ups in the COMEX futures market as of Tuesday's cut-off were bullish in the extreme in both. " On silver: "... the COT Report in silver was back in the white-hot bullish category. " Disaggregated futures and options - combined report: cftc.gov Legacy Report: Futures Only Commodity Exchange Incorporated: cftc.gov