$GOLD - Chart Link - would still love to
see gold work down to that shaded area, which would also allow the
extremes in the commercials and large speculators to work off
Hello Matt, I'm back! I don't think I
know how to post this from Twitter. I sent you some tweet forwards
today, you probable don't have time for twitter these days.
Thanks, Clark.
9 weeks is all the time it has taken for Non Comm short contracts to double in size. I warned about this a few weeks ago.. This is going to be very explosive for USD JPY to the longside.. You have been warned. Gold COT is bearish but not as clear to me as this yen positioning. pic.twitter.com/qyChiP1n63
Posted by skyhansen on 11th of Dec 2019 at 08:02 pm
Interesting:
Gold
Silver
Commercial
High for
Commercial
High for
Short
Week
Short
Week
Week of April 17,2017
(211,064)
$ 1,294.80
(116,832)
$
18.66
Week of December 9, 2019
(322,787)
$ 1,489.90
(74,299)
$
16.83
Change
111,723
$ (195.10)
(42,533)
$
1.83
-53%
-15%
36%
10%
Since the April 17, 2017 high of $18.66 for Silver, gold
commercial net short has increased over 50% while gold prices have
increased 15%. Conversely, Silver prices have fallen 10% and
commercial net short has fallen by 36%. It would appear that,
relative to Gold, Silver has more room to run given the relative
commercial short interest.
Update: New gold commercials back up to 322
New gold commercials back up to 322
Posted by matt on 6th of Dec 2019 at 05:01 pm
$GOLD - Chart Link - would still love to see gold work down to that shaded area, which would also allow the extremes in the commercials and large speculators to work off
https://twitter.com/owsi1968/status/1203068218287542272?s=20 Hello Matt, I'm back! I
Posted by hclarkhusa on 6th of Dec 2019 at 05:40 pm
https://twitter.com/owsi1968/status/1203068218287542272?s=20
Hello Matt, I'm back! I don't think I know how to post this from Twitter. I sent you some tweet forwards today, you probable don't have time for twitter these days. Thanks, Clark.
Update: Update: New gold commercials back up to 322
Posted by matt on 6th of Dec 2019 at 05:15 pm
$SILVER - Chart Link - bear flag playing out in silver
Interesting: Gold Silver Commercial High for Commercial High for Short Week Short Week Week of April
Posted by skyhansen on 11th of Dec 2019 at 08:02 pm
Interesting:
Since the April 17, 2017 high of $18.66 for Silver, gold commercial net short has increased over 50% while gold prices have increased 15%. Conversely, Silver prices have fallen 10% and commercial net short has fallen by 36%. It would appear that, relative to Gold, Silver has more room to run given the relative commercial short interest.
Matt, does Silver always follow
Posted by cozz101 on 6th of Dec 2019 at 05:18 pm
Matt, does Silver always follow similiar patterns to Gold? Are the gold commercials also applied to Silver? Any downside targets?