Frankly, I need a graphic version of the report to really get an idea of the trend, but Silver’s Commitments of Traders took a lurch in the right direction as of Tuesday with large spec’s decreasing longs and increasing shorts and commercials increasing their longs.
Further, there was price damage in silver after this data was booked and it is a good bet that CoT made some good reparations on Wed, Thurs & Fri.
Again, it is the termination of a CoT trend that is important, not what the goons are doing in any given week. But reparations are in process. I have not produced Gold’s CoT because nothing much has been happening there. It was nowhere near as bad as Silver’s.
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