Gold & Silver CoT Worsen Yet Again

[edit] I am glad I write an in-depth financial market report every weekend because it forces me to do work that sometimes adds context to these quickie posts and in-week observations.  NFTRH 384’s precious metals segment just introduced a big hunk of context, and it ain’t bearish on the big picture. 

It’s not pretty folks.  I don’t create ’em, I just reproduce ’em.  Large Specs have lurched more bullish and Commercials have stuck another dagger in that stance, ramping up the shorts on the other side of the trade.  What’s more, the little guy is really perky.  Not a good picture to be getting short-term bullish against at this juncture.

goldcot silvercot

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