Gold and Silver Commitments of Traders

Today gold and silver got slammed and in preparation Commercial traders had bulked their modest net short positions and large Specs had bulked their modest net longs in gold as of Tuesday.

Silver got gooned up with a noticeable lurch net short by the Commercials and a reduction in net shorts by the large Specs. The little guy increased his bullish stance in both metals (he was already too bullish on silver) and so the metals smack down makes sense, short-term.

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