Silver’s Commitments of Traders shows improvement again this week while gold’s CoT wallowed without much net change. Silver’s large specs continued to puke up the metal while the Commercials continued to cover shorts.
As to gold, the already briskly over long little guy got even more so. The silver little guy reduced significantly (and he was already less than enthusiastic).
Makes me start to favor silver over gold and possibly – although this will take cross referencing of many other indicators – inflation over disinflation.
[edit] The visuals just came in from COTbase.com showing silver and gold continuing to work on their incomplete trends and gold’s little guy way too bullish.
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