With what little bounce activity gold and silver had experienced by Tuesday (CoT cut off date), the data show a jump in large speculators' active bearishness and commercial entities longing…
As the silver CoT report data systematically, almost robotically degraded into the September 2012 top (despite the seemingly bullish coming of QE3) NFTRH used to ask week after week “Who are those guys?” doing its best Butch Cassidy while evaluating the gathering short interest.
Below is the CoT graph from NFTRH 203 dated September 9, 2012. Week after week ‘those guys’ were ganging up on silver and we all know what soon happened; a harsh bear market down leg for the precious metals.
Well folks, it appears 34 pages were not enough and based on questions received from two subscribers, I thought I would do an add-on update to NFTRH 285.