Loading ...The Commitment of Traders Report
Silver
– *The large specs decreased their long positions by 959 contracts and reduced their shorts by 5,563 contracts.
*The commercials increased their longs by 942 contracts and increased their shorts by 8,278 contracts.
*The small specs increased their longs by 1,346 contracts and reduced their shorts by 1,386 contracts.
Gold
*The large specs increased their long positions by 4,147 contracts and reduced their shorts by 39,784 contracts.
*The commercials increased their longs by 8,848 contracts and increased their shorts by 52,012 contracts.
*The small specs decreased their longs by 1,072 contracts and reduced their shorts by 305 contracts.
Pretty much as expected as per the way this drill has gone over the last decade. The cartel dug in, piling in on the short side with gold and silver still at lowly prices. The JP Morgan crowd is short nearly 30,000 contracts on the commercial side, and they went berserk on the gold sell side to stop the recent rally.