As we kickoff trading this week, here is the big surprise…
A Big Surprise This Week!
December 4 (King World News) – There was a big surprise in the commercial hedgers’ short positions this week…
Commercial traders increased their short positions a bit in the gold market (see chart below).
Commercial traders decreased their short positions a bit in the silver market (see chart below).
While the COT report on gold is negative, but less so on silver, here is the big story: Commercials have increased their short positions in the crude oil market once again to all-time record levels!
It is truly remarkable how short commercial hedgers are right now in the crude oil market. It will be interesting to see how gold, silver, and crude oil trade in the coming weeks. KWN will update as needed.
***KWN has just released the remarkable audio interview with one of the most street-smart pros in the business and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Despite Repeated BIS Interventions, China Plans To Send The Price Of Gold Skyrocketing CLICK HERE.
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