Stocks And Silver
February 26 (King World News) – On the heels of what promises to be another unpredictable week of trading, here is a stunning “Smart Money” update on stocks and a surprising look at silver from Jason Goepfert at SentimenTrader: The Commitments of Traders report was released, covering positions through February 12. Remarkably, “smart money” hedgers continued to buy index futures, building to a $23 billion net long position (see chart below).
Commercials Long $23 Billion In Stock Index Futures!
In early February, their net position in index futures was on par with market lows in 2011 and 2015-16. This is extremely unusual, since they usually sell into rising markets…
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In silver, they’re now holding about 35% of the open interest net short, on the low end of their range over the past 7 years, a minor negative (see chart below).
Commercials Activity In The Silver Market
This is another example of why Jason Goepfert is the best in the world at what he does — providing actionable market data. To subscribe or try a free two week trial to the internationally acclaimed work that Jason Goepfert produces at SentimenTrader CLICK HERE.
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***Also just released: This Is The Truth About What Is Really Happening With Inflation CLICK HERE TO READ.
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