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…
IMPORTANT:
To learn which junior explorer is looking to drill some of the best holes in the world CLICK HERE OR ON THE IMAGE BELOW
Sponsored
Silver
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.
KWN has now released one of the greatest audio interviews ever with Bill Fleckenstein and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***Also just released: This Is The Truth About What Is Really Happening With Inflation CLICK HERE TO READ.
© 2019 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.
