On the heels of another wild trading week, we have seen commercials making moves in the gold market and silver markets.
Commercial Trading In Gold & Silver
June 4 (King World News) – As we kickoff a new trading week, there has been a little bit of short selling in the gold market (see chart below).
Some Commercial Short Selling In Gold
Long-Term Look At Gold
Here is a longer-term look at the commercial positions in the gold market (see chart below).
24-Year Chart Of Commercial Gold Positions
After the recent action in gold, it will be very interesting to see the next COT report…
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Silver
You can see that commercials have also been selling more silver contracts (see chart below).
Commercials Increase Silver Shorts
Long-Term Look At Silver
You can take a look at long-term commercial short positions in the silver market (see 10-year chart below)…
24-Year Chart Of Commercial Silver Short Positions
Stay Disciplined
The sentiment in the mining shares is extremely negative right now and that is very bullish from a contrarian perspective. If you are accumulating physical gold and silver, just continue to purchase at the normal times each month if you are dollar cost averaging. Don’t be distracted by the manias in paper markets. Instead, stay disciplined and don’t try to outsmart the market as you continue to accumulate. For those of you who are accumulating your favorite high-quality mining shares, continue to dollar cost average in May.
ALSO RELEASED: Greyerz – There Is No Way Out And This Is Why The Global Collapse Will Be Devastating CLICK HERE TO READ.
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