On the heels of the recent takedown in the metals, the commercials increased bullish bets on silver and make moves in the gold market.

Gold & Silver
May 17 (King World News) – Commercial hedgers added to their shorts positions in the gold market, although recently they had been moving closer to becoming bullish on gold (see chart below).

Commercials Add To Gold Shorts


Listen to the greatest Egon von Greyerz audio interview ever


Commercial hedgers increased their bullish bets in the silver market this week (see chart below).

Commercials Increase Bullish Bets On Silver


Big Picture Bullish For Silver
25-year chart shows commercial hedgers have turned very bullish on the silver market (see chart below).

25-Year Chart Shows Commercials Very Bullish On Silver


It will be very interesting to see if the commercials have covered a large number of gold and silver short positions in next week’s COT report. For those who accumulate physical gold and silver on a dollar cost basis, continue to make purchases at the same time each month. Do not get cute and try to time the market...

***KWN has now released the powerful audio interview with Andrew Maguire discussing the gold and silver takedown and what to expect next and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.

***Also just released: Andrew Maguire – Naked Short Selling To Create Violent Upside Reversal In Gold & Silver CLICK HERE TO READ.

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