On the heels of the recent takedown in the metals, the commercials have now turned bullish on silver and covered a large number of gold and silver short positions.
Gold & Silver
April 21 (King World News) – Commercial hedgers covered short positions in the gold market and are moving closer to becoming bullish on gold (see chart below).
Commercials Cover Gold Shorts
Gold is making its way back into the global monetary
system, to learn more CLICK HERE!
Commercial hedgers also covered a significant amount of short positions in the silver market (see chart below).
Commercials Turn Bullish On Silver
Big Picture Bullish For Silver
The 25-year chart shows commercial hedgers have now turned bullish on the silver market (see chart below).
25-Year Chart Shows Commercials Bullish On Silver
It will be very interesting to see if the commercials have covered even more gold and silver shorts 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 Gerald Celente’s KWN audio interview discussing what will surprise investors in the back half of 2019 CLICK HERE OR ON THE IMAGE BELOW.
***Also just released: Gerald Celente – This Is What Will Surprise Investors In The Back Half Of 2019 CLICK HERE TO READ.
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