On the heels of Friday’s rally in the precious metals markets, commercial hedgers just went long the silver market for only the second time in history!
2nd Time In History Commercials Long Silver Market
June 1 (King World News) – Well, for those who were looking for a signal that the gold and silver markets were ready for a big reversal, here is some very good news…
Gold is making its way back into the global monetary
system, to learn more CLICK HERE!
Commercial hedgers have just gone long the silver market for only the 2nd time in history (see chart below).
2nd Time In History Commercials Go Long Silver!
Big Picture Bullish For Silver
25-year chart shows commercial hedgers have turned wildly bullish on the silver market (see chart below).
25-Year Chart Shows Commercials Wildly Bullish On Silver
Commercial hedgers essentially maintained their trading positions in the gold market and have recently been moving closer to becoming bullish on gold (see chart below).
Commercial Gold Shorts
It will be very interesting to see if the commercials have covered even more of their 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.
***Also just released: “Gold Is Back Above $1,300 And I’m Shocked It’s Not Much Higher” CLICK HERE TO READ.
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