On the heels of week that saw gold and silver pullback, today KWN is reporting on the commercial trading activity in the gold and silver markets.
August 15 (King World News) – This week the commercials increased their short positions in the silver market (see chart below).
Commercial Hedger Activity In Silver (10-year chart)
Below is a look at the Commercial short positions in the gold market…
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Below is a look at the commercial short positions in the gold market. It showed little change, with a slight increase in commercial shorts.
Commercial Hedger Activity In Gold (10-year chart)
Although there has been further deterioration on the COT, this does not necessarily mean that the gold and silver markets are headed down aggressively from current levels, but it does wave a big warning flag at this point. KWN will continue to let our global readers know what is happening with commercial positions in the precious metals. In the meantime, it will be very interesting to see how both the gold and silver markets trade in the coming weeks.
***ALSO JUST RELEASED: Greyerz And Boockvar Weigh In On The Pullback In Gold And What Investors Should Expect Next CLICK HERE.
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