Look at the silver CoT graph, will ya...
#194 is going to be a really fun newsletter to write. The first one even resembling fun in a few weeks. Finally we've got the goons (US and their Euro goon counterparts) behind us and it looks like the analysis is (finally) being confirmed and finally knows what the #%@$! it is doing in the immediate term as well as the intermediate term.
Have a nice weekend.
http://www.biiwii.blogspot.com
http://www.biiwii.com
Subscribe to NFTRH or
Subscribe to the free eLetter
#194 is going to be a really fun newsletter to write. The first one even resembling fun in a few weeks. Finally we've got the goons (US and their Euro goon counterparts) behind us and it looks like the analysis is (finally) being confirmed and finally knows what the #%@$! it is doing in the immediate term as well as the intermediate term.
Have a nice weekend.
http://www.biiwii.blogspot.com
http://www.biiwii.com
Subscribe to NFTRH or
Subscribe to the free eLetter
Platinum ($PLAT) had its strongest weekly buying volume ever, AT SUPPORT. Sentiment has been absolutely decimated with increasing weekly sell volume right up to retesting this support. USD Crowded Trade recently suggests a big rally is on tap in July.
ReplyDeleteEven with all the fear in the media, with no $VIX pop and FX acting normal, there were still a lot of crowded trades out there to unwind, no?
ReplyDeleteHey Gary, help out a moron here. The green line going up, with thebars going down - that's a good thing, right? We want that, right?
Well, it means there is heavy participation in whatever the structure of the CoT is at any given time. So an elevated open interest within a positive structure sure would imply that there is some weight (and positioning) behind it.
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