Apologies, I accidentally deleted the CoT post from Friday. It shows a rapidly changing situation in the structure as commercials get aggressively short and large specs get longer and longer.
Not usually considered a good thing for gold and silver bulls. The message is to keep in mind that precious metals sentiment is getting over bullish at the same time as that in the broad markets and risk of reaction is rising.
It will be interesting to see if there was much short covering last week and post 'nanke.
http://www.biiwii.blogspot.com
http://www.biiwii.com/analysis.htm
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Twitter: @BiiwiiNFTRH
Not usually considered a good thing for gold and silver bulls. The message is to keep in mind that precious metals sentiment is getting over bullish at the same time as that in the broad markets and risk of reaction is rising.
It will be interesting to see if there was much short covering last week and post 'nanke.
http://www.biiwii.blogspot.com
http://www.biiwii.com/analysis.htm
Subscribe to NFTRH or
Subscribe to the free eLetter
Twitter: @BiiwiiNFTRH
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