Posted by Charleston Voice, 05.31.12
Wednesday, May 30, 2012
Absent a total global “Charlie Foxtrot” (a military term meaning a really bad event) the COT suggests that dips for gold and silver should be exceedingly well bid just ahead. Indeed, the structure of the COT is about as bullish as we have seen it for silver futures.
That is speaking in a contrary sense, of course. Find out why in the video below.
Source: Got Gold Report
Without any hesitation or reservation we must agree this is just about the easiest understood technical explanation of the metals markets and how they move, who's moving them - and when. I urge anyone owning or contemplating buying gold or silver to give themselves a 20 min. lesson, no student loan required. It'll keep both your feet on the ground, and temper emotions.
"Your only regret will be you didn't buy more"....CV
"Your only regret will be you didn't buy more"....CV
Wednesday, May 30, 2012
COT – Funds High Short Positions Major Rally Fuel for Gold, Silver
HOUSTON – As a courtesy to our blog readership, just below is a
video update we shared with Got Gold Report Subscribers on Monday, May
28. The video deals mainly with the changes in the most recent CFTC
Commitments of Traders (COT) report for gold and silver futures,
including some exciting developments in the structure of the very low
Managed Money (hedge funds, commodity trading advisors, etc.) net long
position.
Absent a total global “Charlie Foxtrot” (a military term meaning a really bad event) the COT suggests that dips for gold and silver should be exceedingly well bid just ahead. Indeed, the structure of the COT is about as bullish as we have seen it for silver futures.
That is speaking in a contrary sense, of course. Find out why in the video below.
Source: Got Gold Report
