Subject:As Good As It Gets?
By: Theodore Butler
Overview: The most recent Commitment of Traders Report (COT), for positions held as of July 3, contained some surprisingly bullish data for silver. The report indicated another sharp reduction in the total net commercial short position, by almost 6000 contracts, to the smallest net short position (42,000 futures contracts) in nine months. While the total net short commercial position in gold widened a bit, we are still at a very low level of commercial net shorts in gold, indicating that both silver and gold are structured to move higher. Perhaps sharply higher.
Link: http://news.silverseek.com/TedButler/1184097569.php
10th July 2007, 15:59
As Good As It Gets?
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