Historic turning point

The official Commitment of Traders (COT) report out on Friday for major futures contracts in gold and silver shows the lowest Commercial net ‘short’ position since 2003 and 1993 respectively and of course now very ‘long’. What does that mean for our customers? Hopefully that in the real bullion world, with those that had a vested interest in driving down the price now having a vested interest in it going up, you hold the real stuff and can enjoy the ride to wherever it may go. Since Friday its been tracking up...