Plenty of Positive News Last Week

Plenty of positive news last week about the big banks going long on gold.  In silver, Friday’s COT report shows the commercial traders are now at their lowest net short position since July 1997 and hold their largest net long position in the history of the data.  So whilst the ‘big 8’ are still playing their games with shorting the silver market there is a definite strong trend of more commercial traders betting on a price rise (long) position in silver.