Monday, June 30, 2014

Commercials are heavily short Gold and Silver

Commercials as they say are usually right,  while large and small speculators tend to be wrong and both those groups are quite long now, especially the large specs. Despite this I still thing the precious metals will go up into autumn 2014.  Stops should always be used in case the market disagrees with the analysis.

Longer term chart seen first shows the commercials have been more heavily short Gold in the past few years than now though...