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...

Silver's Descending Triangle Breakout Projection

left side width of triangle should equal right side breakout level...

SILVER - BEAR MARKET APPEARS TO BE OVER!!!

"It’s important to keep in mind that this historic breakout in silver is coming from the most oversold levels ever. So this has the potential to be an extremely explosive situation. The last time silver rallied from such oversold levels it soared 320% in just 8 months. A similar move would take the price of silver to a new all-time high of $65." David P... Europe http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/6/17_Historic_Breakout_Will_Launch_The_Price_Of_Silver_To_$65.html

Dust Update... confirmation that gold will keep moving up into Oct. 2014

With the speed that Dust is collapsing it may break below its wedge formation by Oct.

Platinum Projection for major low in mid 2015

Gold long term map - big volatility coming...

This chart shows possible gold price levels based on time projections which are highly likely imo. The final low in mid 2015 is in line with Martin Armstrong's view based on his ECM model, after that all hell will start to break out in the world of government debt and loss of confidence by the public, the high in gold will be at least $5,000. The Marxist idea that government can pile up debt and live beyond the taxpayers ability to pay for their lavish salaries and pensions is going to die. This is going to be a very difficult time in history.

Xau and GdxJ (on huge volume) are breaking out to the upside from their bull flags while Dust is breaking down from it bear flag...stocks are leading the metal

Gold Volume Study confirming that summer rally is coming

Junior Gold Stocks appear on verge upside break-out

Note the GDXJ inverse head and shoulders pattern with positive divergences in the indicators...