Gold shorts cover, Silver shorts add?
JPM Likes Gold More
Good Afternoon.
About to get full blown bullish here and looking for unseen risks. Spent much of the morning with Geopolitical stuff looking to see what is going on in Middle East. Some of that is shared below
Summary:
Gold Shorts Covered, Silver did not- CTA report confirms Sunday discussion
Israel is now a real wild card- it’s beyond Gaza now
JPM’s Kolanovic gets more bullish on Gold- That’s actually not good
Gold Shorts Covered
TD’s latest CTA report today (see attached) shows Gold shorts covering aggressively the last 2 days confirming our analysis Sunday and (Monday’s special post). What it also shows that is a little surprising, but not foreign, is Silver CTAs got shorter again Monday after covering some on Friday.