Founders and Subscribers who listened to this week’s Discussion will note the information attached confirms our own independent analysis. That being: Gold has weathered a significant disinvestment from speculators and held above $2,000.
Silver, while not faring as well due to it being lumped in with Copper as an economic metal, now is net short by speculators. This means, while the mega-rally is not necessarily here yet. It is getting closer.
First, here is Bob Coleman, Idaho Vaults CEO, GoldFix Founder, and colleague who was first in our own circle to note the Silver situation changing Friday.
The Commitment of Traders report just saw managed money go short Silver. How important is this? Over the last 2 years these readings have correlated with price bottoms.
See the highlighted upper price chart and the lower dis-aggregated report chart (managed money is the blue line).
Next, here is Goldman’s CTA update dated today adding fuel to that fire with commentary/translation included. This is the best CTA analysis out there in our opinion.
