Commercial is the most short silver since october 2009 and at levels similar to silver´s 2008 highs.
The COT INDEX is giving a strong sell signal for silver. When commercial is selling heavily, large and retail are buying heavily. Commercial is currently at 0, large is at 98.92, with retail at 100 When Commercial is selling with large and retail buying, silver 2011- to date has sold off.
The COT INDEX is giving a strong sell signal for silver. When commercial is selling heavily, large and retail are buying heavily. Commercial is currently at 0, large is at 98.92, with retail at 100 When Commercial is selling with large and retail buying, silver 2011- to date has sold off.
Commentaire:
More charts in the comment section. If silver rallies and gold continues to sell off. IMHO a huge bull trap could be setting up. I could be 100% wrong like I was with the last silver call. So a stop is a must have.