Frankly, I need a graphic version of the report to really get an idea of the trend, but Silver’s Commitments of Traders (CoT) took a lurch in the right direction as of June 2 with large spec’s decreasing longs and increasing shorts and commercials increasing their longs.
Further, there was price damage in silver after this data was booked and it is a good bet that CoT made some good reparations on Wed, Thurs & Fri.
Again, it is the termination of a CoT trend that is important, not what the goons are doing in any given week. But reparations are in process. I have not produced Gold’s CoT because nothing much has been happening there. It was nowhere near as bad as Silver’s.
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