Image Source: Unsplash
While gold and silver prices have rallied over the past week and a half, and have left some investors wondering if we're in the beginning of a break-out, the latest COT report shows that the banks were once again shorting the metals as the price rose.
Which would typically suggest that a correction might be in our future.
We've seen a little bit of that today following this morning's slightly higher-than-expected CPI report. And Andy Schectman of Miles Franklin checks in to share what he's seeing, and whether the rally is likely to continue.
Video Length: 00:26:33
More By This Author:
Gold Overbought By 'Hot Money'
Central Banks Keep Buying More Gold
1970s Are Repeating For Gold, Too, Not Just Silver
Comments
Log in or sign up to join the conversation.