Good afternoon my friends. After yesterday's close we receive the "Commitment of traders" report. This report is issued by the Commodities Futures Trading Commission (CCFTC) every Friday at 3:30 p.m.Eastern US Time based on numbers as of the prior Tuesday.
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Remember we use this with the understanding that the small speculators are usually wrong. The Commercials almost always on the right side of the market. I'll put my money on where the Commercials are. When I have not, I've paid for it! Silver, by the way is as bullish.
The seasonal chart of gold is worth noting. It is a rough blueprint of what the "odds" favor timewise. It is just that...."worth being aware of, and no more". But I personally feel early November through February '19 will see a scintillating move in the metals. I very likely has begun but will likely be choppy for a short while longer. The COT report is just too spectacular for serious metals investors not to be a bit excited about.
The Commercials are bullish now (with all the pessimism) on the 10 yr. US Treasury and short the dollar.
See the 228 year chart of gold compliments of Egon von Geyerz the Swiss gold authority. Where do you feel gold is headed over the next few years?
We will comment on the Dow and any short term damage that's been inflicted recently. We will see if BTC has any prospects to rally significantly any time soon very shortly.
Thank you for your support. UPVOTE and RESTEEM.
I imagine that the “paper” holders of gold will eventually even want the real asset so that will make the demand be even higher!
I believe that.
That short on the dollar by the Commercials is EYE POPPING!
you bet..and you know this admin. is not going to stand for higher rates and dollar..(trade war with China..just for openers).
R.I.P. "Strong Dollar Policy"
Thanks for the info.
you're welcome..exciting times coming.
Great post, thanks. I have now turned bullish on Gold very short-term, but i remain skeptical about long term for the moment. I'm most bullish on Silver, as you know. Let's hope i am proven wrong on Gold.
actaully ( and the goldsilver ration spells out) silver has the greater upside..agree..it will be interesting! (thank you.)
Very bearish on gold. That chart shows me that it has exploded in price over last 30 years...will be a sizable correction to soon follow. Might see $1300/oz and as high as $1500/oz (highly unlikely) but it’s coming down. Much lower, sub $900/oz.
Also bearish on silver long term too
Amen brother, you may enjoy my latest post~of~reality! Also, tha futures are thru tha roof ~ Aieeee!! Rock On . . .
thanks for the opinion..we'll have to see..
Short Squeeze Incoming!!!
has to.
Peter Schiff likes where gold is going. Lol
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LOL...indeed..(thnx.)