vrijdag 4 augustus 2017

COT Report Not Looking Good

A huge reversal happened in just 2 weeks. Managed money shorts all covered now, which means gold is not looking to well and might have topped out.

Silver is a bit more bullish, could go to $17/ounce, but is also weakening. And with today's beat in the jobs report, things might have changed for the worse for precious metals. I would be cautious.

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