Posted 17 January 2005 - 06:54 AM
Is the NT downside for gold almost over? Probably. So have the commercials covered much of their short position? The charts below suggest they have, but the COT (dated Jan. 11th) is less clear.
COT gold data
Still very short silver.
COT silver data
You know, for such a volatile sector, I am surprised there is not more interest shown here on this board. Long and short, the volatility is great if you are trying to trade it up and down. I can show charts that show this versus many other indices.
cheers,
john
Edited by SilentOne, 17 January 2005 - 07:02 AM.
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
