With what little bounce activity gold and silver had experienced by Tuesday (CoT cut off date), the data show a jump in large speculators’ active bearishness and commercial entities longing and shorting gold. The Spec’s activity at least is productive.


In silver the large spec’s were net shorting last week with commercials getting less long.


All in all fairly meh reports on top of last week’s bullishly aligned reports (not noted here due to time constraints, although noted in NFTRH).

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