zaterdag 12 juli 2014

COT Shows That Gold and Silver Prices Have Peaked Out in Short Term

Looks like the chances of lower gold and silver prices next week is very high.

Look at all those commercial shorts piling up. The banks are trying to get a lid on the rising gold/silver price.

http://snalaska.com/cot/current/charts/GC.png

http://snalaska.com/cot/current/charts/SI.png 

Managed money shorts (red chart) have covered their shorts, while the gold/silver price (blue chart) is peaking.

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