Commodity Trade Mantra

Posts Tagged ‘COT Reports’

Bullion Banks Target the 200-Day Moving Average in Gold a Third Time this Year

Twice previously this year, The Banks have managed to maneuver the gold price down and through the 200-day moving average. On these prior occasions, the speculator selling that followed allowed The Banks to buy back & cover large amounts of their perennial short contracts. And how far might gold prices fall if The Banks can pull this off again? Well, just as in May and July, not too far really.

The Silver Conspiracy

I truly believed the manipulation was limited to a small handful of COMEX insider firms & individual traders. No more is that the case. Despite not looking for a conspiracy, the greater weight & flow of the evidence convinces me one exists in silver. It is not just a small group of traders involved, but has now grown much more.

Silver Yet Facing After Effects of a Brutal 3 Year Bear Market

The silver market sentiment is still not great & many silver bulls have been shocked. But that’s the important point— when a market is as oversold, underloved & underfollowed as silver, you should actually be expecting some big moves to the upside. Exactly when everyone thinks the bears can’t be beaten, the market turns decidedly bullish.

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