Update on the War in the Gold and Silver Markets

from King World News

Below is an update on the war that is raging in the gold and silver markets.

The following charts are from Jason Goepfert at SentimenTrader.

There were very little changes in the COT reports this week. What they showed was a bit of short covering on the part of the commercial hedgers (see gold and silver COT charts below).

What Does It All Mean?

What this means is that gold and silver may still head significantly higher, but they remain vulnerable to the possibility of a pullback in the near-term.

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