by Dan Norcini
This one will be brief…
Let’s stat with the overall NET POSITIONS chart:
[…] As you can see the Battle Royale between the titans of the Silver pit, aka, the Hedge funds versus the Swap Dealers ( and Commercials) continues unabated.
Once again another new all-time record high for the hedge funds against a new all-time record high for the Swap Dealers in their Net Short positions. Commercials remain well off their peak net short position scored some seven years ago.