#Gold & #Silver Bull Market Full Steam Ahead- even with the latest pullback!

This was originally set to be published on Jan. 6, 2020

Happy Golden New Year to All!!  May the wind be at your back! 

Due to New Year holidays Net Commitments of Gold and Silver Traders and the KITCO Gold Survey were not published. The statistics of the Christmas week were published and showed large speculators were increasing their long positions and commercial dealers expanding their short positions.

Commitment of Traders #Gold, data to Jun 28/16 #COT

Updated Commitment of Traders (data to Jun 28/16) attached, courtesy of Paradigm Capital

For the third week in a row, new records are being set...

The Speculative (Non-Commercial) Long position hit a record 373,128 contracts and the Net Speculative Position (Non Commercial Long minus Non-Commercial Short) hit a record 301,920 contracts.

(Record as far back as the data we have, which goes back to 1993)