COT Data Summary

This short post is going to provide a summary of the relationship between positioning and price with regards to Gold and Silver. Do as the banks do and not what they say!

This short post is going to provide a summary of the relationship between positioning and price with regards to Gold and Silver:

Overnight we have seen gold surge past $3,400 (£2,550) and it appears to be on the path where it just wants to go higher and higher. Silver is hovering around $33 at the time of writing.

Gold will likely correct sooner rather than later (that is the Contrarian in me) but until then, it clearly is a case of onwards and upwards.

Banks and Funds will always be positioned in gold and silver. Their respective positions help to tell us what they are thinking and what will likely happen to the prices moving forwards.