Silver shines in ETF purchases

Market Pulse: October 1

COT Data

On the weekly chart, you can see how this past week on the legacy report Commercials are now at a 52-week net short low of -51,659 contracts. The more transparent disaggregated report shows producers adding to net shorts now at -43,740 contracts. Swap dealers are now net short -7,919, (look back to early 2011 to see the last time this happened), and Managed Money increased net longs to 31,354 contracts.

 

If you need help understanding how to understand how to use the NEW COT report to your benefit get instant access to my new e-book "What Lies Beneath ALL Trends". It is filled with eye opening information.Commercial Net Tracker instructions: This form tracks the Commitment of Traders (COT) data for the commodity futures market. This form "looks" at the most recent five weeks of COT data and provides visual indications of the data. A) If the current value is at a 12-month low, the cell will display a red/burgundy background. B) If the current value is at a 12-month high, the cell will display a green background. C) If the current value went from net negative to net positive, the cell will display a blue background (indicating a bullish condition). D) If the current value is both a 12-month high and also went from a net negative to a net positive, the background will be green. You should view the data with green backgrounds to determine if they also went from net negative to net positive.

Proceed to Page 3 for this week's detailed fundementals...

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