Clive P. Maund
gold, silver, & oil shares

Silver Reports

Silver Market Update
Whilst acknowledging that “this time it could be different” we have no choice but to call gold and silver lower on the basis of their latest extraordinary COT charts, which reveal that the normally wrong Large specs are already “betting the farm” on this rally. This is especially the case with silver where the Commercial short and Large Spec long positions are already way in excess of what we saw at the March peak... Posted at 11.35 am EDT on 13th July 14.
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