Gold/Silver COT Charts

Money Managers are piling on long (Hedge Funds?)

And the Commercials are going short as JPM has to hedge the positions sold to the longs.

It makes up for a bullish position with prices at their lows.

Similar to the 2008 lows.

Gold - Commercials vs Non-Commercials

Gold - Disaggregated COTs - Money Managers going long - Swap Dealers going short

Silver - Commercials vs Non-Commercials

Silver - Disaggregated COTs - Money Managers going long - Swap Dealers going short

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