SI leads

17 Jul 2014

Considering whats been happening in metal this week starting with the Monday massive dumping of gold futures, this duo is surprising resilient, especially silver. As mentioned before, COT shows aggressive GC net short by commercial suggesting this down move will come, no surprise there. Question, is what's the reason for the massive dumpings starting Monday? If it's a naked short, we should expect a V-shape short cover soon. At any rate, I won't go short on these two. In fact, waiting for what might unfold to be one of the greatest run in metal history.