There is much to talk today as gold 0.23% and silver 0.00% prices trading in a very quiet manner today, This week could be quieter trading week as U.S Thanksgiving is on Thursday and U.S market will close early on Wednesday as many traders will be out from the market for the preparation of Christmas celebration-However we would like to inform you that our short-term position is well active in Yellow metal and we hope soon our silver 0.00% position will be active as well,
In our opinion, we believe that the quietness we are witnessing could be a major catalyst for the next major breakdown(final breakdown) from where the real fall in P. Ms 0.63% prices will start which we are waiting for and then you would be able to see the end of this Boring sideways movement
Please note-Large speculators increased their bearish positioning in gold futures 0.18% by 67% during the most recent reporting week for data compiled by the Commodity Futures Trading Commission, In silver futures 0.60% , money managers’ net-short positioning nearly doubled to 40,833 lots from 20,848, , At this point of time most money managers and experienced traders want further upward move in gold 0.23% and silver 0.00% prices so they can increase there short(sell) position size
Active Trading position details-Two long-term position is active in gold 0.23% and silver 0.00% and one short-term position is active in gold-
In our opinion, we believe that the quietness we are witnessing could be a major catalyst for the next major breakdown(final breakdown) from where the real fall in P. Ms 0.63% prices will start which we are waiting for and then you would be able to see the end of this Boring sideways movement
Please note-Large speculators increased their bearish positioning in gold futures 0.18% by 67% during the most recent reporting week for data compiled by the Commodity Futures Trading Commission, In silver futures 0.60% , money managers’ net-short positioning nearly doubled to 40,833 lots from 20,848, , At this point of time most money managers and experienced traders want further upward move in gold 0.23% and silver 0.00% prices so they can increase there short(sell) position size
Active Trading position details-Two long-term position is active in gold 0.23% and silver 0.00% and one short-term position is active in gold-
