STOCKS OF SILVER

[DiscoverGold]

Still Work To Be Done In Silver?

* Saturday, October 29, 2011

Most likely.

Commercial traders' (smart money) long and short postions showed massive long buying and short liquidation towards the end of the D-wave decline in 2008. This was the perfect money flow setup. A similar setup is underway in 2011. Massive short liquidation, defined by statistical concentration, will likely mark its end in 2011-2012.

Silver London P.M Fixed and the Commercial Traders COT Futures and Options Stochastic Weighted Average of Long & Short As A % of Open Interest


Smart money wants (needs) to cover its shorts. Who will be the source of selling?

Silver's bounce from the October low has attracted retail buying (see red circle). Smart money will likely target thse new longs in effort to further reduce their short positions as they did in 2008.

Silver London P.M Fixed and the Commercial (C) & Nonreportables (NR) Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest


Hi Eric is it possible for us to make the chart Silver or Gold COT ZScore weighted average of long and shorts as a % of OI?

It is ineteresting to see how that % evolves in the coming weeks before we will/could have a real advance out of these prices.

Gretings and thanks for the site.

Bert

http://edegrootinsights.blogspot.com/2011/10/still-work-to-be-done-in-silver.html

George.