Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

COT numbers are about as expected.......

The non commercial small traders reduced their long and short positions in both gold and silver.

The commercial traders reduced their short positions in gold and silver while increasing their long positions in each.

In my view, a bullish divergence lending support to the bottom being in school of thought.

http://www.cftc.gov/dea/futures/deacmxsf.htm

Dan