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Silver: Smart Money Currently Positioned Hugely Long

  • Written by Syndicated Publisher No Comments Comments
    August 15, 2013

    The lower right chart reflects the most recent COT numbers, reflecting that smart money traders have accumulated a very large long position in Silver.  Why do I say smart money? Only due to the fact that other times they took this position Silver rallied.

    CLICK ON CHART TO ENLARGE

    The lower right chart reflects the most recent COT numbers, reflecting that smart money traders have accumulated a very large long position in Silver.  Why do I say smart money? Only due to the fact that other times they took this position Silver rallied.

    The upper left chart reflects that Silver Monthly is on a 10-year support line with a small bounce taking place of late.

    Metals members were informed that the Gold Bugs index (HUI) created a very large bullish wick last week at a 13-year support line and a possible bullish inverse head & shoulders could be in play!

    Republished from Kimble Charting Solutions Blog » “Smart Money” huge long position right now in Silver!.

    Images: via Flickr (licence attribution)

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