Saturday, December 24, 2011
The latest COT report on silver is sure to be the talk of the town among precious metals bulls. It is, in short, amazingly bullish. Without any further rambling, here is the latest COT report for silver courtesy of Software North:
To see the commercials at 42% bullish on silver is mind blowing for those silver bulls that follow these reports. To put the current set-up in perspective, here's a 4 year chart of the weekly COT data in a different format, courtesy of timingcharts.com:
What does this set up mean? Well, it means you should be buying silver! Specific trading recommendations reserved for subscribers.