As we kickoff trading in the second week of September, here is where things stand in the gold and silver markets.
Gold & Silver
September 9 (King World News) – Ole Hansen Head of Commodity Strategy at SaxoBank: “Gold and silver positions held by long and short term investors through ETF’s and Futures (COMEX). The latest data point was last Tuesday, September 3 (see below).
Record Hedge Fund “Paper” Gold Long Positions
Hedge Fund & ETF “Paper” Silver Positions
Precious metals continued to be bought ahead of the abrupt sentiment change that emerged after last Tuesday. The gold net-long rose by just 1% to reach a fresh record of 291k lots while silver reached 63k lots following a 10% increase. (See below).
Record “Paper” Gold Positions For Managed Money
“Paper” Silver Positions Well Off Record Highs
