by Summary:
Commercials in gold and silver hold the smallest short position in years, while speculators are moving toward being net short for the first time in years.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Commercials in gold and silver hold the smallest short position in years, while speculators are moving toward being net short for the first time in years.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Lars Pålsson Syll writes Cutting-edge macroeconomics …
Robert Vienneau writes A Letter From Marx To Engels In 1858 Outlining His Critique Of Political Economy
Lars Pålsson Syll writes Cutting-edge macroeconomics …
Lars Pålsson Syll writes The greatest of them all
| Commercials in gold and silver hold the smallest short position in years, while speculators are moving toward being net short for the first time in years. |
c'mon.. it's not fair that get to sit there and make profits by themselves…. they need to give up their seats for some other fed governors to make money. these bankers didn't spend their lives stepping on bodies so they can hand out cookies to children. I'm glad to see them redistributing some of that wealth amongst themselves. Powell has money invested through BlackRock… time for him to share the wealth too.
AG CEO saying electric vehicles and Solar will drive silver much higher over next decade. Will be interesting.
In other news barber said I could use a haircut.
Does that mean we're in a market bottom in gold and silver at least? Thanks for all the insights
That's what it suggests to me. But we may still have to wait a little bit longer.
@Mike Norman MMT Economics $19 silver would be fantastic as a waiting bug
This is an advertisement for future insider trading….you get a slap on the wrist and you get to keep the money!…..where do I sign up for this?
Despite the economic crisis, this is still a good time to invest in Gold and crypto
That won’t bother you if you trade with a professional like Chris Anderson
@Daniel Chris I heard his strategies are really good
@Robert your wrong on this because you haven't tried him yet,you don't come up with what you know nothing about
@Robert you better invest with a trusted trader to avoid loosing your dividends
There isn’t an economic crisis. Not sure what you consider a crisis, but a booming economy, low unemployment, inflation in check, GDP growing strong, average income at an all time high… Most economists would think that is about as ideal that it gets.
It's a shame Jerome Powell can't fire all the Congress Critters that are insider trading of course that would mean most of Congress. And the debt ceiling the Republicans are still trying to keep the illusion alive. Learn mmt please
Time to occupy wallstreet again the Apes march on washington
i'm looking at the charts of GLD, SLV & PPLT. they all have 1 thing in common the 200 day MA is trending down, is this a sign that interest in the PM industry has taken a bath post "covid"?
It's crazy because I actually trust JPOW – he seems like a genuinely good dude who stands for what's right. PFOF is a f*cking joke. Ton of unethical sh*t in finance – this will drive us to Communism. Who TF can trust capitalism after this – I'm sure all the douchebags in/at the FED at trading on insider policy knowledge either through themselves or through trusted 3rd parties.
You're a smart guy Mike, why do you like gold so much? You dig it out out of the ground, melt it into bars and then put it back into a hole in the ground. What's the point of gold?
Everyone wants it.
@Bob Anderson Well I don't. Is there something I'm missing?
@Taco If someone gave you a ounce would you take it?
@Bob Anderson I wouldn't buy gold with money. If someone gave me free gold I could sell for other stuff yeah I'd take it. Thought the MMT crowd was diametrically opposed to goldbugs since the goldbugs rag on MMT being wrong all the time.
"They're printing money" That's the goldbugs. Interesting to see that Mike is also a goldbug.
@Taco Mike say's he's not a gold bug.
Great work as always!!!!
Loved the MMT Report today!!! Very telling!!!!
I've looked at the COT report (for 21st Sep, as I can't find the one for Friday 24th), and it seems to be the complete opposite of what you've stated here. Am I doing something wrong? If so, what?
For instance, Gold producers are 12.6% short vs 3.1% long. Swap dealers are 48.3 short vs 14.6% long. Speculators are 35.9 long vs 7.3 short.
Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 3.1 12.6 14.6 48.3 6.5 24.3 14.8 3.2 35.9 7.3 3.1: 9.3 4.2
https://youtu.be/67qGBPmPEZ0