Comex Cot entrails...The long positions held by hedgies and stuff getting bigger while the bullion banks appear unable to reduce their short positions further.
With a rising bond yield why are hedgies increasing their long?
It would seem that the demand for physical delivery is upon us. Tsk Tsk what will Comex do? I guess they will have to deliver. It looks we are at a new trend point which can only increase the price and the paper price showed that yesterday. After an initial fall the price turned around.
The last thing the Fed wants is that yield to continue a steep upward trajectory. Why pass a stimulus bill and then have an asset crash because the bond market has a tantrum. Operation twist has to come into play.
It seems clear the gold silver market is geared up for a swift rise.
KNT on TSX had a large cross of around 1.2m shares in the last seconds of the market. What was that about?