Silver has been trading in very volatile fashion here in recent weeks, but notice that it is doing so within a range coming off of deeply oversold conditions on multiple time frames. At the November low, the Commitment of Traders data showed the 2nd highest net long in the smart money commercial traders position in the last year, second only to the June low. The...
The US Dollar Index has been rising strongly for most of this year, coincident with a major decline in broad based commodity indexes. However, we are currently seeing signs that the current price level may be the end of this strong run and lead to a major consolidation - likely coincident with a rally in overall commodities.
This chart shows the daily Dollar...
"Smart Money" commercial hedgers in cotton futures have been basically net long since August of this year. In a hedgers market this rarely happens and so it should be viewed as of major significance for price fundamentals. The commercials typically are net short and use the futures to hedge their underlying tangible commodity position. So what this data is...
