Ted Butler’s weekly Commitment of Traders review

Posted: April 10, 2010 in Gold, Precious Metals, Silver

There are a few interesting developments in Gold and Silver this week. 

1. There is no change in SLV inventory this week however we are down a net 9.5 million ounces of silver in the past six weeks

2. GLD added 300,000 ounces of gold last week and 800,000 ounces in the past 2 1/2 weeks

3. Commercials are adding short contracts, 70,000 in the past 1 1/2 weeks

4.  JP Morgan has not added any new contracts

Weekly review here 

Explanation of Commitment of Traders report

Recent Article from Ted Butler

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Comments
  1. […] will go out in a blaze of glory by adding short contracts.  If you look at my post from 4/10/10 you will in fact see commercials added 70,000 contracts in the past 1 1/2 […]

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