We all know there is a pretty rare position in silver COTs at the moment, but I thought I’d take a look at gold. I’ve read reports that it isn’t as favourable. Looking back, I don’t think I agree. Without going into what each of the lines means in terms of the commercials/speculators etc, you can see that they’re at levels which (historically) are very supportive of a long, sustained bull market. That’s pretty much all you need to know.

Also, take note of what the TRIX indicator is telling us.