From a Goldtent Reader ( Thank you Peter for the kind words and this analysis)

Allow me to start off by complementing you on a ‘super website’

I’ve become hooked on the ‘tent’ and visit every day

Your site has allowed me to know all there is to know about the ‘virus
from Wuhan’.

My reason for writing is to try to encourage some of the ‘stackers’ and
‘gold-bugs’ who are becoming discouraged.

The technical picture for both gold and silver is the most bullish it
has been since May-June 2019, judging by the COT (Commitment of Traders)
reports.

As of July 19/22 commercial net short positions comprised just 21% of
the total. The average at gold bottoms is around 40%. The last time
the net position was this low was May 2019. Gold back then traded at
$1285.00 and by August it had advanced to $1527.00, a 19% advance.

The COT report for silver is even more bullish. The July 19th number of
commercial silver short positions was just 8% of open interest. The
last time the number was this low was June 2019. Silver was trading at
14.97 back then and by August the price rose to 18.34, a 23% advance.

Keep up the good work!

Peter Degraaf itiswell@cogeco.net, (for a number of years contributing
to Kitco.com, Gold-Eagle.com and half a dozen other site