The Best Time to Buy Silver
If you are interested in silver and silver-related stocks it would be in
your best interest to take notice of the current extremes that have moved
into the silver market and understand what it means for the future of
silver. Bears beware!
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Every week, the Commodity Futures Trading Commission (CFTC) releases telling data to the trading public. The data provides a breakdown of long and short positions of three groups of traders - commercial traders, large speculators and small speculators. The report is known as the Commitments of Traders (CoT). The data provided by the CFTC provides some of the best intermediate to long-term directional indicators available, particularly when an extreme is hit. Currently, all three groups are in an extreme. This is a rare event and one that should be taken seriously as it is highly accurate in predicting the future trend in the market. Below is a silver chart and three CoT charts provided by Jason Goepfert of SentimenTrader.com, one of the best sites I know for providing accurate sentiment and seasonal data. spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer
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