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Commitments of Traders Reports

by Dan Norcini
Trader Dan Norcini

Following are some charts detailing the positioning of the hedge funds in both the silver and in the gold markets.

Note the build in the longs and the reduction in the shorts as those funds who gambled on a breakdown in the price of the metals and sold them down near their support levels, were caught flat-footed and forced to cover.

The first chart is that of Silver:

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