Daily Market Report

Watershed Moment in the world of paper gold and silver…

In my view, the information below tells me the direction of gold and silver is going to start moving higher.

This is a very brief update on the September 4th COT Report 

 

Last Friday's COT Report for gold and silver from September 4th was arguably the most bullish report I have ever encountered since first covering it in 1998.  Not only do we have the Commercials net long 6,525 contracts of gold and 13,967 ounces of silver, we have Large Speculators simutaneously net short 13,497 ounces of gold and 30,158 of silver.  To have the Large Spec algobots this exposed to the asesome power of the bullion bank traders is unprecendented and will probably set up an epic battle and one for the record books.

This will go down as a “watershed moment” for those of us expecting a big rally in gold and silver.

Have a great Monday.

 

Investing in Precious Metals

Many Investment advisors recommend precious metals as part of a properly diversified portfolio to provide capital appreciation, liquidity, and a hedge against conventional paper assets. Because precious metals are counter-cyclical to paper assets, a diversification into gold, silver, and platinum can therefore reduce the total risk of your overall portfolio and preserve your wealth. History supports the premise that investment in precious metals is the best protection against uncertainties in the future.

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