The number of COMEX contracts standing for delivery of gold metal rather than USD has about doubled for the December gold contract versus the October gold contract.
The number of COMEX contracts standing for delivery of silver metal rather than USD has increased about 6 -7 times for the December silver contract versus the October silver contract.
You can see this data in chart form here:
Both gold and silver have broken their short term down trend lines. Another sign that their reaction to the down side is over.
Post a Comment