Au & Ag CoT

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Well that was fun, wasn’t it?  Posting was light today because I had life to go about and I am not going sit here and call play by play on this foolishness.  It is what it is. Anyway…

As of Tuesday the CoT continued to suck for Au…

gold cot

…and Ag

silver cot

Now Tuesday was of course the slippery slope into this mess:

gld.slv

I will tell you this though; the CoT had better show some improvement next week after these two assaults or else we’ve got the posse from Butch Cassidy and the Sundance Kid after us… “who are those guys?”

These take downs are coming routinely now and they could well be in preparation for coming policy.  The USD is weak and probably needs to be made to look stronger.  Think about it.

Anyway, I do not blame things on evil cabals and scumbags in high places.  They have to be accounted for and the CoT has shown us their footprints each and every week since September.  Risk management has got to account for what is, not our noble vision of what should be.

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