No Longer The Safe Haven: The Dollar Is The Achilles Heel Of The Global Economic Reflation
SilverDoctors.com
February 21, 2018
Michael Ballanger says what worked from 2009 through 2017 will not work in 2018. Here’s what it means for gold…
by Michael Ballanger via Streetwise Reports
This week’s COT report once again confirms that the Large Speculators are arguably the stupidest group of gold traders in existence. To be certain, as criminality is to the Commercials, brainlessness is to the Large Specs. They are constantly long massive positions at major turning points in gold and silver and are consistently on the wrong side of the trade. Pundits love to refer to the Small Speculators as “dumb retail” or the typically green, blindly optimistic newcomer piling into gold futures after receiving an e-blast from one of the blogs praising the regenerative powers of gold and silver. However, I have been watching the Small Specs for a while now and they have actually been on the right side far more often, but without question, residing forever and a day in the House of Pain, are the Large Specs. The last two COT reports illustrate this point perfectly but first take a peek at the last 30 days of gold trading.
You can see how the gold market traded down in the two COT weeks ended February 6 and 13 amidst massive liquidation by the large speculators
The Rest…HERE
