Let’s Consider Silver’s Very Low Numbers $SLV, $GLD The Devils Metal will bounce right back up in symmetrical proportionally when the short covering begins to happen. Let’s consider silver’s numbers. The 52-wk low in specs’ silver-futures shorts was 41.5-K contracts in mid-September 2017. Getting back there would require an astounding 78.6-K contracts of short-covering buying. […]
Traders Buying Corn, Selling Soybean and Wheat $CORN, $SOY, $WEAT Speculators were pegged last week by trade sources as net buyers of Chicago-traded Corn, Soybeans and Wheat, but their Corn views did not budge, and they were net sellers of Soybean and Wheat. Despite a drop in exportable Wheat supply worldwide, US exporters have yet […]
Crude Oil Taps 3-Month Lows, US Supply Glut Swells $OIL, $USO, $BHI Crude Oil (OIL, USO) hung around 3-month lows Monday on rising inventories and drilling activity in the United States. After 2 + months of reduced production from the Organization of the Petroleum Exporting Countries (OPEC), the market is facing evidence that US production […]