The Commitment of Traders Report

Silver

*The Large specs increased their long positions by 2,308, but increased their shorts by a mindboggling 26,607 contracts.

*The commercials increased their longs by 4,154 contracts and reduced their shorts by a stunning 17,474 contracts.

*To make the issue more confusing, the small specs increased their longs by a hefty 5,359 contracts and increased their shorts by 2,688 contracts.

Since those numbers were compiled, the silver open interest went up another 5,000 contracts. Good grief!

Gold

*The large specs reduced their long positions by 7,486 contracts and increased their shorts by 21,834 contracts.

*The commercials inceased their longs by 11,854 contracts and reduced their shorts by 17,707 contracts.

*The small specs increased their longs by 2,033 contracts and increased their shorts by 2,274 contracts.

The odds of gold and silver putting in substantial moves up next week are quite good.