Keeping It Simple

“The concentrated net short position of the 4 largest traders reached an historic level of more than 263 million ounces, up over 36 million ounces for the week. Please think about that for a moment. The 4 largest commercial traders just happened to have the largest net short position in the history of COMEX trading, and we dropped $2 per ounce in days. Do you think that was coincidental?”
– Ted Butler, commenting on most recent COT as of 2/27

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