SILVER COT REPORT 6/29/12
Commercials picked up 1,144 longs but covered a massive -3,799 shorts to end the week with 43.27% of all open interest, a mammoth change since last week, and now stand as a group at -60,055,000 ounces net short, almost 25,000,000 less net short ounces from the previous week.
Technically, this is one for the history books.
Very few weeks have ever seen these huge percentage point changes!
what does this mean?
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