THE DOT - if this turns orange or red be alert

Sunday, August 13, 2023


 Silver the good news is that Bullion went long like at the low in Aug last year. COT says they are neutral but Fridays rise in OI by 3k rather increases the chances they are long around 3k while CTAs were short 4k and may have added 3k. they made a dramatic shift last week with 16k in a capitulation. Well in 2022 Bullion went as high as 30k longs at some point while CTAs were massively short. The coming week I rather see an upside bias but the week of the BRICs summit volatility will rise and another downside move may add to the Venus Rx choppiness before we have the floor to start the substantial up move in Sep as I also expect a brief bounce for stocks next week followed by more downside into 4th Sep Venus stationary. Uranus going stationary 29th will add some vol to the markets.

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I am a professional independent trader