29.07.2011 - A new bottom may be emerging for silver in upper $30 level
The commitment of traders is released each Friday by the futures market regulator, the CTFC. Whereas there are plenty of concerns with the CTFC’s involvement in the futures market, generally the COT data proves to be a very important tool in understanding market highs and lows. The real function of the futures market, outside of finance, is to allow buyers and sellers to exchange fungible products (commodities) on a central exchange. Buyers and sellers can also hedge their future purchases, thus keeping the namesake of the futures market..............................................Full Article: Source
Print