Craig Hemke - Gold CoT Report Update, Copper Strength, & War Headlines
The KE Report Jun 2, 2026
Summary
Gold and silver face short-term volatility from geopolitical headlines, but structural support remains from global M2 money supply expansion driving hard asset re-pricing.
Copper's push toward all-time highs provides a fundamental floor for silver prices, with industrial demand acting as a critical safety net for precious metals investors.
Historically low COT open interest signals massive upside potential when institutional capital returns to commodities markets amid thin liquidity conditions.