A key market is now in serious trouble as banks have established near all-time record short positions.
Commercials Near All-Time Record Short Positions In Oil
Below you can see the commercial short positions in the crude oil market are now close to an all-time record as the commercials have been dramatically increasing their short bets as the price of oil has rallied (see remarkable chart below).
In sharp contrast, look at the commercial short positions in the gold market…
To hear which legend just spoke with KWN about $8,000 gold and the coming mania in the
gold, silver, and mining shares markets CLICK HERE OR ON THE IMAGE BELOW.
Commercial short positions have been dramatically reduced as they have been covering their shorts as the price of gold has declined for seven straight weeks (see chart below).
The bottom line is that both of these markets may be near major reversals. Oil will be particularly interesting to watch as the commercials are really piling on the shorts into the rally in crude.
***To listen to this powerful KWN audio interview with Rick Rule, where he discusses the gold and silver smash, what is really happening with India, and much more, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: As We Come To The End Of 2016, China, Israel And Russia Are Dominating Key Areas CLICK HERE.
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