For the second week in a row, below is one of the more interesting gold and silver reports King World News has released. It gives KWN readers around the world a look at what the big money is watching in the gold and silver markets.

July 23 (King World News) – King World News note:  Below you can see the latest report showing bullion banks and commercial traders have further reduced their net short positions in the gold market:

10 Year Chart Shows Commercials Covering
Gold Short Positions On The Latest
Takedown In The Gold Market

The multi-decade chart shows bullion banks and commercial traders are getting very close to being positioned in a bullish manner in the gold market. It is possible the gold market may bottom here, but commercial traders typically have short positions of less than 100k at major bottoms and we are not quite there yet. Next week’s report may show commercial traders finally back below the 100k net short level. KWN will continue to keep our global readers informed when this takes place.

The Multi-Decade Chart Shows Commercial Gold
Short Positions Closer To Bullish Levels

The setup in the silver market has turned extremely bullish in terms of the latest report. Bullion banks and commercial traders are now in one of the most bullish postures in the past decade.

The Commercial Traders Are Now In One
Of The Most Bullish Positions
In The Last Decade

Below is a multi-decade look at how bullion banks and commercial traders have been positioned in the silver market. There is no question the setup in the silver market is extremely bullish at this point from a historic perspective.

Multi-Decade Chart Shows Commercial Traders
Positioned In A Very Bullish Manner
From A Historic Perspective

For those who dollar cost average their purchases in physical gold and silver, remain disciplined and continue purchasing at the same time monthly or quarterly. Do not get cute and try to time these markets.

But for those who are looking to accumulate physical silver for the first time at cheap prices or simply want to add to their existing hoard, right now and on any further weakness it is a good idea to be extremely aggressive in accumulating physical silver, even though it is possible the price may go even lower in a global liquidity crisis.

***To listen to Gerald Celente discuss why the price of gold today should be $2,500 and silver $70-$100 as well as what surprises to expect in the back half of this year CLICK HERE OR ON THE IMAGE BELOW.

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