Bullion banks covered a massive number of gold and silver shorts, but here is the real shocker!
Commercials Cover Gold Shorts But There Was A Shocker This Week
July 21 (King World News) – Commercials have been covering more short positions in the gold market. (see chart below).
Commercial Short Covering In Gold
It will be very interesting to see next week’s report…
Mining legend Ross Beaty (Chairman Pan American Silver) is investing in a company very few people know about. To find out which company CLICK HERE OR ON THE IMAGE BELOW.
Commercials have covered more of their short positions in the silver market (see chart below).
Commercials Cover Additional Silver Shorts
Commercials have recently gone long the platinum market for the first time in more than a decade (see chart below).
Commercials Long Platinum For First Time In More Than A Decade!
In fact, you can see from the 24-year chart below that the commercials now have the second largest long platinum position in history!
Commercials Now Have 2nd Largest Long Platinum Position In History!
The sentiment in the mining shares is extremely negative right now and that is very bullish from a contrarian perspective. You have have also noticed that the miners have been hanging tough (at least up to now), despite the takedown in the metals. If you are accumulating physical gold and silver, just continue to purchase at the normal times each month if you are dollar cost averaging. Don’t be distracted by the manias in financial markets. Instead, stay disciplined and don’t try to outsmart the market as you continue to accumulate. For those of you who are accumulating your favorite high-quality mining shares, continue to dollar cost average in July.
***KWN has now released the powerful audio interview with Andrew Maguire and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
ALSO JUST RELEASED: WTF Is Going On? Andrew Maguire Now Says A Swiss Bank Just Refused To Hand Over Client’s Physical Gold CLICK HERE TO READ.
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