Bullion banks have been making moves in the gold and silver markets. Take a look…

Gold
July 9 (King World News) – 
The positioning by commercial traders in the gold market is net-bearish.

4-Year Chart Shows Commercial Traders (BLUE LINE) Remain Short The Gold Market

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Long-Term Gold Chart
Here is a long-term look at gold, where commercial traders remain bearish.

45 Year Chart Shows Commercial Traders Bearish On Gold, But Not At Record Levels

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Silver
Here is a look at the silver market, where commercials are also positioned in a bearish manner.

4-Year Chart Shows Commercial Traders (BLUE LINE) Also Short Silver

sentimentrader.com

Long-Term Silver Chart
Here is a long-term look at silver, where commercials remain bearish.

45 Year Chart Shows Commercial Traders Bearish On Silver, But Not At Record Levels

sentimentrader.com

There will be pullbacks and shakeouts along the way, but the gold market in particular has enormous power underneath it. This will lead to much higher prices over time as gold’s advance will certainly continue to surge toward the $2,700-$3,000 area. Meanwhile silver is headed back toward its all-time high. As for the mining stocks, they remain one of the cheapest asset classes in the world, but that will soon change.

As far as the US dollar is concerned, there is a great deal of negative press on the dollar, which could be viewed as a bullish contrarian signal. However, it does not matter where the dollar trades because all of the fiat currencies are garbage. The same was true during the 1970s inflationary period.

Shocking Parabolic Gold & Silver Moves Are Coming!
To listen to Michael Oliver discuss the shocking moves he predicts for gold and silver CLICK HERE OR ON THE IMAGE BELOW.

New Release!
To listen to James Turk discuss why the gold and silver shorts may be in for a 2010-2011 event that rips their heads off CLICK HERE OR ON THE IMAGE BELOW.

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