Bullion banks covered a large number of gold shorts, plus a look at silver.
Bullion Banks Set To Crush Hedge Fund Gold Shorts
August 3 (King World News) – Commercials have been covering even more short positions in the gold market as they prepare to pick the pockets of hedge fund shorts. (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.
Danger For Gold Shorts
Hedge fund shorts have now reached extreme levels as commercials (including bullion banks) take the other side of the trade and prepare to teach them a lesson about the dangers of being in an extremely crowded trade (see chart below).
24 Years Chart Of Commercial Positioning In Gold!
Here is a long-term look at commercial short positions in the silver market (see chart below).
24-Year Chart Of Commercial Silver Shorts
The sentiment in the mining shares is extremely negative right now and that is very bullish from a contrarian perspective. 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 the rest of August.
ALSO JUST RELEASED: Andrew Maguire – Gold Market Set To Spike Violently Higher, Crushing Hedge Fund Shorts CLICK HERE TO READ.
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