With the price of gold seeing a huge advance in the past month, central banks see a massive $2.2 billion in losses on gold shorts but here is why it may get much worse.
“Good Night Irene”
June 30 (King World News) – Lawrence McDonald, Former Head of Macro Strategy Society Generale: “Good Night Irene, Colossal Implications here (for the US Dollar)….(See chart below).
MAY GET MUCH WORSE FOR GOLD SHORTS: “Good Night Irene” – US Dollar Is Cooked
Government-Backed Bullion Banks Shorting (Capping) Gold
James Turk: “Comex gold open interest up 158k contracts from April as price surged $140. So new shorts lost $2.2 billion of market value. Who takes huge losses like these? Only central banks trying to cap gold price in a futile attempt to fight reality of their mismanaged fiat currencies. (See chart below).
MASSIVE LOSSES ON SHORTS…WHO CARES? Government-Backed Bullion Banks See Huge Losses On Shorts As They Cap Gold’s Advance
This Is Remarkable
READ THIS NEXT! This Is Remarkable, Plus 3 Absolutely Shocking Charts CLICK HERE TO READ
***KWN has now released an extremely important audio interview with Dr. Stephen Leeb discussing why he believes that the price of gold will soar above $10,000 and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
More articles to follow…
In the meantime, other important releases…
Stephen Leeb – There Is An 80-90% Chance Of This Happening In The Gold Market CLICK HERE TO READ
Bullion Banks And Commercials Ramp Up Short Positions In Gold & Silver CLICK HERE TO READ
BULLISH GOLD CATALYST: Albert Edwards – Beware A US Dollar Slump CLICK HERE TO READ
When It Comes To The Gold Market, “That Attitude Will Change Over Time” CLICK HERE TO READ
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