Despite this week’s pullback in gold, the nightmare for the bullion banks continues.
Bullion Bank Troubles Continue, Despite Gold Pullback
August 15 (King World News) – Alasdair Macleod: These are the updated COT figures. Note how hedge funds (Managed Money) have cuts their net longs by 15,780 contracts. At net long 97,692 this is less than the long-term average net long position of 111,000 contracts.
Swaps (bullion banks) only managed to reduce their net shorts by 4,071 contracts. Net shorts on Tuesday’s closing price was over $33 billion…
To learn which company billionaire Eric Sprott just bought a
$10 million stake in click here or on the image below
Painful For Bullion Banks
The next chart shows net short position for swaps since 2006. Painful for Bullion banks!
KWN has now released this week’s audio interview!
***To listen to Gerald Celente discuss his warning of “hell on earth,” plus gold, silver, major markets, and much more click here or on the image below.
Gerald Celente – “The Future That I See Is Hell On Earth”
***ALSO JUST RELEASED: Gerald Celente – “The Future That I See Is Hell On Earth”… CLICK HERE.
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