Bullion banks are now long the gold market for the first time in 17 years!  They also massively increased their long (for the first time in history) silver positions as they continue tightening the noose around hedge funds and speculators that are massively short the gold and silver markets. Now they are preparing to unleash a historic short squeeze.

First Time In 17 Years Bullion Banks Long Gold!
September 7 (King World News) – Commercials are now net-long the gold market for the first time in 17 years!  Below you can see the commercials being net-long gold, even without the data from this week’s action being reflected yet 
(see chart below).

First Time In 17 Years Commercials Are Long Gold!

It will be very interesting to see next week’s report…

KWN receives so many emails from its global readers and listeners about which high-quality mining companies they should invest in, and as a result we have added another remarkable company to the list.  This is one of the greatest gold opportunities in U.S. history and you can take a look at this remarkable company and listen to the just-released fantastic interview with the man who runs it by CLICKING HERE OR BELOW


Long-Term Chart Shows Bullion Banks Turning Bullish Gold
Bullion banks and commercial hedgers have been taking the other side of the trade (from hedge funds and small speculators) as they are now long the gold market for the first time in 17 years! (See chart below).

24 Years Chart Of Commercial Positioning In Gold!

Silver Shocker!
For the second week in a row the bullion banks and commercial hedgers are long the silver market (for the first time in history).  Here is a look at the past decade of commercial short positions in the silver market (see chart below).

SILVER SHOCKER: Bullion Banks Long Silver Position Surges!

Here is a long-term look at commercial short positions in the silver market, which shows commercial hedgers’ long position in the silver market exploding higher this week (see chart below).

Here Is The Commercial Silver Shocker On A 24 Year Chart!

Stay Disciplined
We have already witnessed large scale capitulation in the gold and silver markets, both in the precious metals and the underlying shares of the high-quality companies that mine and explore for the metals.  We may have already seen the bottom of the gold market when it hit $1,160 in overnight trading in Japan during the final stages two weeks ago during the brutal takedown.  So $1,160 will be the key number to watch in the short-term.  For those who are taking advantage of this historic capitulation, the odds greatly favor a major upside reversal.

***KWN has now released the timely and powerful audio interview with legend Pierre Lassonde and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.

ALSO JUST RELEASED: Bill Fleckenstein Discusses A Huge Story Unfolding In The Gold Sector This Week CLICK HERE TO READ.

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