These guys went record long tat the last major gold bottom…they are doing it again.
Pushing The Gold Price Around
March 13 (King World News) – Alasdair Macleod out of London: “The more I think about it the more convinced I am that because the bullion banks got themselves into such a deep hole, particularly going back to the beginning of this year, I think that the central banks and probably the Bank of England and Bank for International Settlements have been party to trying to get this market (gold) down so that these enormous, costly short positions that the bullion banks have can be closed. And if you stand back and look at it they have had some success at doing that.
These Guys Went Record Long Last Major Gold Bottom
I sent you an article today and what was fascinating is that the managed money category, which are basically hedge funds, their net-longs have gone down to under 30,000 contracts. But the problem that the bullion banks have is that they can probably get a bit more juice out of the managed money longs. However, the other reported category and the non-reported category are suddenly beginning to go even more long than they were before. And this is interesting because it was the other reported category which originally went record long at the bottom of the market in March of last year. Now they are…to continue listening to Alasdair Macleod discuss the action in the gold, silver and mining share markets CLICK HERE OR ON THE IMAGE BELOW.
To listen to James Turk discuss exactly what price targets to look for if the gold and silver markets have bottomed CLICK HERE OR ON THE IMAGE BELOW.
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