On the heels of a rally that sent the price of gold back over $1,300, the commercials have covered more gold and silver short positions.
Gold & Silver
March 15 (King World News) – Commercial hedgers covered more short positions in the gold market (see chart below).
Commercials Cover More Gold Shorts
Commercial hedgers also covered more short positions in the silver market (see chart below).
Commercials Also Cover More Silver Shorts
It will be very interesting to see how the commercials are positioned in next week’s COT report. Until then, gold has pushed back to close the week at the key $1,300 level, roughly $40 away from hitting a new recent high.
***KWN has now released the powerful KWN audio interview with Gerald Celente and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***Also just released: Rick Rule: It’s Happened Only Twice In My Lifetime – Expect Demand For Gold & Silver To Quadruple CLICK HERE TO READ.
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