Below is a quick update on the gold and silver markets.
Gold & Silver Update
June 28 (King World News) – Ole Hansen, Head of Commodity Strategy at Saxo Bank: COT on metals in week to June 23: Funds bought gold for a second week with the 23% increase lifting the long to 176k lots, a two-month high. (See below).
Managed Money Increased Long Position In
Gold For The 2nd Straight Week But
Remains Well Off Peak Levels
Hansen also noted the managed money long position in the silver market, which also remains well below peak levels (see below).
Managed Money Longs Also Remain Well Below
Peak Levels In The Silver Market
***To listen to the timely and powerful audio interview where Alasdair Macleod discusses this setup with gold being on the verge of a historic breakout that will trigger a massive short squeeze click here or on the image below.
China’s Move To A Gold-Backed Currency
***Also Released: MASSIVE GOLD SHORT SQUEEZE: “There Is No Escape For Them (The Gold Shorts)” CLICK HERE.
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