zaterdag 10 januari 2015

Managed Money Short update gold

There isn't anything special going on since we moved to 2015. Short positioning has been flat along with a flat gold and silver price. I wouldn't bet too heavily on precious metals until something fundamental changes in Fed policy or the macroeconomy. There is no short squeeze on the horizon.

 Premiums are flat:





There is one anomaly though and that is that China's gold premium is edging upwards.


Which also indicates that gold is going from West to East again with GLD stock (red chart) declining.

Although I don't see this stock declining much as there isn't any registered gold (blue chart) left in COMEX.

There is plenty of silver though at COMEX.

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