zaterdag 2 mei 2015

Gold/silver managed money short update

Contrary to what many believe, I think that the spike in gold and silver on 27 April 2015 (see chart below) was not a short covering rally.

Because why are managed money short positions on 28 April 2015 (see charts below) at new highs for the year as shown below?



So I believe a short covering rally will still happen next week or so.

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