To follow up on this post, I have started to monitor the managed money short positions every week for gold and silver because it's very interesting to see what is happening.
As gold and silver were smashed down last week because technical resistance was broken, we see that the short positions have increased this week (red lines go up).
For silver, the short positions are now so high, it doesn't even fit on the graph of the Got Gold Report.
For gold the short positions are at the peak again.
If gold ever shoots up (due to the ECB money printing), the short covering in gold will be strong, but the short covering in silver would be unimaginable.
Here are the historic values from Got Gold Report:
As gold and silver were smashed down last week because technical resistance was broken, we see that the short positions have increased this week (red lines go up).
For silver, the short positions are now so high, it doesn't even fit on the graph of the Got Gold Report.
For gold the short positions are at the peak again.
If gold ever shoots up (due to the ECB money printing), the short covering in gold will be strong, but the short covering in silver would be unimaginable.
Here are the historic values from Got Gold Report:
Numbers can be found here: http://www.cftc.gov/dea/futures/other_lf.htm
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