Very interesting times now. Managed money shorts in gold hit an all time high (since I monitored it).
We hit 87349 short positions in gold and this even on a rising gold price. This clearly indicates gold will go higher on short squeezes in the next weeks.
We hit 87349 short positions in gold and this even on a rising gold price. This clearly indicates gold will go higher on short squeezes in the next weeks.
If you want to compare, here is a historic chart. Indeed, it is an all time high.
Somehow, silver is weaker. Short positions even declined. So there is weakness in silver.
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