Monday, July 1, 2013

Stunning Gold & Silver Charts Reveal Shocking Global Situation

“The Net Commercial Gold Position has moved even closer to positive territory (reduction of 20% for week ending 6/25).  The nearly $560/oz drop since the announcement of QE3 in mid-Sept. 2012 has resulted in the most bullish Commercial reading since August 2002 when Gold was $310/oz.

Given the enormous volume for just Wednesday-Friday (total of 873,719 contracts…the largest 3-day volume since the mid-April smash), I would not be surprised to see the net short position cut nearly in half by next week, with a net long reading not far off.
Read More@KingWorldNews.com

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