KWN reports two important trends of the commercials (supposedly the smart ones):
1. Short options in gold and silver are being covered again;
2. German and Swiss banks refuse to fork over large request for gold.
The first means that commercial interests believe that gold and silver prices will rise. For the first time in years they have gone long on platinum.
To be sure, the BIS and the FED can dump in 30 Billion dollars and drop the gold price by 100. However, they then have to deliver gold.
Saturday, July 21, 2018
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