Happy Friday stackers!
I have been doing some DD tonight and have come up with a few lines I would like to share with everyone.
09/26/2014
1) hedge funds shorting gold and silver against a strong dollar
2) shorts on Comex, which is back in record oversold territory
3) analysts encouraging fund managers to sell gold are mostly working for the investment and bullion banks, and it turns out that their traders are buying it, closing their bear positions.
4) So the swaps have reduced their net shorts by over 60,000 contracts (190 tonnes) over the last five weeks
5) over the last five weeks they have bought back about 200 tonnes, which added to the swaps makes nearly 400 tonnes, bought over the last month-and-a-bit by banks whose analysts are mostly encouraging the public to sell
6) This does not mean that gold and silver won't go lower next week
7) more difficult for the bullion banks to close their shorts
8) the weak hands have now mostly sold
9) growing physical demand for delivery
10) Comex is pricing silver futures too low to reflect genuine demand, and the price will struggle to go lower
These were all key points and I'm looking for anyones take that has been doing there DD as to what they think about these one line statements I have pull for articles.
Cheers \_/
P.S. Has anyone seen Lady?
