Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

« ...LABOR DAY 2018 saw global gold bullion prices edge back to $1200 per ounce in quiet trade on Monday, down 0.3% for the day, as US markets stayed closed for the end-of-summer holiday.

Asian and European equities ticked lower, also in quiet trading, as crude oil rose to 2-month highs and the other precious metals held firmer than gold.

Silver slipped 3 cents per ounce to $14.51 by mid-afternoon in London as platinum prices added 50 cents from Friday's finish to trade at $788.

Betting against silver prices by hedge funds and other 'Managed Money' traders last week grew for the 4th week running on Comex futures and options, approaching April 2018's record-heavy levels according to US regulator the CFTC's data series.

Managed Money betting against platinum meantime reached a new record, with that group's bearish positions outnumbering its bullish bets for the 21st week in succession.

Comex gold contracts have, over the last 10 years, seen the Managed Money group of traders average a positive weekly bet equivalent to $16.2bn of metal.

https://www.bullionvault.com/gold-news/gold-price-090320181