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Record Short Position In Gold Is About To Get Wiped Out

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Another great article from Cliff Droke at Seeking Alpha.

“The last time we saw this record short position in gold was at the end of 2015 before a powerful rally. The record short position is actually now even greater than the end of 2015 and coincides with the tech bubble in 2000 when gold was under $300 an ounce. Investors know that new up-trends begin after a climax bottom or selling capitulation. Recent volume spikes in early August may have signaled that the selloff peaked.

Meanwhile, new discoveries despite this bear market in gold are gaining major recognition from smart investors as they realize it’s very difficult replacing resources with greenfield discoveries.
Smart investors are interested in exciting high-grade discoveries like the Pilbara, the Golden Triangle, Red Lake, and Nevada.”

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