Gold, Market Analysis

Gold And Silver Are Set Up To Soar

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“…the banks are positioned for a huge move higher in gold and a sell-off in the dollar. The only question is timing. The commercial category of the COT Report (banks + producers/merchants/processors/users) is net long silver futures for the first time in at least 25 years. In combination with the gold COT Report structure, this is the most bullish set-up for the precious metals in history….When positioned at an extreme like this, speculators are always wrong. It may not seem like it right now, but I would also suggest some type of development is percolating that will trigger an unexpected and substantial sell-off in the dollar.”

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