“The net speculative position decreased by around 9,000 contracts in silver. At a negative 47,000 net-long position, silver speculators are the most bearish on silver in the report’s history.” “The central bank of India bought gold for its reserves for the first time in a decade and the Mongolian central […]
Tag: fundamentals
Scotia Mocatta Metal Matters
Featured quotes from the report: Gold continues to not attract safe-haven interest, even though parts of the global financial system are stressed. International investors see the US as the go-to destination for safe investments. – Lingering uncertainty as to the fallout from US trade disputes. – The rise in distress […]
Inside Orefinders Gold
Highlights from the Video: 1. Gold is experiencing supply side issues. 2. Mergers & Acquisitions on the horizon. 3. Demand for gold supply will be exceptional in Canada, and especially in the Abitibi. “The miners have been depleting their reserves without replenishing them. There is a severe supply […]
Record Short Position In Gold Is About To Get Wiped Out
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 […]