A significant change occurred this last month for gold
News
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Posted 11/06/2013
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A significant change occurred this last month for gold. The US’s Bank Participation Report now shows the top 3 bullion banks are net LONG in gold contracts. We can’t remember the last time this occurred as they have repeatedly shorted the gold market down for so long now. This is probably one of the clearest indications that the bottom is here or near as it is these very ‘big 3’ that have orchestrated the low prices we see now. Silver is still net short as it is the easier, smaller market to ‘play’ with, but just sets up the stage for an even bigger rebound.