MAJOR ALERT: First Time In 17 Years Commercials Long Gold, Plus A Silver Shocker!

kingworldnews.com

Bullion banks are now long the gold market for the first time in 17 years!  They also massively increased their long (for the first time in history) silver positions as they continuing tightening the noose around hedge funds and speculators that are massively short the gold and silver markets. Now they are preparing to unleash a historic short squeeze.

First Time In 17 Years Bullion Banks Long Gold!
 
September 7 (King World News) – Commercials are now net-long the gold market for the first time in 17 years!  Below you can see the commercials being net-long gold, even without the data from this week’s action being reflected yet (see chart below).

First Time In 17 Years Commercials Are Long Gold!

It will be very interesting to see next week’s report…

Long-Term Chart Shows Bullion Banks Turning Bullish Gold
 
Bullion banks and commercial hedgers have been taking the other side of the trade (from hedge funds and small speculators) as they are now long the gold market for the first time in 17 years! (See chart below).

24 Years Chart Of Commercial Positioning In Gold!

Silver Shocker!
 
For the second week in a row the bullion banks and commercial hedgers are long the silver market (for the first time in history).  Here is a look at the past decade of commercial short positions in the silver market (see chart below).

SILVER SHOCKER: Bullion Banks Long Silver Position Surges!

Here is a long-term look at commercial short positions in the silver market, which shows commercial hedgers’ long position in the silver market exploding higher this week (see chart below).

Here Is The Commercial Silver Shocker On A 24 Year Chart!

Stay Disciplined
 
We have already witnessed large scale capitulation in the gold and silver markets, both in the precious metals and the underlying shares of the high-quality companies that mine and explore for the metals.  We may have already seen the bottom of the gold market when it hit $1,160 in overnight trading in Japan during the final stages two weeks ago during the brutal takedown.  So $1,160 will be the key number to watch in the short-term.  For those who are taking advantage of this historic capitulation, the odds greatly favor a major upside reversal.