On the heels of a rally that sent the price of gold back to $1,300, the commercials covered a large number of gold and silver short positions.
Gold & Silver
March 8 (King World News) – Commercial hedgers covered a very large number of short positions in the gold market (see chart below).
Commercials Cover Large Number Of Gold Shorts
Silver
Commercial hedgers also covered a large number of short positions in the silver market (see chart below).
Commercials Also Cover Large Number Of Silver Shorts
It will be very interesting to see how the commercials are positioned in next week’s COT report. Until then, gold has pushed back to close the week at the key $1,300 level, roughly $40 away from hitting a new recent high.
kingworldnews.com
On the heels of a rally that sent the price of gold back to $1,300, it appears that big money is setting up to flood into the gold market.
Money Will Flood Into The Gold Market
March 8 (King World News) – Eric King: “Brett, as a CEO in the mining sector, what are you hearing about money flows in the gold market?”
Brett Heath: “What I’m hearing is that earlier this year we finally had capital flows reverse and this is the first time since a brief period in 2016 that we have seen this. Prior to that, the outflows have been consistent since 2012. This may be a leading indicator that the market has in fact finally reversed and the big money is entering the space…
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