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Gene Arensberg: Heavy commercial shorts in gold don't always foretell price smash
2:10p ET Friday, July 4, 2014
Dear Friend of GATA and Gold:
Increased shorting of gold futures by the biggest traders is not always an indicator of a price smashdown, the Got Gold Report's Gene Arensberg writes today. Sometimes those shorts turn out to be "rally fuel," he writes. Arensberg's commentary is headlined "Comex Heavy Commercial Gold Shorts Not Always a Sign of a Top" and it's posted at the Got Gold Report here:
http://www.gotgoldreport.com/2014/07/comex-heavy-commercial-gold-shorts-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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