You are here
Gene Arensberg: Big new silver shorts have been misidentified, squeeze is likely
12:50a ET Thursday, July 10, 2014
Dear Friend of GATA and Gold:
The Got Gold Report's Gene Arensberg tonight digs into the latest silver futures trading position data and concludes that most of short positions recently added belong not to the major bullion banks, as is widely suspected, but to other commercial traders, "swap dealers." Arensberg thinks they have vastly oversold the metal in an attempt to stop its rally and are now vulnerable to a short squeeze. Arensberg's commentary is headlined "Swap Dealers' 'Goal-Line Stand' for Comex Silver Futures in Jeopardy; Squeeze Very Possible Now" and it's posted at the Got Gold Report here:
http://www.gotgoldreport.com/2014/07/swap-dealers-goal-line-stand-for-co...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Jim Sinclair plans gold investing seminar
in Seattle on Saturday, July 12
Gold advocate and mining entrepreneur Jim Sinclair will hold his next gold investing seminar from 1 to 5 p.m. on Saturday, July 12, at the Hilton Seattle hotel, 1301 6th Ave., Seattle, Washington. Admission will be $100. For more information, please visit:
http://www.jsmineset.com/qa-session-tickets/
Join GATA here:
Casey Research 2014 Summit
Hill Country Resort and Spa
San Antonio, Texas
Friday-Sunday, September 19-21, 2014
http://www.caseyresearch.com/summit/2014-fall
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014
https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...
* * *
Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
New from GoldCore:
A Price Match Guarantee On All Popular Coins and Bars
To take advantage of this price match guarantee and GoldCore's already low premiums, please email info@goldcore.com or telephone our trading desk:
International: +353 (0)1 632 5010. UK: +44 (0)203 086 9200. US: +1 (302)635 1160.
