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Gene Arensberg: Futures trading positions hint at strong rises for gold, silver
10:50a ET Sunday, July 20, 2014
Dear Friend of GATA and Gold:
Big investment houses that trade gold and silver are extremely vulnerable to a short squeeze, the Got Gold Report's Gene Arensberg writes today after more review of the latest futures trader positioning reports.
"Our view," Arensberg writes, "is that gold and silver are in the formative, difficult-for-many-traders-to-believe stage of a nascent but powerful bull market. We believe that gold and silver are beginning to price in something ahead -- something we cannot yet see clearly but that nevertheless is real enough to underpin this market with ample buying pressure, even into managed sell-downs."
Arensberg's commentary is headlined "Comex Mercenary Swap Dealer Banks Way Short Silver Too, Vulnerable to a Squeeze" and it's posted at the GGR here:
http://www.gotgoldreport.com/2014/07/comex-mercenary-swap-dealer-banks-w...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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