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Cyrille Jubert: A massive short squeeze on gold?
By Cyrille Jubert
GoldBroker, London
Monday, October 28, 2024
For those uninitiated in finance, a "short squeeze" refers to a situation where an individual or legal entity sells an asset in the future without owning it first, in the hope of buying it back later at a lower price in order to make a profit.
However, if the price of this asset increases instead of falling as expected, this individual or legal entity is forced to buy it quickly to honor the delivery of their forward sale. This hasty buying movement then contributes to accentuating the rise in prices.
Isn't this precisely what gold prices have been reflecting for several months? ...
... For the remainder of the commentary:
https://goldbroker.com/news/massive-short-squeeze-gold-3440
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