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Gene Arensberg: Biggest traders go hugely short silver
9:48p ET Friday, June 27, 2014
Dear Friend of GATA and Gold:
Over at the Got Gold Report, Gene Arensberg writes tonight that the biggest traders have gone heavily short in silver, ordinarily terribly bearish.
But Arensberg adds, "That is the largest one-week increase in silver net short positioning put on by the commercial traders since the 23,089 lot increase in the February 21, 2006, commitment of traders report with silver then $9.49 an ounce. Incidentally, that particular very large increase ended up being counterintuitive, because by May 15, a little over two months later, silver had tested $15 -- an advance of more than 58 percent immediately following the extremely large increase of commercial short positioning."
As Jackie Gleason's Ralph Cramden might say: "One of these days, Alice. ..."
http://www.gotgoldreport.com/2014/06/gold-and-silver-disaggregated-cot-r...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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