Monday, July 22, 2013

Photo - Gold and Silver Short Seller Exit Door

As we mentioned in our most recent video update, which is now available on YouTube, below is an image representing the relative size of the “exit door” for the speculative sellers of gold and silver futures.

Recall that three of the five classes of COMEX traders held record or near record short positions as of July 9, as we also mentioned in that video update. 


(Image:  Gold and silver spec short sellers await their turn to get through the short covering exit.  Caution:  The exit may seem smaller than it appears.)


The Original
Vulture Speculator

Trading gold, silver and mining shares since 1980 with a focus on taking advantage of volatility extremes, Gene Arensberg analyses the markets through a basket of technical and fundamental indicators and shares his findings from time to time here at Got Gold Report. Mr. Arensberg has been quoted in the Wall Street Journal, Dow Jones MarketWatch, USA Today and dozens of other news organizations.

"I've been a huge fan of Gene and his amazing work for years..."

Brien Lundin, CEO, Jefferson Financial, Host of the annual New Orleans Investment Conference and Publisher of Gold Newsletter

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