2 weeks ago the gold market set a new record for largest bank short position since the CFTC started keeping the data. And in the time since then, we’ve even seen some short covering by the banks at a $2,500 plus gold price.
The open interest has been declining as well recently, which often accompanies a sell-off. Although so far while the open interest has come down, the price has not.
So, in today’s show Vince Lanci takes a look at what’s happening, and why we’re seeing a diversion from the normal pattern.
To find out more, and also go through the latest precious metals news, click to watch the video now!
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