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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

Nobody Cares About Silver, Buyers Went To Gold

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leon1998
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 Posted 12/19/2015  10:24 am Show Profile   Bookmark this topic Add leon1998 to your friends list Get a Link to this Message Number of Subscribers
Past several weekly COT reports showed Producer-Merchant category had been reducing gold short position by quite a bit; but not much on silver short position. Since this category use short position to hedge their inventory; apparently gold sales have been much better than silver. I am afraid gold-to-silver ratio will stay high for a while.

By the way, Swap Dealers/Banksters have accumulated massive long position on gold; I expect to see gold rally in next January.
thq
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 Posted 12/19/2015  6:00 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
WSJ reported steady Russian and Chinese gold buying this week.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum



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