Monthly Archives: June 2019

Weekend update

Gold update

Gold: Short squeeze update

This was the banks last chance to at least slow down the bleeding. They hit gold with another 15,000 contracts this morning. I don’t think they will be able to stop the intermediate advance, but they may be able to trigger a pause or mild pullback for a day or two.

Gold update

It’s been my feeling that one of the big bullion banks has gotten trapped into a huge short position and that is going to fuel a major short squeeze in the metals. Most traders will take profits way too soon because they don’t understand what is going on in the metals, and they’ve become conditioned to take profits quick. They won’t be prepared for a change of character and they won’t be able to adapt fast enough to the change to profit from it.