IPFS News Link • Gold and Silver
Silver Speculators Have Never Been This Short
• zerohedge.com by John RubinoStarting with gold, the large speculators – who, remember, tend to be wrong at big turning points – got a little less optimistic, while commercials – who tend to be right at big turning points – did the opposite. But both groups are still in unfavorable territory, with the speculators too long and the commercials too short.
Looked at in a vacuum this is not good short-term news for gold.