Ron2008

Dollar and Precious Metals: Apocalypse Not Yet?

In the week that Gold went to $1000, the latest DCOT report said that producers only added 1,712 longs. Funds added 37,503 longs.

Producers were mainly selling into this rally. They added 53,960 shorts.

On Sep 14 11:37 AM Mayascribe wrote:

> Actually, I started looking into this when you did the Burning Platform
> Insta about Barrick and Silver Wheaton.
>
> I just checked out Barrick's home page, and there's nothing stated
> that they have completed buying back their hedges. But they did just
> have the $4B offering for that purpose. According to my broker, Barrick's
> buy back of the hedges contributed to gold pushing through $1000.
>
>
> After the conversation I sold my recently established positions of
> (seekingalpha.com/symbo...) and (seekingalpha.com/symbo...)
> for a small profit, in my e-trading account. We'll see if he's right.
>