bowman711

Why I'm Restarting Kinross Gold

From Casey's Daily Resource (caseyresearch.com/disp...)

"The Commitment of Traders report issue on Friday for positions held at the close of trading on Tuesday are as follows: Gold...the tech funds increased their net long position in the Non-Commercial category by 13,181 contracts. Opposite them, were the bullion banks...the '8 or less' traders...in the Commercial category. They increased their net short position by 17,917 contracts. The difference between these two numbers is the increase in the net long position by the small traders in the Nonreportable Positions category...so you can see that the bullion banks were going short against everyone who went long. Silver: There wasn't as much activity as I expected (was it all reported?). The tech funds went net long 1,147 contracts and the bullion banks went net short 2,595 contracts...once again the difference being the increase in net long positions of the small traders in the Nonreportable category."

Can gold go anyplace when every long contract is matched by a naked short?