Monday, December 08, 2008

3 US Banks Dominate COMEX Short Positions for Gold

Gene Arensberg at Resource Investor writes that three US banks currently account for 66.97% of all the commercial net short positioning on the COMEX for gold futures.

He goes on to mention that the market manipulation is even more egregious for paper silver, as only 2 US banks hold a "sickening" 98.64% of all short positions on the COMEX for silver futures.

1 comment:

joachin said...

until 2 weeks later I found the fundamental for buying my put. I really did that trade without and edge more than the failure at the 50ma.

Today we close above that level again so that means short covering. Looking forward more positive days with some correction and then every thing is set for pushing this market up.

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