RE:Bullion banks closing huge numbers of Gold short positionsIMO ... what the Bullion Banks have on their radar that is prompting them to close out their long standing short poistions is; they see the US Dollar going sub 92 ... when the USD goes sub 92, it's going to make the little Gold rally we had in the first 1/2 of 2016 look like a dress rehersal.... you can see the developing trend on this chart ...
https://stockcharts.com/h-sc/ui?s=%24USD&p=W&yr=4&mn=0&dy=0&id=p64272859731 When the USD goes sub 92, not only will it shock Gold into another level, but Copper should be over $3 by then.
Risk_Assess999 wrote: Market analyst Avery Goodman writes today bullion banks continue to close huge volumes of short positions in the monetary metals that they have been carrying for years. If the bullion banks know what they're doing, Goodman writes, this foretells a major rise in metal prices in coming months...
https://www.gata.org/node/17516