GREY:DRGDF - Post by User
Comment by
Kosta300on May 15, 2012 10:30am
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Post# 19909900
RE: Look at August Short Positions
RE: Look at August Short Positionshttps://www.marketoracle.co.uk/Article34629.html
Short Positions on Gold explained-
in summary
"Commercials bought a huge 7,453 longs and covered a humongous -19,095 shorts to end the week with 56.67% of all open interest and now stand as a group at -15,145,500 ounces net short, a mammoth decrease of almost 1,500,000 ounces net short from the previous week. I hope you understand what they are doing here. They intend to go net long at some point in the near future as they know exactly what the future holds. They will maximize their profit to the fullest. They will take the price of gold down until they are either net long or fully long and have bought up every speculator long that they can."