RE:RE:bidding war watch begins for amk unfortunately we won't be able to calculate how many gold contracts the comex commercial shorts closed today until a week friday....Nevertheless i would hazard to suspect they are still underwater closer to 30 million ozs than to 20 million ozs of gold. You can bet that after they dumped millions of ozs of paper gold in a few seconds they started buying back those contracts in the wake of the devastation caused by their avalanche.
Moe along. There is nothing to get excited as there is nothing happening here. The comex commercial are still skewered on their multbillion dollar short positions.... The vultures and opportunists will return to the market to feast on the commercial carrion soon enough...