Zero Hedge

Major Gold Takedown To Inspire “Risk On” During Another Bad News Day

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Another day, another $15 gold takedown in a manner of seconds. Liquidations or LBMA intervention, nobody cares anymore. Presumably the agenda of the day is to make investors believe that all is well in Europe, and that among all the upcoming stress test results announcements, the “fact” that a single bank will not be in … Continue reading “Major Gold Takedown To Inspire “Risk On” During Another Bad News Day”

Paper Short Gold Positions Hit Fresh Record, As EUR Reshorting Persists In Early Part Of Week

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This week’s CFTC report indicates that commercial shorts on the CFTC, both gross and net (excluding commercial longs) have hit another fresh all time record, at -482k and -290k. Should the ongoing asset liquidation squeeze forcing gold prices to decline, fizzle out, and should gold prices resume their trajectory higher, the only question will be … Continue reading “Paper Short Gold Positions Hit Fresh Record, As EUR Reshorting Persists In Early Part Of Week”

EUR Shorts Return, As Commercial Gold Net Short Positions Hit All Time Record

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A week after the EUR posted the biggest short covering rally in history, expunging every single weak hand after a move wiped out 44% of all net shorts, the bearish speculative bets on the EUR are once again rising, according to just released CFTC Commitment of Traders data. After dropping from net -111,945 to just … Continue reading “EUR Shorts Return, As Commercial Gold Net Short Positions Hit All Time Record”

Investors Willing To Pay 31% Premium To NAV For Sprott’s Physical Gold ETF In Strike Over Global Fiat Devaluation Insanity

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Over the past month, gold has quietly become the only true flight to safety. Forget the dollar: the dollar is “safe” just as long as Bernanke does not decide to pull a Sunday night comparable to what the ECB did last night and strangle the greenback with one press release: frankly it is just not … Continue reading “Investors Willing To Pay 31% Premium To NAV For Sprott’s Physical Gold ETF In Strike Over Global Fiat Devaluation Insanity”

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