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Are precious metals and miners in a short squeeze?

Posted on 24 April 2013

A week ago I wrote about a potential rebound after capitulation and panic selling in precious metals and the miners. It now appears Goldman Sachs (GS) is covering its short on gold as it rebounds above $1,400.
Meanwhile, many banks have helped confuse and misdirect the investment community out of gold (GLD) and silver (SLV). This was a classic shakeout and bear trap, which may start a major short covering rally………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 36638 posts on Opalesque Commodities Briefing.


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