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Gold price vaults $1,300: Is this the start of the epic short squeeze everyone’s waiting for?

Posted on 22 July 2013

Bullion was ripping higher in Asian trade on Monday with the gold price scaling the crucial $1,300 level for the first time in a month. A number of observers say the relatively rare occurrence of backwardation in the gold futures market means that physical demand is about the overwhelm the over-leveraged bullion banks and an imminent short squeeze of epic proportions will send prices soaring again.
Could this be the breakout for bullion that gold bugs have been waiting for?……………………………………….Full Article: Source


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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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