I don't know how many of you watch the GSP podcast but todays post is great. I'm not a fan of technical analysis but make an exception for GSP given his excellent review of the players positioning in the futures market and his understanding of what that means.
His opening summary: "A massive short squeeze is being conducted by the Producer/Merchant category against the swap dealers (bullion banks). If this goes on much longer, the market has to break and we should see a healthy uptick in the price of gold. The short squeeze may have already started in silver as the swap dealers are dumping their short positions as fast as they can. While the longs are taking delivery of silver in July and are poised to do it again in September."
https://www.youtube.com/watch?v=G6EZFA6iHXo&pp=wgIECgIIAQ%3D%3D
I don't know how many of you watch the GSP podcast but todays...
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