Just read about the above. The big guys have been shorting in paper gold lately in a big way. As a result POG took a beating.
They will need to cover their short positions and this will push up the gold price as they scramble to do that.
There is already sign of it. As I write POG has risen over US$20/oz.
We can look forward to some good price rises in the immediate future.
epic short positions in gold
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