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0.51% $1,391.7 gold futures

I think you are right re the US dollar.US banks have certainly...

  1. TuTenkamun
    413 Posts.
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    14/04/09
    23:44
    Post #: 5011419
    I think you are right re the US dollar.

    US banks have certainly been shorting gold bigtime.

    Figures for US Banks gold futures contracts in April:
    U.S. Banks Long 1,206 Short 105,854

    OUCH!!

    Source
    http://www.cftc.gov/dea/bank/deaapr09f.htm
    Value at posting: $0.00
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    lightbulb Created with Sketch.  Great analysis
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