COMMERCIAL BANKS COVERING GOLD AND SILVER

in money •  8 years ago 

Just read an article that commercial banks are covering gold and silver with short positions. Does this mean they think the price will go up or is it just a safety net?

money
8 years ago by

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      ·  8 years ago 

    Not a safety net, it is manipulation. The metals are in competition with paper assets for use as money [ store of value - specifically ]. More short positions influence the price downward, while more long positions [ contracts ] influence the price upwards.

    The question is: How long will it keep working? Read some stuff by Ted Butler or Clif High. We believe not much longer.

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