The Traderszone Network

Published in TZ Latest News 6 June, 2014 by The TZ Newswire Staff

Record Gold/Silver Futures Shorting Bullish Omen For Precious Metals

By Adam Hamilton:

The precious metals plunged last week, knifing through key support zones to unleash an explosion of bearish sentiment. This troubling heavy selling wasn’t news-driven, it emerged out of the blue. Who was dumping gold and why? Later data confirmed it was American futures speculators short selling gold and silver at record levels. Extreme shorting is very bullish, as these bets soon have to be covered.

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