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COT report shows bullion banks now NET LONG as of Friday's close!! Gold and silver to should get some massive updays...very soon
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Anonymous Coward |
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Thanks... excellent info.
I sold my GLD position at 169 last week... made a nice profit off of a purchase price of 96... I may get back in later.
I had a tiny SLV position which I lost on with this recent crash.. so I am just sitting tight and keeping it.
Quoting: Anonymous Coward 1532802 No probs - always good to book some profits while you can. But if you are not on margin trading silver, I'd hang on for at least the short/medium term and ride any further downside out (though, the COT report suggests the TRUE shorters are losing faith in being short). But don't take advice from an AC on here...look at the COT figures yourself is better. Anyhow, I hope more people become aware of this, as when the big commercials lighten up significantly on their shorts, it's for good reason.
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