vrijdag 19 september 2014

Managed Money Gold/Silver Short Update

Looks like everyone and their cat is short gold and silver now. Managed money shorts have reached their absolute peak again. Never have their been so many short positions since 2008.



To give an idea of the historic short positions in silver (blue line), oscillating upwards.

20140628 MM shorts

The silver short positions are very high at 42249 contracts, while the silver price is essentially the same as in 2008. At some point this will revert.

Shanghai silver premiums are now 13% and I think they will be almost 15% next week, which means China can now prepare to raid the Western silver vaults. It will be very interesting to watch.