Articles
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Incredibly Important Developments In Gold & Silver Markets
By kingworldnews.com
Today King World News is reporting on incredibly important developments taking place in the gold and silver markets. Acclaimed commodity trader Dan Norcini told KWN that in the metals markets, “I don’t recall seeing anything like this since this bull market began 12 years ago.”
Norcini has been stunningly accurate in his predictions of the movement of the gold and silver markets. Now the acclaimed trader discusses these incredibly important developments in both of these markets: “Hedge funds have their smallest net long position since July of 2007. But what it extremely interesting here is that hedge funds now have their largest overall outright short position in history.”
“If you go back to September of 2011, open interest in gold hit an all-time record high (futures plus options) of 1,007,000 contracts. But amazingly the hedge funds were only short 4,980 contracts at that time….
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