razburn

Bullion Banks Hit GOLD SILVER on OPEX have shorted ALL Physical

FX:XAUUSD   None
Ya can always smell it when they fill the queue with central bank rabble speak >>> paper gold manipulation GOLD post shakeout - The Banks want to be long when the next rally in Gold takes place, as it plans to be a massive one to new highs, imho. At the same time, they will want to squeeze out as many weak longs as possible before that rally occurs. They can do both at the same time by driving the price down, and then when it takes on a momentum of its own to the downside, start taking profits on their shorts and adding long positions while the Funds add shorts. When the Banks are sufficiently long, then Gold takes off.
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