Gene Arensberg: Bullion banks now least short in gold since 2008
Dear Friend of GATA and Gold:
Gene Arensberg writes today at the Got Gold Report that there's a whole lotta short-covering going on in gold. Arensberg writes: "The largest, best-funded, and presumably the best-informed large hedgers and short sellers of Comex gold futures have become the least confident in lower gold prices since the Thanksgiving from Hell in 2008." Arensberg's analysis is headlined "Unusual COT Action: Bullion Banks Cover Shorts, Swap Dealers Hammer Gold" and you can find it at the Got Gold Report here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.