Bullion Banks & Commercial Hedgers Remain Long Gold & Silver Markets As Bullish Sentiment Collapses

Commercial hedgers remained long the gold market (second week in a row) for the first time in 17 years!  They also remained long (for the first time in history) the silver market for the third week in a row as they continue tightening the noose around hedge funds and speculators that are massively short the gold and silver markets. At some point the bullion banks will unleash a historic short squeeze.

Commercial Hedgers Still Long Gold!
September 14 (King World News) – Commercials added to shorts but remained net-long the gold market (second week in a row) for the first time in 17 years!  Below you can see the commercials being net-long gold, even without the data from this week’s action being reflected yet 
(see 24-year chart below).

24-YEAR CHART: Commercials Still Long Gold For First Time In 17 Years!

It will be very interesting to see next week’s report…


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Silver Shocker!
For the third week in a row the bullion banks and commercial hedgers remained long the silver market (for the first time in history).  Here is a look at the past 24-years of commercial short positions in the silver market (see chart below).

SILVER SHOCKER CONTINUES: Commercial Hedgers Remain Long The Silver Market!

Here is a long-term look at 10 years of sentiment in the silver market, which shows a collapsed reading of “excessive pessimism.” (see chart below).

Excessive Pessimism: Silver Sentiment Remains Collapsed!

Maguire KWN audio interview to be released shortly, in the meantime…

Stay Disciplined
We have already witnessed large scale capitulation in the gold and silver markets, both in the precious metals and the underlying shares of the high-quality companies that mine and explore for the metals.  We may have already seen the bottom of the gold market when it hit $1,160 in overnight trading in Japan during the final stages two weeks ago during the brutal takedown.  So $1,160 will be the key number to watch in the short-term.  For those who are taking advantage of this historic capitulation, the odds greatly favor a major upside reversal. 

***Within hours the powerful and timely KWN audio interview with Andrew Maguire will be released and you can listen to it as soon as it’s released by CLICKING HERE.

ALSO JUST RELEASED: Andrew Maguire – Forget Trade War, China Is Positioning To Crush The US In The Currency War And Russia Is A Golden Ally CLICK HERE TO READ.

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