It’s Gold’s Time Now With Peter Spina
Lead-Lag Live
00:00
Is There Any Real Hard Data Around How Much Silver and Gold Is Actually Short?
There are those who speculate using the quarterly bank reports, what kind of short position there might be. The silver market, I think you saw more of a short position when the price was in the mid-upper 20s that they were shorting it and then on this price to drop collapse down into boy, would we get 18, 17 bucks an ounce? They're recovering their shorts quite aggressively. So the internals of the market look a lot more favorable. The bullion banks had covered. They're in the most bullish position we've seen in years. And even with bond rates where they are right now, hasn't helped the gold at this moment because you have short-term yields
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