The gold-futures and silver-futures short positions held by speculators have rocketed up to extremes in recent weeks.  These elite traders are aggressively betting for further weakness in gold and silver prices.  But history has proven extreme shorts are a powerful contrarian indicator.  Right as speculators wax the most bearish as evidenced by their collective bets, gold and silver decisively bottom and birth major new rallies.

Play

GATA Chairman Bill Murphy Joins the Show For the Latest on Gold & Silver:

  • Murphy Explains Why “Andrew Maguire Owes People An Explanation”
  • Will the Gold Cartel Make A Final Short Covering? 
  • It’s Going to EXPLODE Out of NOWHERE – You Won’t Have A Chance to Get In! 
  • The GATA Chairman Explains Why The Key to Silver is $21…

Four weeks ago, after gold had corrected down from nearly $1,300 to around $1,240, I tweeted out that I was thinking about re-entering the JNUG (Direxion Daily Junior Gold Miners Index Bull 3X ETF) market and proceeded to launch into one of my classic invectives on why the Commercials were going to get toasted and why I should be considered the Crown Prince of non-Linear Thinking in my self-amused prowess in “smoking the criminals.”
I was early—which means I was wrong, dead wrong…

Play

Legendary Investor Jim Rogers Joins SD To Issue A DIRE Warning: Western Civilization is Going to COLLAPSE:

Buyers of silver are rejoicing. They can now get more money (silver, like gold, is money) in exchange for their dollars than before. However, as we see from the reactions in the community, there were few buyers.  Cries of woe are heard everywhere. Those who are crying are sellers, including those who say they don’t plan to sell but who really want a high price in case they change their mind by Monday morning.
The purpose of this article is to look deeply into the trading action at the time of the crash.
This episode was not about physical metal:

Play

Fund Manager Dave Kranzler Fills In For Eric This Week, Breaking Down the Latest Metals Raid:

  • Smells Like 2008 All Over Again: The Manipulation is Almost Frantic, Feels Like the Action in 2008 Right Before the Collapse
  • Fat Finger Waterfall Cliff Dive – AKA The Cable Broke on the Mine Shaft
  • If the Fed Raised Rates to Historic Norms, We’d Been in a Depression That Looked Like the Black Plague! 
  • Kranzler Reveals Why “This Tells Me We’re At A Bottom in the Metals”…

With Silver Prices Popping Back Above $16, Are the Commercials Ready to GUN the Metals Higher?
Eric Sprott Breaks Down the “STUNNING STUNNING Reversal” in the Silver COT…