A large short squeeze in gold miners is setting up for when gold prices rally over…
Short interest in some larger gold miners has increased a lot in the last 6-8 weeks.
Meanwhile, US Mint Sales are 700% higher (in US Dollar amount) since last year and central bank are net buyers of gold again.
Bottom Line: Many gold miners and gold stocks are back to valuations when gold prices were around $1500 to $1600/oz and with short interest much higher in many large gold miners than 6-8 weeks ago, a large short squeeze in gold miners is setting up for when gold prices rally over $2k/oz again.
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