Well Provisioned Gold Longs Setting Up Banks For Dramatic Short Squeeze?

The gold market’s been heavily manipulated down by huge dumps of futures contracts, but we may now be setting up for a short squeeze…

by Chris Powell of the Gold Anti-Trust Action Committee (GATA)

Dear Friend of GATA and Gold:

In his nine-minute video commentary today, Gary Savage of the Smart Money Tracker newsletter explains how since 2013 the huge dumps of futures contracts by bullion banks convinced him that the gold market has been heavily manipulated to keep the price down. But Savage adds that he lately senses that well-provisioned longs may be setting the banks up for a dramatic short squeeze.

Savage’s analysis is headlined “Gold Manipulation” and it’s posted at Smart Money Tracker here:

https://blog.smartmoneytrackerpremium.com/2019/12/gold-manipulation.html

And embedded below:

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16