COMEX long/short positions explained
derryb
Posts: 36,823 ✭✭✭✭✭
Another Gold Spec Short Squeeze Pending
"In the past, the ruling paradigm was that The Specs were NET LONG and The Banks were NET SHORT. From time to time, these positions would reach extremes, and the resulting price flush would lead to Spec liquidation and Bank short-covering... resulting in massive losses for The Specs and huge profits for The Banks."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
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