Gold Short Squeeze?

Discussion of the Gold portion of the Permanent Portfolio

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MediumTex
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Gold Short Squeeze?

Post by MediumTex »

Anyone think this is happening or will be happening?

I keep thinking about that Goldman Sachs note from a couple of months ago.  If Goldman Sachs is involved in a market, I assume that shady stuff is going on.
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chrikenn
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Re: Gold Short Squeeze?

Post by chrikenn »

That would be good for PP holders, right?  At least, in the short term?
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Re: Gold Short Squeeze?

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chrikenn wrote: That would be good for PP holders, right?  At least, in the short term?
Yes.
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Re: Gold Short Squeeze?

Post by dragoncar »

I dunno... I'm waiting for the daily +6 and 9 to counteract the down days
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Re: Gold Short Squeeze?

Post by MediumTex »

dragoncar wrote: I dunno... I'm waiting for the daily +6 and 9 to counteract the down days
Yeah.  That Goldman Sachs note just keeps popping up in my head.  It came right before the huge drop we have seen.  No one is THAT good.  I just feel like there is some kind of massive gold trade unfolding.  Maybe GS is in the process of starting a huge long position at current price levels.

I don't know.
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Re: Gold Short Squeeze?

Post by rhymenocerous »

I keep thinking of the same thing as well, though I don't know how it'd be possible for a single firm to manipulate the entire gold market.  It reminds me of a quote, by John Bogle I think, that the individual investor is the absolute last person to receive any kind of relevant, actionable information.  It makes it seems like there's a lot of other stuff going on behind some dark curtain that I cannot see.
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Re: Gold Short Squeeze?

Post by l82start »

from some gold bug email i get
Looking at trading positions in the paper markets, it appears that large commercial banks (JPMorgan Chase, HSBC, etc.) have finally moved out of their massive net short positions and taken a net long position in gold and silver
cant make any claims for their sources.. but i would guess Goldman isn't the only manipulator
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Re: Gold Short Squeeze?

Post by rickb »

l82start wrote: from some gold bug email i get
Looking at trading positions in the paper markets, it appears that large commercial banks (JPMorgan Chase, HSBC, etc.) have finally moved out of their massive net short positions and taken a net long position in gold and silver
cant make any claims for their sources.. but i would guess Goldman isn't the only manipulator
Ed Steer has been saying for years that JPMorgan is the big dog among gold and silver manipulators and, according to the weekly COMEX commitment of traders (COT) report, JPM has managed to switch from the largest short position to (now) the largest long position.  If you're interested in such things, his daily Gold & Silver report should be interesting to you.
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