They Better Pray There Is No Short Squeeze…
Well, they’ve finally done it.
As the following chart of the day from Bloomberg shows, as of this week, hedge funds have made “the biggest bet ever” against gold by taking Comex gold shorts to all time highs.
To their reflexive benefit, we will admit, they have managed to push the price of gold lower, not much… but it is lower (whether with the BIS‘ assistance or not is irrelevant). It is a different question if the price of gold is low enough to reflect such a record bearishness.
Read More: http://economicrisis.com/they-better-pray-there-is-no-short-squeeze/8752