China’s Stock Market Plunges As Fierce Battle In The Gold And Silver Markets Continues

Monday, February 29, 2016
By Paul Martin
February 29, 2016

China’s stock market plunged nearly 3 percent as the fierce battle in the gold and silver markets continues.

From Jason Goepfert at SentimenTrader: “The Commitments of Traders report showed another week of selling in the precious metals among “smart money” hedgers. Their bets against silver moved to the largest since 2008…

Jason Goepfert continues: “In gold, they are short more than 150,000 contracts and over the past there years, such a large short position has coincided with a peak in the gold rallies every time. As always, we’ll be looking to see if it’s different this time, suggesting a new bull market for precious metals.“

The Rest…HERE

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