Incredibly Important Developments In Gold & Silver Markets
August 3, 2013
Today King World News is reporting on incredibly important developments taking place in the gold and silver markets. Acclaimed commodity trader Dan Norcini spoke with KWN about some extraordinary events that are happening which will surprise KWN readers around the world. Below is what Norcini had to say in his interview.
Eric King: “Dan, what about the COT (Commitment of Traders Report)? I know there was some major movement there?”
Norcini: “That’s an interesting story, Eric. Watching what is going on there lately with the gold market, we’ve seen a very steady drawdown in the net-short position of the big commercials (the bullion banks). This week was rather fascinating because we are to a situation now where we are only about 5,000 contracts away from the commercial category being net-long this gold market.”