This Has Never Happened Before In Gold
Source: What Is That Whistling Sound
Long 168,732
Short 162,207
Net position 6,525 LONG
My view:
This has never happened historically.
The prior major low for gold was in December 2015 when traders were 5,000 contracts net short. Gold rallied $300/oz in 6 months after the low was hit, and gold stocks nearly tripled.
Two weeks ago, we hit a new record low at 2,000 contracts net short.
Today we are 6,500 net long!
Gold shorts are about to be destroyed.
Gold stocks will undergo a fierce rally.
All that is required is a trigger event.
We are now anticipating an upward resolution to the gold market within the next two weeks.
In our view, gold stocks are now a screaming buy.
Source: http://whatisthatwhistlingsound.blogspot.com/2018/09/this-has-never-happened-before-in-gold.html
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