Monday, May 13, 2013

Will Gold & Silver continue to fall or have they bottomed?

By Alasdair Macleod

This week has seen somewhat reduced volatility in precious metals, with gold ranging between $1,442 and $1,480 and silver between $23.20 and $24.60. The question we would all like an answer to is having consolidated after the massive knock-down last month, will prices continue to fall, or have they bottomed?

To help answer this question, let’s look at the position of the bullion banks on Comex, in the form of the four largest traders. The two charts below are for gold and silver, and represent the balance between the gross long and gross short positions of the banks deemed to control the market.

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

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