Commodity Trade Mantra

Posts Tagged ‘Short Contracts’

Gold Futures Short Covering Rally

In the past, speculator short covering frenzies have pushed gold high enough to ignite new long-side buying by speculators. If this next short covering gold rally coincides with the lofty US stock markets and/or parabolic US dollar finally rolling over, there will be a big resurgence in gold investment demand way beyond speculator short covering.

JPMorgan Holds Lowest Silver Short Position Since 2008

JPMorgan’s short position in silver is now down to about 11,500 contracts, their lowest short-side corner in the Comex futures market since taking over the silver short position of Bear Stearns in 2008. And not to be forgotten in all of this, is the equally extreme short-side corner in the Comex silver market held by Canada’s Scotiabank.

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