Commodity Trade Mantra

Posts Tagged ‘SPDR Gold Shares Gold ETF’

The Self-Limiting Shorting Attacks in Gold Futures Nearing Exhaustion

Every single gold futures contract sold short, has to be closed by buying an offsetting long contract. Thus gold futures shorting attacks are self-limiting. Gold futures shorting attacks are designed to manipulate herd psychology to unleash cascading selling. While depressing over the short term, this selling is actually quite bullish.

US Mint Gold And Silver Bullion Coin Sales

Contrary to Wall Street’s assertion that gold and silver demand continue to implode heralding much-lower precious-metals prices, the US Mint says American Eagle coins are selling like hotcakes. On Dec 31st it reported that 2015 sales of its gold coins soared 53% above 2014’s levels, while silver coin sales hit an all-time record! That’s impressive considering 2015’s poor price action.

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