Global economic psychosis? Is the banking system bankrupt? Great-depression era, 2.0. Opportunities in "junk-silver." History suggests gold and silver investors will be rewarded with the "greatest transfer of wealth in history."
A mere four weeks ago we penned our 700th missive entitled “Gold: The Next All-Time High is Nigh”. And as you nauseatingly know from just prior to this past week, Gold came within four wee points of so doing in reaching 2085 on 04 May, (the All-Time High of course still 2089 from 07 August 2020).
Since however, our “Nigh” has gone somewhat awry, Gold having just recorded a wimpy week of net -9 points in settling yesterday (Friday ) at 2016. Regardless,…
The new short report was posted on The Wall Street Journal's website early yesterday evening, for positions held as of the close of business on Friday, April 14. It showed a shocking decline in the short position in SLV...from 41.49 million shares, down to only 16.27 million shares...a drop of an eye-watering 60.79 percent! The short position in GLD also fell...from 1.128 million troy ounces/down to 1.073 troy ounces...4.93%.