Gold Sold Off After Banks Increased Shorts

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After 8 consecutive trading days of gains in the gold price, there was finally a selloff on Tuesday following the latest CPI report. Of course, over those 8 days, the banks were also increasing their short positions, and given the strength of the rally, a mild correction was almost to be expected.

And in today's show Dave Kranzler talks about his thoughts on the rally, the pullback, and what needs to happen before silver and the mining stocks begin to more actively participate in the rally.

Video Length: 00:25:43


More By This Author:

Banks Increase Gold, Silver Shorts Over Recent Rally
Gold Overbought By 'Hot Money'
Central Banks Keep Buying More Gold

Disclosure: None.

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