IPFS News Link • Gold and Silver
Traders Are Buying Gold & Silver At Fastest Pace In Over A Decade
• zerohedge.comThe net long non-commercial positioning in Silver futures, according to the CFTC rose almost 22,000 contracts last week to a 3-month high (which is closing in on the 'longest' since 2005). Gold, not be out-precious'd also saw major buying. Net speculative longs in gold added over 45,000 contracts - the most since July 2005 - lifting net long positions to their highest in 3 months. Perhaps, just perhaps, as Alhambra's Jeffrey Snider notes, this is due to Yellen putting the 'dollar' back on suicide watch.
Large speculators increased Silver net long position to $4.4bn from $2.4bn notional.