Traders Are Buying Gold & Silver At Fastest Pace In Over A Decade

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–  Traders Are Buying Gold & Silver At Fastest Pace In Over A Decade (ZeroHedge, May 24, 2015):

The last time large speculators were as aggressively buying silver as last week was September 1997. The 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.

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1 thought on “Traders Are Buying Gold & Silver At Fastest Pace In Over A Decade

  1. Interesting that the actual paper Gold &Silver is being suppressed while it looks like hard metal prices are hardened slightly higher.

    This renders the mining industry as marginal at best and a total rock bottom liability at worst, pointing to cheap sell offs for the benefit of the moneyed few who can then mothball them causing the price hike they can benefit from

    http://level9news.com/L9N/index.php/8-topical-news/economic-financial/1-gold-silver-smashdown-mining-industry-collapse-2

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