Macleod – Bullion Banks Still Have A Problem Despite Gold & Silver Pullback

June 05, 2020

The last knockdown, which sent the gold price down to $1460 in March achieved nothing. With net shorts of 182,864 contracts they cannot afford to see higher gold prices. This is why today we saw an attempt to claw back some of those shorts, with the gold price being knocked back below $1700 to facilitate it. As always, we cannot rule out a further knockdown into next week, but we have seen a new development: Americans are standing for delivery on Comex, with 140.8 tonnes delivered in the last five days.

https://kingworldnews.com/bullion-banks-still-have-a-problem-despite-gold-silver-pullback/