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Ed Steer: A golden rescue on the Comex?

Section: Daily Dispatches

By Ed Steer
Ed Steer's Gold and Silver Daily
via GoldSeek.com
Saturday, July 31, 2016

Once again I was wrong about this week's Commitment of Traders Report in silver for positions held at the close of Comex trading on Tuesday. Although the commercial net short position in gold decreased by the expected smallish amount, there was a tiny increase in silver once again.

But under the surface in the headline gold number was an absolutely stunning change that both Ted and I were shocked to see. It proves Ted’s premise that one of the smaller traders in the Big 8 category most likely had its financial back against the wall -- and had to get bailed out in whole or in part by one or more the Big 4 traders. More on that shortly, as first things first. ...

... For the remainder of the commentary:

http://news.goldseek.com/GoldSeek/1469994958.php



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