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Gene Arensberg: Commercial short position in gold resembles 2005's
2:24p PT Monday, June 8, 2009
Dear Friend of GATA and Gold:
Gene Arensberg's new "Got Gold Report" from Brien Lundin's Gold Newsletter (http://www.GoldNewsletter.com), excerpted at Stockhouse, reports that the commercial short position in gold has gotten overwhelming -- matched only by the position in the fall of 2005, when, instead of being crushed by the commercial short position as usual, gold broke through $450 per ounce. Arensberg's report begins with observations about natural gas, is headlined "Showdown at the Natural Gas Corral," and can be found at Stockhouse here:
http://www.stockhouse.com/Columnists/2009/June/8/Showdown-at-the-NatGas-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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