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Craig Hemke at Sprott Money: Here comes another squeeze of gold shorts
3:47p ET Wednesday, November 14, 2018
Dear Friend of GATA and Gold:
Having lured fund managers into shorting gold futures by pushing the price below the 50-day moving average, bullion banks are about to trigger a short squeeze by yanking the price up again, according to the TF Metals Report's Craig Hemke, writing at Sprott Money.
Hemke writes: "As with each of the past four years, we expect a year-end rally in Comex gold that extends into January. Whether or not this next spec short squeeze sets off that rally will be a function of timing. We'll wait to see how it plays out. In the meantime, what's important is that you know it's coming and can take action to plan and prepare."
Hemke's analysis is headlined "Another Gold Spec Short Squeeze Pending" and it's posted at Sprott Money here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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