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Well, it could be worse. He could be short silver, too.
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"I listened to Kitco's Nadler on the Bloomberg channel this morning. He's been bearish on gold for months, and I thought he sounded like a know-nothing fool today. Why didn't Bloomberg interview someone who's been bullish and right about gold?"
Richard Russell
The US dollar did a quietly impressive 'cliff dive' today.
Harvey Organ's metals commentary is interesting this evening. It appears that some rather large customers are pulling their silver bullion out of storage in the Comex vaults. Trying to beat the Christmas rush?
Volume in the gold ETF IAU was 700% of average today. Perhaps some players are diversifying out of GLD.
FT had a story that the big US bank JPM is trying to reduce its silver short and edge towards the exits. Good luck with that.
Madoff trade off?
