Furthermore, the speed of this change in positioning has occurred at the fastest rate since the data set began in mid-2000.
[But] considering who the sharks in the water are (JPM), I can well suppose the positions [are] being set up to rip off the speculators again.”
He further commented that, I don’t know how long and [how big] this buildup [will] become, but it’s like everyone’s rushing from one side of the boat to the other…[and] it’s building into a most bullish position. It creates violent reactions. So yes, we could well be seeing a massive short squeeze soon.”
This is another small (yet very significant) sign that the gold market is quietly changing its character.
Tekoa Da Silva
Bull Market Thinking