Market Report: Bear squeeze continues

This week saw some consolidation of the rise in gold and silver prices since the start of the year. This is hardly surprising, because in four weeks, gold has risen from an intraday low of $1122.9 through $1200 with very little consolidation. Therefore, to tick back from $1219 to find support at the $1200 is only to be expected.

Comex Gold Swaps are short 50,000 contracts even with rising gold and silver prices.

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First published here: Market Report: Bear squeeze continues

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