by Daily Bell Staff
The Daily Bell
NEW YORK, July 15 … Hedge funds and money managers again raised their net long positions in COMEX silver futures and options to fresh record highs in the week to July 12, as spot prices hovered near two-year highs, data showed on Friday. As gold’s safe-haven appeal waned, speculators cut their record bullish bets for the first time in five weeks and raised their net longs in copper, U.S. Commodity Futures Trading Commission (CFTC) data showed. For silver, it was also the fifth straight week of additions. – Reuters
Silver and gold have had terrific weeks but as we’ve been showing, the mainstream media, especially the business media, often focuses on the negatives.
Meanwhile, the news queues are filled with anti-metals propaganda.
Why silver’s post-Brexit bull run may soon be over … While the fallout from the Brexit vote has added uncertainty to global markets, some investors have been profiting off the increased appetite for safety plays.