Gold and Silver Surging – Shorts Worry as the Long Awaited Turn Picks up Momentum

from King World News

Gold and silver are surging ahead of Friday’s Non-Farm Payroll Report, despite heavy commercial selling. Shorts worry as the long awaited turn picks up momentum.

John Embry had this to say yesterday about the current COT setup:

“However, it feels different this time because despite the best efforts of the bullion banks to flush the gold market lower, the gold price keeps coming back. And as I said, in comparison to the past 4 1/2 years, where the bullion banks appeared to be in complete control, something seems to have changed.”

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