In 2011, the herd mentality pushed silver and gold to record values. The opposite tactic should now be liquidating large cap equities, real estate and the U.S. dollar and building positions in junior resource stocks that are extremely high quality and compelling takeout targets.
You just can't keep a good business down. Take note, US government and governments everywhere. The free market is more fit for survival than the state could ever hope to be. This is more than just the struggle of some betting site to keep making money.
Commercials sold 2,373 longs and picked up 2,669 shorts to end the week with 58.66% of all open interest and now stand as a group at 17,609,100 ounces net short, according to data from the US Commodity Futures Trading Commission.
Commercials added 2,372 longs and 2,484 shorts to end the week with 47.57% of all open interest 132,485,000 ounces net short, a small increase of 555,000 ounces, according to the US Commodity Futures Trading Commission.