from Zero Hedge:
Two days ago we suggested that
“they better pray there is no short squeeze.” Today, following the just
released latest CFTC Commitment of Traders data which showed that the
Comex gold short position grew once again to a new all time high of
79,416 shorts, all prayers are now off. If we may be so bold as to we
suggest, the time has come to upgrade to the sacrificial slaughtering of
at least a lamb on the altar of Saint Ben, because even the
tiniest hint of a forced cover will now result in the biggest rip your
face off levered short squeeze seen in the history of the yellow metal. Maybe throw in an ink cartridge or two for good measure…
Read More @ ZeroHedge.com
Two days ago we suggested that
“they better pray there is no short squeeze.” Today, following the just
released latest CFTC Commitment of Traders data which showed that the
Comex gold short position grew once again to a new all time high of
79,416 shorts, all prayers are now off. If we may be so bold as to we
suggest, the time has come to upgrade to the sacrificial slaughtering of
at least a lamb on the altar of Saint Ben, because even the
tiniest hint of a forced cover will now result in the biggest rip your
face off levered short squeeze seen in the history of the yellow metal. Maybe throw in an ink cartridge or two for good measure…Read More @ ZeroHedge.com
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