Physical buying could put this month’s new shorts under pressure as December approaches.
Authored by GoldFix
In today’s GoldFix Market Rundown, Vince Lanci covers a Goldman report finding speculative traders added billions in silver shorts before November’s rebound. He argues these new shorts are shallow, poorly informed about spread mechanics, and vulnerable as physical demand returns from India and Europe ahead of December’s expiration.
0:00 Intro and today's top stories
0:20 Goldman silver shorts face a December test
0:58 Speculators add $2.6 billion in silver shorts
1:34 Blow by blow CPI slams gold and silver
2:05 Fresh shorts pile in as physical demand returns
2:26 Mechanics shorts sell into the December expiration
3:08 Oversold not overbought with no COMEX longs
3:49 Spread mechanics short at $51 rolled to $53
4:25 London and India's seasonal silver buying returns
5:04 India accumulates silver as the EFP starts to move
5:57 Is gold being spoofed lower again
6:10 GATA report on BIS gold swaps and rate hikes
6:26 Fed speakers lineup including John Williams
7:44 Judy Shelton's Treasury Trust Bonds and gold collateral
8:01 Market Rundown
8:55 December silver spreadFull show for GoldFix members: Silver’s Shorts Face a December Test
