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Gold

Forget stocks, the gold short squeeze is intensifying

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Seeking Alpha/AustroLib/6-8-2020

graphic image of gold short bubble meeting pin“In the end, what this means longer term is that there will be fewer suppliers of gold futures contracts from here on out with bullion banks fleeing the scene. They don’t want to touch these contracts anymore. It’s too dangerous. Traders will have to bid higher to get them, and a lower supply of contracts means higher prices per contract anyway. My feeling is that the premium gap between the physical and paper markets is on the verge of closing in favor of physical, possibly within weeks now.”

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