Bill’s Commentary:

“From our pal Chris Marcus. The setup certainly looks “squeezy” to me.”

Gold & Silver Bank COMEX Short Positions Remain Near All-Time Highs, While Silver ‘Free Float’ Is Running Low

After two days of rallying to start the week, both precious metals were pretty quiet on Wednesday.

The gold futures are currently down just under two dollars to $3,432. The silver futures are up a dime on Wednesday to $37.93.

As you might imagine, given the current price levels, the short position held by the banks in both the gold and silver markets remains near the extreme end.

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