Banks Covered Gold And Silver Shorts During Post Election Selloff

Stock, Trading, Monitor, Business, Finance, ExchangeImage source: 
The data is out for the period covering the post-election selloff in gold and silver, and sure enough, the banks did a lot of short-covering.In today’s show we take a look at the latest data, and also how the metals have fared since the Fed’s 50 basis point rate cut in September while the dollar has rallied over 6%.We also consider at some of the solar ideas that Elon Musk has floated in the past, that now he may actually be in position to implement. Which of course would have an impact on the demand for silver.Video Length: 00:19:27More By This Author:Silver Funds Add Over 100 Million Oz Since March Large Gold And Silver Short Covering By Banks In Past WeekTrump Win Could Lead To Shocking Financial Change

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.