We go over the week’s trading in gold and silver and provide an analysis of recent price movements. Lots of short contracts are being dumped to hold down the price, which is visible in the data. However, longs keep coming back for more, which is incredibly bullish heading into the last quarter of 2020. The Bank of Novia Scotia was fined over $127 million for manipulative precious metals trading – we review that notice from the CFTC and discuss what it means for gold and silver for the rest of this year.
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