What a beautiful day for a short squeeze as the POSX falls over two full points after a terrible, goal-seeked BLSBS report. This provided the fuel for an epic squeeze of the smartypant hedge fund shorts and led to the best day in Comex gold in two years.
But not just Comex gold. All other commodities rallied, too, but the real pain was felt by the hedge funds that are short Comex silver. Since 8:30 am yesterday….just 30 hours ago….CDS has rallied over $2 or more than 11%!!
This all sets up an interesting week next with Fed Goons galore, the US elections and the next…
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