ZeroHedge reports about the record short position in Gold, which can become the catalyst for the move higher. This week sell off in gold is holding the lid on $1,200 level. All these games will end in tears one day.
ZeroHedge: Peak Gold? Goldman Calculates There Is Only 20 Years Of Gold Supply Left.
Finally the word is out and multiplied by ZeroHedge. Let's wait when the story will hit mass media now.
Peak Gold: 10 Remarkable Gold and Silver Trends Going Into 2015.
"Gold production is expected to peak in 2015. As the next chart suggests, the discovery cycle peaked some 20 years ago, and that will only reflect as of this year in the production volumes. Combine this with the falling gold prices (currently right below the average cost of production), and the result is a series of liquidations of miners and mining projects which would lead to an even more drastic short-term decrease of gold output. Read more."
TNR Gold: Shotgun Gold Project Development in Alaska.
"Nova Gold has published its new presentation for PDAC 2015. Now you can find more information about Alaska as mining jurisdiction and Donlin Gold type of Gold deposit. TNR Gold owns 100% of Shotgun Gold project in Alaska, which has very similar geology to Donlin Gold, according to Greg Johnson - one of the founders of Nova Gold. Read more."
ZeroHedge:
Crowded Trade 2.0: Specs Have Never Been More Short Gold Or The Euro
The Long US Dollar, Short US Treasuries trades were the 'most crowded' earlier this year and while both have derisked modestly from record highs, this week saw the net speculative position in EURUSD futures surge more negative and has never been shorter. Along similar 'strong dollar' lines, as Bloomberg reports, net long positions in Gold have dropped to their lowest since Dec 2013 and outright Gold short positions rose for the seventh week in a row to the highest since data began in 2006.
Specs have never been more short The Euro against the US Dollar...
And gold shorts have never been higher...
So everyone on one side of the Strong Dollar boat... apart from The Fed...
Charts: Bloomberg"
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