Have the Shorts Had It?

Posted by on February 12th 2010 in Gold, Short Sellers, Silver, Ted Butler | Be the first to comment!

With silver prices gaining 4.2% for the week, and gold up 3.4%, Ted Butler, in an interview with King World News, says that this is “the best buy point” he has seen for gold and silver, based on a significant contract net reduction in the commercial short position for both metals, as reflected in recent commitment of traders reports from the Commodity Futures Trading Commission (CFTC).

Butler recommends a Bloomberg article about CFTC Chairman Gary Gensler, who Butler has applauded, and who is also profiled in the latest issue of Business Week.

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