Big commercials don’t see metals going lower, Arensberg reports

GATA

8:50p ET Friday, April 27, 2012

Dear Friend of GATA and Gold:

In his Got Gold Report bulletin tonight, Gene Arensberg reports that the big commercial traders have greatly cut back their short positions in gold and especially in silver, indicating that they don’t expect the monetary metals to move lower. Arensberg’s report is headlined “Gold and Silver Disaggregated COT Report for April 27″ and it’s posted at the Got Gold Report’s Internet site here:

http://www.gotgoldreport.com/2012/04/gold-and-silver-disaggregated-cot-r…

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA’s full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit: