Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.



home / news releases / AAAU - Bullion Banks Covering Their Short Gold Derivatives Positions - Time To Buy Gold


AAAU - Bullion Banks Covering Their Short Gold Derivatives Positions - Time To Buy Gold

Now that the bullion banks are covering their decades-old short gold derivatives positions, it's time to buy gold. If the banks don't want to be short, it's time to go long. The recent blowout of the COMEX April 2020 futures contract price above the London spot price is evidence of this action and a glaring indication of significant adjustments being made by the major gold market participants.

Banks are closing out their short gold positions after all these years because of the present world health/financial crisis and the steps being taken to salvage the world's

Read more ...

Stock Information

Company Name: Goldman Sachs Physical Gold ETF
Stock Symbol: AAAU
Market: NYSE

Menu

AAAU AAAU Quote AAAU Short AAAU News AAAU Articles AAAU Message Board
Get AAAU Alerts

News, Short Squeeze, Breakout and More Instantly...