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