The Commitment of Traders report shows the commercials are taking net-long positions in gold and silver futures.
The banks must have a good reason for going long on precious metals, Kranzler says. In the midst of this, seasonal buying is likely to come soon from India and China.
As for the economy, is the U.S. doing better than the rest of the world? Kranzler exposes the crisis the U.S. is currently in. The stock market indices are rising, but Kranzler says this is not reflective of a lot of the market.
Longer term, things could get worse. He says, emerging market crises are bound to affect the U.S. market.
- Source, Silver Doctors
