Incredibly Important Developments In Gold & Silver Markets

Most people assume hedge funds--the Big Money--are the smartest guys in the room, that they prey on retail investors.  In most cases, it's true.  But in the precious metals sector, the hedge funds are the Dumb Money.  It is the crooked bullion banks who switch positions before inflection points, as they are in the warehousing business, and are therefore the best-informed and most capitalized market participants.  If hedge funds are the Big Money, the bullion banks are the Bigger Money.

The recent surge in precious metals saw the hedgies scrambling to cover their short losses, while the bullion banks had switched from net short to net long (e.g. JPMorgan).  Of course, the hedgies went short because Goldman Sachs and Societe Generale earlier downgraded the precious metals sector.

Followers got whipsawed and head faked out of their positions again.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/8/18_Incredibly_Important_Developments_In_Gold_%26_Silver_Markets.html