Submitted by cpowell on 09:51PM ET Wednesday, July 9, 2014. Section: Daily Dispatches

12:50a ET Thursday, July 10, 2014

Dear Friend of GATA and Gold:

The Got Gold Report's Gene Arensberg tonight digs into the latest silver futures trading position data and concludes that most of short positions recently added belong not to the major bullion banks, as is widely suspected, but to other commercial traders, "swap dealers." Arensberg thinks they have vastly oversold the metal in an attempt to stop its rally and are now vulnerable to a short squeeze. Arensberg's commentary is headlined "Swap Dealers' 'Goal-Line Stand' for Comex Silver Futures in Jeopardy; Squeeze Very Possible Now" and it's posted at the Got Gold Report here:

http://www.gotgoldreport.com/2014/07/swap-dealers-goal-line-stand-for-co...