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Zero Hedge on Historic gold open interest

Posted by newtogold @ 12:10 on June 26, 2016  

http://www.zerohedge.com/news/2016-06-25/historic-mind-boggling-rise-gold-open-interest-friday

Hoping he is on the money. Who wins the battle? Will it be the Banks again? I know one thing. They have won virtually every battle up till now. They will not go down without stretching the OI much higher than this  IMO. Doubling down on a bad bet is a losing effort  as I have come to know quite often but with there source of seemingly infinite funds ,who is it to say that they don’t go “all in”  and jeopardize the world economy just to continue their positions of power? Sadly I think in this “staring contest” they will blink last. With that said, who thought Brexit  vote outcome could have occurred? So who knows?

 

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.