Monday, April 15, 2013 3:08:08 PM
The latest COTs for gold are now quite bullish, with Commercial short
positions having been scaled back substantially and Large Spec long
positions having moderated substantially.
Should gold now suffer a severe decline, these positions can be
expected to get a lot more extreme, and should assist us
in calling the bottom....
The dollar had little or rather no role to play in gold’s breakdown,
as we can see on its 6-month chart. It appears to be topping out
beneath a “Distribution Dome”, a view which is supported by its
latest COT chart.
Actually it has dropped away from its Dome rather quickly towards
its rising 50-day moving average, so it is entitled to minor
relief rally soon before it heads lower.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86818359
http://www.lovethetruth.com/truth_about_money.htm
http://www.lovethetruth.com/
God Bless
positions having been scaled back substantially and Large Spec long
positions having moderated substantially.
Should gold now suffer a severe decline, these positions can be
expected to get a lot more extreme, and should assist us
in calling the bottom....
The dollar had little or rather no role to play in gold’s breakdown,
as we can see on its 6-month chart. It appears to be topping out
beneath a “Distribution Dome”, a view which is supported by its
latest COT chart.
Actually it has dropped away from its Dome rather quickly towards
its rising 50-day moving average, so it is entitled to minor
relief rally soon before it heads lower.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86818359
http://www.lovethetruth.com/truth_about_money.htm
http://www.lovethetruth.com/
God Bless
My opinions are my own and and DD I post should be confirmed as unbiased
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