Replies to post #71661 on Triple 000 and Sub-penny Chart Plays

[trader53]

RMRK - GOLD - Large, Gold Short Squeeze

Jun. 13, 2015

Traders Building Large Gold Short Positions

• The last time short interest rose by a similar amount
marked a bottom in the gold price.

Over the past week
we saw one of the largest rises
in speculative trader short positioning
as the gold price dropped.

We saw a tremendous jump
in speculative short positions rise
to one of the highest levels of the year.

It is always a better time to buy gold
(or any other commodity)
when short interest is high
and thus investors are mostly gathered
on one side of the boat.

Traders
seem to be selling a lot of gold contracts short,
which may signal a nice buying opportunity
as often these large short positions
are a good contrarian indicator
on where the price of gold is headed in the short term.

Thus we think it is prudent that investors
take the contrarian position here
and build gold positions by increasing exposure
to physical gold

http://seekingalpha.com/article/3256435-the-latest-commitment-of-traders-data-shows-traders-building-large-gold-short-positions














http://stockcharts.com/h-sc/ui?s=RMRK&p=D&yr=0&mn=2&dy=26&id=p20911642619